API 5L X52 steel demand is expected to continue to recover

With the stability of the domestic epidemic situation and the continuous improvement of China's economic policies, the commonness of API 5L X52 steel market in recent years mostly comes from the optimistic expectation at the macro level, which promotes the price center of black series and even the overall industrial products to continue to move up. Although the supply has increased, there is little change. In addition, with the rainy season and the reconstruction project after the disaster successively started, the demand for API 5L X52 steel is expected to continue to recover, and the supply and demand gap will be further narrowed.

At the same time, the high cost gives a certain support to API 5L X52 steel price, business sentiment is high and more optimistic about the future market. However, we should pay attention to the fact that the iron ore futures market has reached new highs in recent years. There is a risk that the price of iron ore futures rises too fast, which seriously deviates from the basic plane of black system. The current demand performance of API 5L X52 steel is also unstable. It is often that the transaction of low-level resources is acceptable, but the transaction of high price is hindered. Therefore, there is still a cautious attitude in the market optimism.