Weekly summary:2020 China Bearing Steel market trend in first week of November increase 0.11%

1. The price of mainstream products

The prices of mainstream premium special steel varieties continued to rise slightly this week, with 45# closing at 4141 yuan/ton, up 19 yuan/ton from last week, 40Cr at 4385 yuan/ton, up 30 yuan/ton from last week, and 20CrMnTi at 4490 yuan/ Tons increased by 22 yuan/ton from last week, and CrMo closed at 4737 yuan/ton, up 7 yuan/ton from last week.

2. The main market prices and spreads of special steel

This week, the adjustment range of the main market prices of premium special steel nationwide was around 60-70 yuan/ton, of which Hangzhou received 4230 yuan/ton, an increase of 70 yuan/ton compared to last week, and Shandong received 3860 yuan/ton, an increase of 60 yuan/ton compared to last week. , The leading city price difference is 370 yuan/ton.

Zhejiang market: The mainstream of Zhejiang special steel market is temporarily stable. Now Hangzhou Hangzhou Steel 4230 yuan/ton Huaigang 230 yuan/ton Nangang 4220 yuan/ton, Yuanli (direct) 4220 yuan/ton Zhongtian 4180 yuan/ton Dongfang 4180 yuan/ton, 40Cr Hangzhou 4440 yuan/ton Huai is 4470 yuan/ton; chromium molybdenum is 4650 yuan/ton gear and Laiwu Steel is 4430 yuan/ton. This week, the market price has risen by 60-80 yuan/ton as a whole. At the beginning of the week, the ten-day price of the dominant steel mills will be increased by 50 yuan/ton. The market price has risen, and the transaction situation is good. Weak; trading prices at the end of the week remained stable. On the whole, it is expected that Zhejiang special steel prices will consolidate next week.

Jiangsu market: This week, the market price of Jiangsu special steel increased by 50-80 yuan/ton, and the current market Huaigang 45# carbon structure steel reported 4210 yuan/ton, up 50 yuan/ton from last week. Dongfang Special Steel 45# Carbon structure steel reported 4150 yuan/ton, up 80 yuan/ton from last week. Traders' inventories were basically the same as last week, and now large local households' inventories remain at 5,000-41,000 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 316,100 tons, a decrease of 13,600 tons compared with last week's inventory. The local leading steel mills are all producing normally. Recently, the external market has been better, and steel mills have a strong sentiment to increase ex-factory prices. Supported by cost pressures, it is expected that the local premium special steel market prices may continue to consolidate and move upward next week.

Central China market: This week, the market price of special steel in Central China rose slightly, and the market shipment situation was poor. Zhengzhou 45# Jinan Iron & Steel is 4,350 yuan/ton, the same as last week, and Changsha Xianggang 4100 yuan/ton, which is higher than last week. Increased 10 yuan/ton, Wuhan Xianggang 4,010 yuan/ton, up 10 yuan/ton from last week. This week, the prices of special steel in Wuhan and Changsha in Central China rose slightly. The prices in Zhengzhou continued to be stable, and the shipments of market traders were average. At present, the market is still mainly waiting and watching. It is expected that the Huazhong special steel market may continue to consolidate next week.

Shandong market: The market price of Shandong special steel has risen sharply. Now 45# Luli is 3860 yuan/ton, Fulun 3870 yuan/ton, Guangfu 3840 yuan/ton, Xiwang 3980 yuan/ton, Weigang 4020 yuan/ton , Qinggang 4060 yuan / ton, Juneng 4020 yuan / ton. Stimulated by the increase in steel prices across the country and the price of premium special steel in Jiangsu and Zhejiang, the price of local premium special steel has increased by 50-60 yuan/ton. The market shipments are good, but shipments are a bit hindered after the pull up to a high level. It is expected to consolidate at a high level, and it is more difficult to continue to pull up.

Chongqing market: The market price of Chongqing special steel is temporarily stable this week. The current market price of 45# carbon steel is 4,000 yuan/ton, which is the same as last week. Xining special steel is 4120 yuan/ton, which is the same as last week, 40Cr4350-4400 yuan. /Ton, 20CrMnTi4550-4600 yuan/ton, chromium molybdenum 4900-4950 yuan/ton. The price of local special steel is temporarily stable. The current total stock of bars in the Chongqing market is 131,000 tons, which is a decrease of 15,000 tons from last week. The inventory pressure is relatively high. Traders mainly focus on shipment reduction. The current shipments are normal, but the inventory has been high, and some traders secretly drop their shipments. On the whole, it is expected that Chongqing's special steel market prices will be weakened and consolidate next week.

3. Summary of price adjustments of special steel mills

From October 31st to November 6th, the price adjustments of major special steel mills nationwide are as above: A total of 15 steel mills released price adjustment information during this period, and a total of 22 price adjustment information has been released. In this period, steel mills adjusted prices and steel mill prices have risen 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 787,900 tons, a month-on-month increase of 8 million tons, an increase of 0.11%.

The weekly trading volume of sample enterprises of national premium special steel bars was 342,200 tons, an increase of 1,700 tons or 0.49% month-on-month.

5. Next week, the excellent special steel market is weak and consolidates

Judging from the above situation, the market price continued to rise slightly this week, and the market shipment situation was average. The current market inventory is still at a normal level. Recently, the external market has been good, and steel mills have a strong willingness to keep prices. Supported by cost pressures, it is expected that the price of special steel may continue to consolidate and move upward next week.