On July 9, the average price of API 5L grade B or L245 PSL1 steel strip and so on hr steel coil in major cities in China was up compared with the previous trading day. Yesterday's spot market mentality is more optimistic, early morning business quotation slightly pull up, the market transaction of API 5L grade B or L245 PSL1 steel strip and so on hr steel coil as a whole is general.
However, with the continuous rise in recent prices of of API 5L grade B or L245 PSL1 steel strip and so on hr steel coil, the downstream wait-and-see mood has increased, the enthusiasm for purchasing is not high, and the transaction has weakened.
According to this network statistics, this week the National of API 5L grade B or L245 PSL1 steel strip and so on hr steel coil stock continues to rise slightly, short-term price rise may have certain resistance. However, at present, steel mills have strong willingness to stand up for of API 5L grade B or L245 PSL1 steel strip and so on hr steel coil price, which has a certain support for the price, and merchants are not willing to sell at too low price. Overall, it is expected that the market price of of API 5L grade B or L245 PSL1 steel strip and so on hr steel coil today will fluctuate.
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