What is the trend of API 5L X70 PSL1 steel price in the middle and last ten days of June

Recently, the API 5L X70 PSL1 steel price keeps rising, which makes the market boiling. Although the overall demand for API 5L X70 PSL1 steel is still large at present, but under the influence of continuously increasing crude steel output and lower than expected production limit in Tangshan area, how should the API 5L X70 PSL1 steel price go in the later period? What do you think of the API 5L X70 PSL1 steel price trend in the middle and late June?

In June, the API 5L X70 PSL1 steel price did not meet the conditions for a sustained and rapid increase, and the market with high-level adjustment was not excluded. However, at present, the market fundamentals have not been fundamentally reversed, so China's API 5L X70 PSL1 steel prices will not rise or fall substantially.

As of June 5, 2020, the comprehensive API 5L X70 PSL1 and so on steel price index has reached 143.8 points, up 1.65% over the weekend, down 5.39% over the previous year; the price index of long steel has reached 155.7 points, up 1.85% over the weekend, down 5.91% over the same period last year; the price index of API 5L X70 PSL1 and so on steel plate has reached 132.4 points, up 1.55% over the weekend, down 4.56% over the same period last year.