API 5L grade B PSL1 pipeline steel coil price will maintain a strong shock operation

On June 17, the average price of API 5L grade B PSL1 pipeline steel coil and so on hot rolled plates and coils in China was higher than that of the previous trading day. Yesterday's terminal demand performance was weak and the transaction was average, but the market speculative demand increased significantly in the afternoon.

Recently, due to the increase of ordering cost, the willingness of ordering API 5L grade B PSL1 pipeline steel coil and so on hot rolled coils is still not strong, but the willingness of receiving and replenishing goods from market bulk orders is strong, so at present, the phenomenon of moving goods between the market merchants has increased significantly, which also reflects that the merchants are still optimistic about the later period, and still maintain a cautious attitude and operation. Overall, the short-term API 5L grade B PSL1 pipeline steel coil and so on hot-rolled coil price will still maintain a strong shock operation.