The callback range of API 5L X56 PSL2 steel price may be far lower than expectation

In the near future, the overall demand of domestic steel market is good, and the short-term API 5L X56 PSL2 steel price trend will show a high fluctuation trend. At the same time, due to the limited inventory of steel plants, with the full start of steel demand, there will be a situation of short supply. Therefore, the callback range of API 5L X56 PSL2 steel price may be far lower than the market expectation.

It is worth noting that the apparent consumption of iron and steel fell slightly last week, and the National Development and Reform Commission has repeatedly stressed that the bulk commodities do not have the basis for long-term rise. In the later stage, it does not rule out the introduction of relevant policies at the national level. Therefore, in the short term, we should try not to purchase large quantities at a high level, and adhere to the principle of purchasing API 5L X56 PSL2 and so on steel on demand.