API 5L plate X52 prices are expected to continue to strengthen this week

Looking back on the domestic API 5L plate X52 market in China last week, we can see that the overall situation has shown a sharp rise. In the short term, we mainly focus on the following factors:

On the supply side, some steel mills will resume production one after another after the festival, and the short-term API 5L plate X52 production may remain high; before the festival, most of the traders are passive in winter storage, and their willingness to take the initiative in winter storage is not high. Therefore, after the festival, some intermediate distributors have low inventory, high enthusiasm for taking goods in the short term, which has a certain support for the API 5L X52 plate price; on the demand side, there are still some terminals in the market, so the short-term API 5L X52 steel demand will recever slowly, which is expected to fully recover this week.

It is generally predicted that the market is currently bullish and the API 5L plate X52 price is expected to continue to strengthen this week.