Today's black futures fluctuated weakly. In the morning, API 5L X65 PSL2 steel prices in most areas of China rose steadily and slightly. From the perspective of transactions, the volatile operation of futures disks has a certain impact on the spot market. Most merchants mainly focus on shipments. The transaction situation of some low-priced resources is acceptable, and the overall shipment situation is slightly improved compared with yesterday.
At present, due to the off season of traditional API 5L X65 PSL2 steel, it is difficult to see significant increase on the demand side. At the same time, API 5L X65 PSL2 steel mills are still profitable in the short term, and there is still room for slight increase in output, and pressure on the supply side is still there.
In summary, it is expected that in the short term, domestic API 5L X65 PSL2 steel prices may be dominated by weak consolidation. The overall market situation in August is expected to not change significantly due to the underpinning of real estate infrastructure.
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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