Weekly summary:2020 China Bearing Steel market trend in first week of September up 1.57%

Weekly summary:2020 China Bearing Steel market trend in first week of September up 1.57%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties continued to rise this week, with 45# closing at 4153 yuan/ton, up 29 yuan/ton from last week, 40Cr at 4394 yuan/ton, up 28 yuan/ton from last week, and 20CrMnTi at 4,483 yuan/ton. Compared with last week, it was up 3 yuan/ton, and CrMo received 4726 yuan/ton, up 3 yuan/ton from last week.

2. The main market prices and spread performance of special steel

This week, the major market price adjustments for premium special steel nationwide were around 30-70 yuan/ton, of which Hangzhou received 4,180 yuan/ton, an increase of 30 yuan/ton from last week, and Shandong’s received 3,900 yuan/ton, an increase of 70 yuan/ton from last week. , The leading city price difference is 280 yuan/ton.

Zhejiang market: Zhejiang special steel market rose slightly, Hangzhou Steel 45# 4180 yuan / ton, Huaigang 4180 yuan / ton; Nangang 4170 yuan / ton, Yuanli Steel Plant direct issue price 4170 yuan / ton; Dongfang Special steel 4150 yuan/ton, the market price rose slightly this week, the market was bearish at the end of last week, and the market price dropped slightly. At the beginning of the week, due to the pick-up of billets over the weekend and the increase in the price of steel mills, market traders pulled up slightly and market transactions improved. In the middle of the week, the daily prices of the Japanese-priced steel mills Hangzhou Steel and Dongfang Special Steel increased, and the traders’ quotations remained stable. Mainly, the market trading atmosphere is general; the market price at the end of the week is stable and the transaction is weak, and the price of gear steel is relatively high and the price is low. At present, the supply of resources in the Hangzhou market is tight, and the circulation of northern materials is relatively small. Traders' quotations remain stable and wait-and-see; the surrounding coastal markets have received more Shandong materials and the quotations are low. On the whole, the Zhejiang special steel market is expected to consolidate at a high level next week.

Jiangsu market: The market price of Jiangsu special steel rose slightly this week. The current market Huaigang 45# carbon structure steel reported 4180 yuan/ton, an increase of 40 yuan/ton from last week, and Dongfang Special Steel 45# carbon structure steel reported 4130 yuan /Ton, up 30 yuan/ton from last week. Traders' inventories increased slightly from last week, and large local households' inventories are now 5,000-35,000 tons. Traders' transactions this week are general, and the average daily shipments of large households this week are 500-5000 tons. According to statistics, the current total stock of bars in Jiangsu You Special Steel Plant is 298,600 tons, an increase of 11,700 tons from last week's inventory, an increase of 4.08% month-on-month, and local leading steel mills are in normal production. At present, downstream demand is general and steel mills have a strong willingness to support prices, but traders have a poor mentality, mainly due to shipments and inventory reduction. It is expected that the local premium special steel market prices or high-level consolidation will be the main focus next week.

Shandong market: Shandong structural steel market prices have risen sharply, 45# Luli 3890 yuan/ton, Fulun 3880 yuan/ton, Guangfu 3910 yuan/ton, Xiwang 4000 yuan/ton, Weigang 4040 yuan/ton, Qing Steel is 4080 yuan/ton, and giant energy is 4040 yuan/ton. This week, the prices of Luli and Fulun stopped falling and stabilized, and rose sharply, with a cumulative increase of 60-70 yuan/ton, with good shipments. Recently, the inventories of steel mills have dropped significantly, the resources are not much, and the merchants have good sales. Affected by the increase in ex-factory prices by East China Steel, Weigang and Juneng have increased by 40 yuan/ton. It is expected that the price of local high-quality special steel will consolidate mainly in the short term.

Central China market: This week, the market price of special steel in Central China rose slightly, and the market shipments were poor. Zhengzhou 45# Jinan Steel is 4370 yuan/ton, up 50 yuan/ton from last week, and Changsha Xianggang 4180 yuan/ton , Up 60 yuan/ton from last week, Wuhan Xianggang 4000 yuan/ton, unchanged from last week. Affected by the surrounding areas and the external market, the price of special steel in central China rose slightly this week. The current market traders’ shipments are in general condition, supported by cost pressures. It is expected that the market of special steel in central China may consolidate and move upward next week.

Chongqing market: The market price of Chongqing special steel increased slightly this week. The current market price is 45#4180 yuan/ton, Xining special steel 4250 yuan/ton, 40Cr4450-4500 yuan/ton, 20CrMnTi4550-4600 yuan/ton, chromium molybdenum 4850 yuan -4900 yuan/ton. According to market rumors, Xining Special Steel's settlement price of premium steel in southwestern China will increase by RMB 130/ton on September 5. It is expected that if steel mills substantially increase their ex-factory prices, merchants will have to passively increase driven by costs. Entering September, the market transaction performance was fair, and the terminal demand slightly improved compared with August. It is expected that the price of local premium special steel will increase mainly next week.

3. Summary of price adjustments by special steel mills

From August 29th to September 4th, the price adjustments of major special steel mills across the country are as above: A total of 14 steel mills released price adjustment information in this period, and a total of 18 price adjustment information has been released. In this period, the factory prices of steel mills increased slightly and continue next week. Continue to pay attention to consumer demand and the impact of steel plant maintenance.

4. Social inventory performance of excellent special steel

The total social inventory of premium special steel nationwide was 738,800 tons, an increase of 11,400 tons or 1.57% from the previous month.

The weekly turnover of sample enterprises of national premium special steel bars was 322,400 tons, an increase of 22,800 tons from the previous month, an increase of 7.62%.

5. The excellent special steel market will consolidate next week

Judging from the above situation, the market price of special steel in major regions of the country continued to rise this week, and the social transaction situation in the market has picked up. However, the social inventory has still increased slightly recently. The mentality of traders is not good. Supported by cost pressure, it is expected that the national premium steel prices may consolidate at a high level next week.