The price of API 5L grade B PSL2 hr coil and so on hot-rolled steel coil may fluctuate tomorrow

On July 7, the price of API 5L grade B PSL2 hr coil and so on hot-rolled steel coil in major cities of China increased slightly. As of the time of publication, the national average price of API 5L grade B PSL2 hr coil was 1.57 usd / ton higher than the previous trading day.

Today, the black commodity futures market fluctuated upward, closing up 0.81%. The mentality of the spot market was relatively optimistic, and the quotation of merchants in the early morning pulled up slightly, and the market transaction for API 5L grade B PSL2 hr coil was general.

At present, there are relatively few API 5L grade B PSL2 hr coil inventory resources in the market. And with the support of cost, businesses have strong willingness to stand up. Although the plum rain season has a certain impact on steel demand, but businesses are not willing to ship at low prices. Overall, it is expected that the market price of API 5L grade B PSL2 hr coil and so on hot-rolled steel coil will fluctuate tomorrow.