Oil pipe market is in a state of oversupply
The oil pipe market has experienced a sharp rise and fall, and now it has entered a shock. Because of the lack of sustained hype, it is expected that the price of oil pipe will maintain a shock trend as the market returns to rationality under the condition of a basically balanced supply-demand relationship.
Oil pipe spot price weakened, steel mill quotation is also generally reduced. After the spot price of oil pipe rose sharply, steel mills also slowed down the rhythm of price increase and returned to the decline trend. Supply-demand relationship has become the main factor leading the trend of oil pipe market.
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