The traditional post Festival rising link of the API 5L X42 PSL2 steel market will not be absent

In 2021, China's economy will gradually enter the post epidemic era, with "two new and one heavy" and weak investment as the main entry points. At the same time, China will continue to strengthen the construction of new infrastructure, and actively promote the implementation of a number of major projects, so as to improve the overall downstream demand this year. Before the Spring Festival, the spot market of API 5L X42 PSL2 steel was almost closed, and there were few transactions in the market. However, the black futures market fell first and then rose under the influence of tight monetary liquidity and less than expected release of iron ore supply.

But for the API 5L X42 PSL2 steel spot market after the festival, the better downstream demand expectation and this year's special winter storage structure will become the main influencing factors. The traditional post Festival rising link of the API 5L X42 PSL2 steel market will not be absent, but the degree of demand release will become the key to how long the API 5L X42 PSL2 steel market can rise.