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Will API 5L X42 PSL1 steel plate price consolidate today in China

Posted:2020-08-11 10:10:10

The market price of API 5L X42 PSL1 steel plate fluctuated at a high level yesterday in China, slightly lower than the average price on Friday. In terms of transaction, transactions in the national market were slightly weaker. Some API 5L X42 PSL1 steel plate traders made concessions to ensure the shipment volume.
API 5L X42 PSL1 steel plate

According to market feedback, the recent market arrival is general, the overall inventory is not large, and the pressure of API 5L X42 PSL1 steel plate merchants is small; secondly, the ex factory prices of steel mills continue to stand up, and the agents have poor willingness to ship upside down, which still has a certain support for API 5L X42 PSL1 steel plate prices in the short term.

On the whole, the demand performance in the near future is still weak, but the inventory side and cost side are supported. It is expected that China's API 5L X42 PSL1 steel plate price will consolidate today.


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