Weekly summary:2020 China Bearing Steel market trend in fourth week of October decrease 0.89%

Weekly summary:2020 China Bearing Steel market trend in fourth week of October decrease 0.89%

1. The price of mainstream products

This week, the prices of mainstream premium special steel products consolidated slightly. Among them, 45# closed at 4110 yuan/ton, down 6 yuan/ton from last week, 40Cr closed at 4355 yuan/ton, down 6 yuan/ton from last week, and 20CrMnTi closed at 4468 yuan/ton.

2. The main market prices and spreads of special steel

This week, the major market price adjustments for premium special steel nationwide were around 20 yuan/ton, of which Hangzhou’s closing price was 4,160 yuan/ton, down 10 yuan/ton from last week, and Shandong’s 3,800 yuan/ton, down 20 yuan/ton from last week. The city price difference is 360 yuan/ton.

Zhejiang market: The mainstream of Zhejiang special steel market is temporarily stable. The current Hangzhou market is 4160 yuan/ton, Huaigang 4170 yuan/ton, Nangang 4160 yuan/ton, Yuanli (direct delivery) 4140 yuan/ton Zhongtian 4100 yuan/ton Dongfang 4100 yuan/ton, 40Cr Hangzhou 4370 yuan/ton Huai is 4410 yuan/ton; chromium molybdenum is 4630 yuan/ton gear and Laiwu Steel is 4410 yuan/ton. This week, the market-led steel mills continued to flatten out the prices on the day, and some traders were bearish on the market and lowered their sales. The current market demand performance is acceptable. 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 temporarily stable this week. The current market Huaigang 45# carbon structure steel reported 4160 yuan/ton, which was the same as last week. Dongfang Special Steel 45# carbon structure steel reported 4,070 yuan/ton, higher Zhou is flat. Traders' inventories were basically the same as last week, and now large local households' inventories remain at 5,000-40,000 tons. Traders' transactions this week are average, and the average daily shipments of large households this week are 500-5,000 tons. According to statistics, the current total stock of bars in Jiangsu You Special Steel Plant is 329,700 tons, a decrease of 3,700 tons from last week's inventory. The local leading steel mills are all producing normally. This week, market prices are mainly wait-and-see, and traders’ inventories are at normal levels, supported by cost pressures. It is expected that the local premium special steel market prices may continue to consolidate slightly next week.

Central China market: This week, the market price of special steel in Central China has slightly loosened, and the market shipments are poor. Zhengzhou 45# Jinan Iron and Steel is 4,350 yuan/ton, the same as last week, and Changsha Xianggang is 4090 yuan/ton, down 30 Yuan/ton, Wuhan Xianggang 4000 Yuan/ton, down 20 Yuan/ton from last week. The prices of special steel in Wuhan and Changsha in Central China dropped slightly this week, while prices in Zhengzhou were temporarily stable. The market traders’ shipments were average. At present, the market is still waiting and watching. It is expected that the market in Central China’s special steel may continue to consolidate slightly next week. .

Shandong market: The price of structural steel in Shandong is mainly stable. Now 45# Luli is 3800 yuan/ton, Fulun is 3810 yuan/ton, Guangfu is 3820 yuan/ton, Xiwang is 3930 yuan/ton, and Weigang is 3970 yuan/ton. Qinggang is RMB 4,040/ton, and Juneng is RMB 3,980/ton. Due to the large price difference between Shandong and Jiangsu and Zhejiang, local prices are relatively low, so the recent local market shipments are relatively good, and merchants are not under pressure. On Friday, Luli raised the price by RMB 30/ton next Monday. It is expected that the price of local special steel may rebound slightly next week, stimulated by the price increase of steel mills.

Chongqing market: The market price of Chongqing special steel fell this week. The current market price is 45#4000 yuan/ton, down 30 yuan/ton from last week, Xining special steel 4120 yuan/ton, down 30 yuan/ton from last week, 40Cr4350 -4400 yuan/ton, down 20 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 was 132,000 tons, an increase of 13,300 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 24th to October 30th, the price adjustments of major special steel mills across the country are as above: A total of 2 steel mills released price adjustment information in this period, and they released price adjustment information twice.

4. Social inventory performance of excellent special steel

The total social inventory of premium special steel nationwide was 787,000 tons, a month-on-month decrease of 7,100 tons, or 0.89%.

The weekly trading volume of the national sample enterprises of special steel bars was 340,500 tons, an increase of 14,000 tons from the previous month, an increase of 0.40%.

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

Based on the above situation, the market price adjusted slightly this week, and the market shipment situation was average.The current market inventory is at a normal level. Recently, the external market is acceptable. Coupled with the support of cost pressure, it is expected that the price of special steel will become stronger next week.