The price of API 5L X52 PSL1 steel plate may be weak and consolidate in the short-term

Today's black futures continued to adjust in a weak way, and the price decline in the spot market was expanded compared with last Friday. The market mentality was affected, and API 5L X52 PSL1 steel plate merchants were mainly active in shipping. From the perspective of API 5L X52 PSL1 steel plate transaction, the speculative demand of the market is weakened, the shipment of resources is not smooth, and the overall transaction is weak.

Today, Baosteel announced the domestic futures sales price in September, with the price rising by 200 to 400 RMB / ton, which has a supporting effect on the price of flat products. In the short term, on the one hand, the output of construction steel may continue to maintain a relatively high level. In addition, the demand side may be restrained by the high temperature and rainy weather in the whole country this week.

On the other hand, the price of API 5L X52 PSL1 steel plate rose greatly last week, and the rising trend was relatively fast. At the same time, the macro market uncertainty increased, leading to a strong wait-and-see sentiment in the market. It is expected that the price of API 5L X52 PSL1 steel plate in the short-term may be weak and consolidate.