On June 29, the average price of API 5L X52 PSL2 pipeline steel in China was down from the previous trading day. Yesterday, the market as a whole was generally traded, with a small drop in the afternoon price and speculative demand for receiving goods after the drop.
However, the trading atmosphere of API 5L X52 PSL2 pipeline steel is still not active. In recent days, the continuous rain in East China and South China has affected the emergence of part of the demand.
In terms of supply, the current API 5L X52 PSL2 pipeline steel output has been basically the same as that of last year. There is not much room for further increase of API 5L X52 PSL2 pipeline steel production in the later period, and the decline rate of inventory is stable fixed, short-term business inventory pressure is not big, the price psychology is strong. It is expected that the API 5L X52 PSL2 pipeline steel price will maintain a narrow range of shock operation.
For more infomation about pipeline steel price: API 5L grade B, X42, X46, X52, X56, X60, X65, X70, etc. Welcome to consult BBN steel.
Just like you, 70% customers choose long-term cooperation with BBN steel not only for our good product and service quality, good reputation in the international market, but also for our experienced one-stop raw material supply and further steel processing!
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