The weekend price forecast of API 5L X60 steel plate and API 5L X60 steel pipe

The weekend price forecast of API 5L X60 steel plate: fluctuate
With the rebound of the future products, and the stronger willingness of steel mills to hold up the API 5L X60 steel plate price due to the stricter environmental protection, the market mentality was boosted. The spot API 5L X60 steel plate market was adjusted along with the adjustment. The quotation of the merchants was restrained first and then raised. However, the downstream terminal was cautious in purchasing goods. The orders were just needed, the high-level transactions were general, the low-level transactions were acceptable, and the market price was limited. It is expected that the price of API 5L X60 steel plate will fluctuate strongly at the end of the week.

The weekend price forecast of API 5L X60 steel pipe: stable, with some minor adjustments
At present, due to the impact of the epidemic situation and the arrival of the off-season in June, the downstream demand of API 5L X60 steel pipe is not as expected, and the market trading atmosphere is in a low state. Most of the merchants have a wait-and-see mentality, and they do not have a large number of ideas of hoarding goods. They are mostly fast in and fast out. It is expected that the API 5L X60 steel pipe market will be stable at the weekend, with some minor adjustments.