A516 Gr 55 pressure vessel steel price forecast in China

On June 18, the average price of A516 Gr 55 pressure vessel steel in China was higher than that of the previous trading day. In the spot market, A516 Gr 55 pressure vessel steel trading is active, but most of them are speculative demand. Merchants' receiving and replenishing behaviors are mostly, and terminal demand basically purchases on demand. At present, the price difference between the three places has recovered slightly compared with the previous period. In recent two days, the A516 Gr 55 pressure vessel steel price increases in East China and South China are stronger than those in North China, while the A516 Gr 55 pressure vessel steel prices in Southwest China are relatively high in the previous period.

In addition, after the resumption of production of steel mills, the A516 Gr 55 pressure vessel steel output and supply increase, and merchants are slightly afraid of high prices fall back, overall, this week's steel mill output continues to increase, but the follow-up incremental space is limited, and the profit is still objective. In the short term, it will basically maintain a high level, inventory continues to decline, demand toughness is strong, the short-term A516 Gr 55 pressure vessel steel price still maintains a strong shock, and there is still room for A516 Gr 55 pressure vessel steel price inflation in East China and South China.