API 5L X42 PSL2 pipeline steel coil prices in China have room for increase in the short term

On June 30, the average price of API 5L X42 PSL2 pipeline steel coil in China was down from the previous trading day. Yesterday, the black commodity futures market opened higher and went low, and some merchants' prices fell.

The current inventory of API 5L X42 PSL2 pipeline steel coil year-on-year is higher than last year, but the decline is stable, and the price difference between the three places has been difficult to open, which also led to the phenomenon of less arrival of goods in East and South China, lack of resources and the phenomenon of breaking specifications.

The market mentality is good and the API 5L X42 PSL2 pipeline steel coil price psychology is strong. Generally speaking, the API 5L X42 PSL2 pipeline steel coil prices in East China and South China still have support and room for increase in the short term. The pressure in North China is slightly higher, but the falling space is not large, and the overall operation of API 5L X42 PSL2 pipeline steel coil will still maintain a narrow range of shocks.