On May 28, the average price of 4.75mm API 5L grade B PSL1 steel coil and so on hr coils in China was 510 usd / ton, up 0.84 usd / ton compared with the previous trading day. The black commodity futures market was shocked and strengthened yesterday, and the early quotation of the spot market was temporarily stable. There was a slight increase in the intraday price, and the market transaction was acceptable. Recently, the regional API 5L grade B PSL1 steel coil and so on hr coils price difference is still in an unbalanced state.
With the API 5L grade B PSL1 steel coil and so on hr coils price rising, some businesses with low inventory in the market are reluctant to sell inventory, and accompanied by the phenomenon of replenishing inventory.
In addition, this week's API 5L grade B PSL1 steel coil and so on hr coils supply decreased by a small amount of 4600 tons, social inventory decreased by 86200 tons, short-term supply remained stable, demand performance was good. It is expected that today's API 5L grade B PSL1 steel coil and so on hr coils price will remain strong and shock.
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!
Henan BEBON Iron&Steel co.,ltd.
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