Will API 5L X60 PSL1 steel prices continue to run high

Today, the mainstream of API 5L X60 PSL1 steel prices up, coupled with Tangshan limited production news to boost steel prices, so steel traders generally follow the rise.

We learned from the market that the performance of high-level trading is still weak, and some low-level trading has small volume. The merchants maintain the shipping operation, and the terminal has almost no replenishment operation except for the rigid demand. At present, there are relatively few market resources. Some API 5L X60 PSL1 traders have zero inventory in their hands, and their bids follow the market and wait-and-see mentality. The overall delivery pressure is not big.

Considering the strong wait-and-see sentiment, it is expected that the short-term API 5L X60 PSL1 steel prices will continue to run high.