API 5L grade B PSL2 carbon steel coil may maintain high volatility in price

Yesterday, the prices of API 5L grade B PSL2 carbon steel coil and so on hot-rolled steel coils in major cities in China rose sharply. As of the time of publication, the national average price of API 5L grade B PSL2 carbon steel coil and so on hot-rolled steel coils was 3.85 usd / ton higher than that of the previous trading day in average.

Today, the black commodity futures market rose sharply, closing up by 1.00%. The stock market showed some price increases over the weekend. The overall transaction of API 5L grade B PSL2 carbon steel coil and so on hot-rolled steel coils was fair today, but the market price went to the current position, and the subsequent resource cost rise of merchants was a positive event, so the merchants were not willing to sell API 5L grade B PSL2 carbon steel coil and so on hot-rolled steel coils at a low price.

In the later stage, with the repair of regional price difference, northern resources may have the intention to go south, and the shortage of resources in East China will be improved, and the short-term API 5L grade B PSL2 carbon steel coil and so on hot-rolled steel coils prices may still maintain high volatility.