Supply and demand analysis of API 5L X42 PSL2 steel market

This week (1.11-1.15), the downstream demand of API 5L X42 PSL2 steel market was light, and the shipment volume decreased significantly. At present, the overall domestic economy is improving, but the economic development is in the process of transformation. Optimizing the structure and transforming the driving force has become the main theme, which is also the basis of long-term good economic development. For the domestic steel market, the market demand has decreased significantly, the downstream procurement has shrunk rapidly, and the stock steel merchants have low enthusiasm for winter storage, so they choose to wait and see to maintain stability. However, the steel futures price has rebounded after continuous decline, which will drive the price of API 5L X42 PSL2 steel stock to pick up, but there is no sign of weakness in the overall steel market.

At present, the total inventory in the steel market has decreased by 824300 tons, or 7.99%, compared with the same period last year. From the perspective of inventory changes, API 5L X42 PSL2 steel prices are in a weak position in the near future.