Weekly summary:2020 China Bearing Steel market trend in fourth week of September decrease 0.53%

Weekly summary:2020 China Bearing Steel market trend in fourth week of September decrease 0.53%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties dropped sharply this week. 45# closed at 4042 yuan/ton, down 77 yuan/ton from last week, 40Cr closed at 4292 yuan/ton down 74 yuan/ton from last week, and 20CrMnTi closed at 4427 yuan/ton. Last week, it fell 43 yuan/ton, and CrMo closed at 4700 yuan/ton, down 28 yuan/ton from last week.

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

    This week, the adjustment range of the main market prices of premium special steel nationwide was around 20-160 yuan/ton, of which Hangzhou closed at 3910 yuan/ton, down 160 yuan/ton from last week, and Shandong at 3780 yuan/ton, down 20 yuan/ton from last week. , The leading city price difference is 130 yuan/ton.

Zhejiang market: Zhejiang’s special steel market continues to fall sharply. The current Hangzhou market is Hangzhou Steel 45# 3910 yuan/ton, Huaigang 3900 yuan/ton; Nangang 3900 yuan/ton, Yuanli Steel Plant’s direct price is 3880 yuan/ton; Dongfang Special Steel is 3870 yuan/ton. National Day is approaching, traders generally have greater pressure on agreements, weak quotations and active shipments, and market transactions are fair. At the beginning of the week, the price-fixing steel mills made up for the decline, and traders were actively seeking shipments to follow the decline; mid-week leading price-fixing steel mill traders continued to lead the decline, and shipments were acceptable; the market's decline at the end of the week did not change, and the shipment situation was weak. On the whole, it is expected that the Zhejiang special steel market may continue to operate weakly next week.

Jiangsu market: The market price of Jiangsu special steel continued to fall sharply this week. The current market Huaigang 45# carbon structure steel reported 3910 yuan/ton, down 170 yuan/ton from last week, and Dongfang Special Steel 45# carbon structure steel reported 3870 yuan /Ton, down 150 yuan/ton from last week. Traders' inventories increased slightly from last week, and now large local households' inventories are between 5,000 and 40,000 tons. Traders' transactions this week are average, and the average daily shipments of large households this week are 500-4500 tons. According to statistics, the current total stock of bars in Jiangsu You Special Steel Plant is 319,900 tons, a decrease of 8,200 tons from last week's inventory. The local leading steel plants are all producing normally. In the past two weeks, the price of Huaigang's carbon steel in the local market has fallen by 260 yuan/ton. The current market price is severely inverted, and downstream demand is general. Traders mainly wait and see.

Shandong market: Shandong structural steel market prices continue to fall, 45# Luli 3780 yuan/ton, Fulun 3780 yuan/ton, Guangfu 3800 yuan/ton, Xiwang 3930 yuan/ton, Weigang 3970 yuan/ton, Qinggang 4,060 yuan/ton, giant energy 3970 yuan/ton. Shandong prices continued to decline this week, but the decline was small, and did not fall sharply with Jiangsu and Zhejiang. Steel mill inventories rose slightly, sales pressure increased, market confidence was insufficient, and sales prices were relatively weak. It is expected that the price of local high-quality special steel will be weak and stable before the holiday.

Central China market: The market price of special steel in Central China dropped slightly this week, and the market shipments were poor. Zhengzhou 45# Jinan Iron and Steel Group is 4,350 yuan/ton, the same as last week, and Changsha Xianggang 4120 yuan/ton, down 40 yuan from last week. Yuan/ton, Wuhan Xianggang 3970 Yuan/ton, down 60 Yuan/ton from last week. Affected by the surrounding areas and the external market, the price of special steel in Central China continued to decline slightly this week, and the shipment situation of market traders was not satisfactory. The market is still mainly waiting and see. It is expected that the market of special steel in Central China may continue to weaken and consolidate next week.

Chongqing Market: The market price of Chongqing special steel has dropped sharply this week. The current market price is 45#4070 yuan/ton, Xining Special Steel is 4170 yuan/ton, down 50-100 yuan/ton, 40Cr4400-4450 yuan/ton, 20CrMnTi4550-4600 yuan/ton, chromium molybdenum 4900-4950 yuan/ton. Affected by the sharp drop in the price of high-quality special steel in East China, the price of local high-quality special steel also fell. Recently, there are many new arrivals in the local area. At the beginning of the week, the local inventory rose to 87,700 tons. In order to ship more goods before the National Day, merchants reduced prices. It is expected that the local structural steel prices will continue to decline slightly before the holiday, but the decline will be narrower than the previous period.

3. Summary of price adjustments by special steel mills

From September 19 to September 25, the price adjustments of major high-quality special steel mills across the country are as above: a total of 15 steel mills released price adjustment information in this period, and a total of 23 price adjustment information has been released. In this period, steel mills adjusted prices and steel mill prices fell mainly. Next week, we should continue to pay attention to the impact of consumer demand and steel mill maintenance.

4. Social inventory performance of excellent special steel

The total social inventory of premium special steel nationwide was 742,100 tons, an increase of 13,100 tons or 1.80% month-on-month.

The weekly trading volume of the national high-quality special steel bar sample enterprises was 295,500 tons, a decrease of 19,000 tons from the previous month, or 6.06%.

5. The superior special steel market will run weakly next week

Judging from the above situation, the price of high-quality special steel products across the country fell sharply this week, and the market transactions were average. At present, steel mill inventories are accumulating, and traders are facing multiple pressures from inventories, the National Day holiday and poor downstream purchasing intentions. They cut prices in order to ship as soon as possible and reduce inventories. It is expected that the price of the national high-quality special steel market will continue to run weakly next week.