In 2021, China's economy will remain stable while improving. The macro policy is set to maintain continuity, stability, and sustainability, and policy operations must be more precise and effective, without making a sharp turn. Boosted by the economic recovery in the international and domestic markets, the overall seamless pipe API 5L X60 and so on steel prices in 2021 will run at a high level.

The specific judgment is as follows:
1. The seamless pipe API 5L X60 will usher in a situation where both supply and demand increase.

2. The pressure on total seamless pipe API 5L X60 inventory has eased compared with this year, and the pressure on domestic supply from export shift.

3. The trend of the raw material end has strong support for the price of seamless pipe API 5L X60: iron ore prices are under pressure to fall, but the range is limited; under the protection of policies, coke prices will remain high.

4. It is predicted that the Chinese steel market will fluctuate repeatedly in 2021, and the overall average price of seamless pipe API 5L X60 and so on steel materials will move upward.