the market situation of API 5L pipeline

Recently, it is difficult to change the weak market situation for the API 5L pipeline. It is known that cold rolled resources are at normal with low level in recent market. The shortage for API 5L pipeline is not serous on the market. The trader said that the inventory pressure is much larger. In demand, according to traders’ feedback, terminal still on-demand procurement, moreover downstream purchase such as automobiles, home appliances is still weak now, so steel consumption needs a cycle, there is little possibility to demand recovery in short term. In general, the local market is still in the pattern of imbalance between supply and demand, marketing pressure is still severe for the merchant. For cold rolling market, the businessmen need to keep more bearish mentality. Because of this, cold rolled market prices may give priority to with disadvantaged consolidation in the short term.

Recently, the spot market is still without support. API 5L pipe line market clinch deal is still weak. No matter how domestic mineral powder, coke prices up and down, all can not affect the shape of the spot market, because it is the biggest flaw of the current market demand. While in recent months, the steel prices keep rising from raw material and market. Maybe the number of storage is falling and the demand is rising in winter. The steel market is gradually in the peak period.

Price advantage is significant; it is a beneficial for the steel market. According to the market feedback, though the market transaction is low and demand continues to wait and see in deal aspects. The confidence of merchant is more positive affected by the peak period of steel product. In inventory, the market inventory pressure is not big and steel products storage is very enough to meet the demand of market. So API 5L pipeline prices will keep rising in the next few months. In addition, Henan Anson Steel will provide the latest market prices for our clients and customers in API pipes.