Weekly summary:2020 China Bearing Steel market trend in third week of October decrease 0.97%

Weekly summary:2020 China Bearing Steel market trend in third week of October decrease 0.97%

1. The price of mainstream varieties of excellent special steel

This week, the prices of mainstream premium special steels consolidated slightly. Among them, 45# closed at 4121 yuan/ton, down 2 yuan/ton from last week, 40Cr closed at 4363 yuan/ton, down 6 yuan/ton from last week, and 20CrMnTi closed at 4476 yuan/ton. Last week, it fell 2 yuan/ton, and CrMo closed at 4731 yuan/ton, down 5 yuan/ton from last week.

2. The main market prices and spreads of special steel

This week, the major market price adjustments for premium special steel nationwide are around 10 yuan/ton, with Hangzhou closing 4170 yuan/ton up 10 yuan/ton compared to last week, and Shandong closing 3,820 yuan/ton up 10 yuan/ton compared to last week. The city price difference is 350 yuan/ton.

Zhejiang market: Zhejiang special steel market rose slightly by 10-20 yuan/ton. At the current Hangzhou market, Hangzhou Steel 4170 yuan/ton Huaigang 4170 yuan/ton Nangang 4160 yuan/ton, Yuanli (direct delivery) 4150 yuan/ton Zhongtian 4100 yuan/ton Dongfang 4100 yuan/ton, 40Cr Hangzhou 4380 yuan/ton Huai is 4410 yuan/ton; chromium molybdenum is 4630 yuan/ton gears and Laiwu Steel is 4410 yuan/ton. This week, Jiangsu and Zhejiang’s leading steel mills continued to increase their prices by 30 yuan/ton in the second half of this week. Market transactions have improved, and traders’ quotations have remained stable. At the end of the week, market transactions have weakened, and the market as a whole has stabilized, with a few traders secretly dropping. Seek shipment. Some northern steel mills have continued to arrive recently and need to pay attention to its impact on market prices. On the whole, the market price of Zhejiang special steel is expected to consolidate next week.

Jiangsu market: The market price of Jiangsu special steel is generally stable this week. The current market Huaigang 45# carbon structure steel reported 4160 yuan/ton, up 10 yuan/ton from last week, and Dongfang Special Steel 45# carbon structure steel reported 4070 yuan /Ton, unchanged from last week. Traders' inventories have basically fallen slightly from last week, and now large local households have inventories of 5,000-40,000 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 333,400 tons, a decrease of 3,700 tons from last week's inventory. The local leading steel plants are all producing normally. This week, the market price is mainly wait-and-see, and the peripheral market is acceptable at the end of the week. It is expected that the local high-quality special steel market price or a slight consolidation will mainly run next week.

Central China market: This week, the market price of special steel in Central China was generally stable, and the market shipment situation was poor. Zhengzhou 45# Jinan Iron and Steel Group is 4,350 yuan/ton, the same as last week, and Changsha Xianggang 4120 yuan/ton, which is the same as last week. Wuhan Xianggang is 4,050 yuan/ton, up 80 yuan/ton from last week. This week, the price of special steel in Wuhan in Central China has risen, while prices in other regions are temporarily stable. Market traders’ shipments are generally in general. At present, the market is mainly waiting and see. It is expected that the market of special steel in Central China may consolidate next week.

Shandong market: The price of structural steel in Shandong has risen slightly. Now 45# Luli is 3820 yuan/ton, Fulun is 3820 yuan/ton, Guangfu is 3820 yuan/ton, Xiwang is 3930 yuan/ton, and Weigang is 3980 yuan/ton. Steel is 4040 yuan/ton, and giant energy is 3980 yuan/ton. At the beginning of the week, the market transaction volume increased, and the market reaction was optimistic. Steel mills actively pushed up the ex-factory price. As the weekend approached, the futures reaction was strong, which once again promoted transactions. It is expected that the local premium special steel prices will consolidate next week.

Chongqing market: The market price of Chongqing special steel fell this week. The current market price is 45#4030 yuan/ton, down 50 yuan/ton from last week, Xining special steel is 4150 yuan/ton, down 30 yuan/ton from last week, 40Cr4370 -4420 yuan/ton, down 30 yuan/ton from last week, 20CrMnTi4550-4600 yuan/ton, chromium molybdenum 4900-4950 yuan/ton. The price of local premium special steel dropped slightly. At present, the total stock of bars in the Chongqing market is 131,000 tons, an increase of 5,700 tons from last week. The inventory pressure is relatively high. Traders mainly reduce inventory by shipments, and the downward pressure on prices is greater. The market price is generally stable, and it is expected that the price of local high-quality special steel will be weakened next week.

3. Summary of price adjustments of special steel mills

From October 17 to October 23, 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 they released 14 price adjustment information in total. In this period, steel mills have adjusted their prices. The prices of steel mills have been mixed. 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 794,100 tons, a month-on-month decrease of 7,800 tons, a decrease of 0.97%.

The weekly transaction volume of sample enterprises of national premium special steel bars was 339,200 tons, a decrease of 12,200 tons from the previous month, or 3.48%.

5. The excellent special steel market is weak and consolidates in next week

Judging from the above situation, the market price is generally stable this week, and the market shipment situation is average. At present, the market inventory is relatively high, and traders mainly reduce their inventories. Coupled with the weakness of the external market at the end of the week, it is expected that the price of excellent special steel or weak consolidation will be the main operation next week.