API 5L X65 PSL2 steel prices are expected to rise steadily tomorrow

With the recovery of macro-economy, futures rose strongly, merchants adjusted prices according to the market, and the spot trading situation improved as a whole. Most of the downstream products were just purchased on demand. With the warmer weather, the downstream terminal demand gradually made a large number of purchases. The inventory of the steel market continued to decline, and the news of environmental protection and production restriction in North China came out again, which stimulated merchants to replenish the warehouse. The ex factory price of steel plants remained strong support, and the API 5L X65 PSL2 steel prices may rise steadily tomorrow.

The speculation of limiting production by environmental protection is rising again, the black series is pulling up strongly, the market mentality is improving, the terminal purchasing is active, and the spot is selling while rising. Considering that under the background of huge investment in carbon peak and carbon neutralization, it is necessary to preserve the profits of steel plants and accelerate the realization. It is expected that the market price of API 5L X65 PSL2 steel will rise tomorrow.