Looking back on last week's API 5L X52 carbon steel market in China, we can see that the overall situation is volatile and slightly downward. In the short term, we mainly focus on the following factors:
1. On the supply side, with the resumption of production of some overhauled steel mills, the API 5L X52 carbon steel output will pick up this week, and the mill inventory will accumulate due to the decline of orders received.
2.At present, the price base of API 5L X52 carbon steel is relatively solid, especially the price of lock order in Hebei is close to the cost line, and the price support is strong.
3. On the demand side, with the approach of the holiday, the market trading atmosphere is becoming more and more light, and some API 5L X52 carbon steel dealers are ready to keep inventory and resell after the holiday.
It is generally estimated that the short-term API 5L X52 carbon steel price will be consolidating.
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