Weekly summary:2021 China Bearing Steel market trend in fourth week of March will be down 2.7%

  Weekly summary:2021 China Bearing Steel market trend in fourth week of March will be down 2.7%

1. The prices of mainstream varieties of high-quality special steel

This week, the prices of mainstream premium special steel products fluctuated at a high level. Among them, 45# closed at 5344 yuan/ton, down 2 yuan/ton from last week, 40Cr closed at 5594 yuan/ton, down 7 yuan/ton from last week, and 20CrMnTi closed at 5784 yuan. /Ton fell 4 yuan/ton from last week, and CrMo closed at 6,008 yuan/ton, down 5 yuan/ton from last week.

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

This week, Hangzhou, the main market for high-quality special steel in the country, closed 5330 yuan/ton, and Shandong received 4980 yuan/ton, with a price difference of 350 yuan/ton in leading cities.

Zhejiang market: The price of Zhejiang special steel market remained stable this week. The mainstream price of 45#Φ30 and above Hang 5330 yuan/ton Huai 5410 yuan/ton South 5370 yuan/ton, Yuanli (direct delivery) 5310 yuan/ton Zhongtian 5370 yuan/ton Dongfang 5220 yuan/ton, 40Cr Hang 5540 yuan/ton Huai is 5620 yuan/ton; chromium and molybdenum is 5940 yuan/ton and Laiwu Steel is 5770 yuan/ton. On the market side: the prices of high-quality special steel varieties continue to run at a high level, the downstream procurement costs have increased significantly, the willingness to purchase is low, and market transactions are poor; some traders have accumulated inventory and are under greater financial pressure, and most of them have lowered their prices for shipment Go to the library. Steel mills: mainstream steel mills in Jiangsu and Zhejiang have some maintenance. External markets: affected by low-priced resources in the north, the north-south spread has been repaired; the threaded market fluctuates greatly due to weather and other factors. Based on the above situation, the price of Zhejiang Excellent Steel is expected to consolidate next week.

Jiangsu market: This week, the market price of Jiangsu special steel has slightly loosened, and the mainstream price of 45#Φ30 is now Huaigang 5420 yuan/ton, Dongfang Special Steel Plant raises 5230 yuan/ton, Hangzhou Steel 5350 yuan/ton, 40Cr Huaigang 5660 yuan/ton, gear Laiwu 5800 yuan/ton, chrome-molybdenum Laiwu steel 5950 yuan/ton. In terms of steel mills, the total inventory of bars in Jiangsu You Special Steel Plant was 436,400 tons, an increase of 14,700 tons from last week, an increase of 3.06% from the previous week, and a decrease of 108,900 tons from the same period last year, a year-on-year decrease of 20.04%. In terms of the market, the downstream purchasing enthusiasm is not strong, market transactions are poor, and traders mainly lowered their shipments. Regarding the later price trend, considering the cost of raw materials, steel mills have a strong intention to raise prices. It is expected that the price of Jiangsu special steel will continue to be high in the short term.

Central China market: The price of the Huazhong premium special steel market was generally stable this week. Zhengzhou 45# Jinan Steel is 5450 yuan/ton, unchanged from last week; Changsha 45# Xianggang 5400 yuan/ton, unchanged from last week; Wuhan 45# Xianggang 5230 yuan/ton, up 90 yuan/ton from last week Ton. The market price of Huazhong's special steel market continued to run at a high level this week, and the transaction was poor. Traders’ inventory, agreements, and capital pressures are slightly greater, and shipments are generally falling. At the same time, inventory costs are high, and prices are difficult to rise and fall in the short term. Based on the above situation, it is expected that the price of Huazhong's special steel market will be weak and consolidate next week.

Shandong market: This week, the price of Shandong special steel market increased slightly. The local special steel price 45# Luli 4980 yuan/ton, Fulun 4950 yuan/ton, Guangfu Dayuan 5220 yuan/ton, Xiwang 5260 yuan /Ton, Weigang 5200 yuan/ton, Juneng 5250 yuan/ton. This week, the market price continued to rise slightly, the transaction was average, and the steel mill resources were not right, which had a certain supporting effect on the price. It is expected that the local high-quality special steel market prices will consolidate at a high level next week.

Chongqing market: The market price of Chongqing special steel declined slightly this week. The current market price is 45#5260 yuan/ton, which is 20 yuan/ton less than last week, Xining special steel is 5350 yuan/ton, and 40Cr55500 yuan/ton, which is less than last week. 50 yuan/ton, 20CrMnTi 5850 yuan/ton, chromium molybdenum 6100 yuan/ton, unchanged from last week. At present, the total stock of bars in the Chongqing market is 90,300 tons, a decrease of 3,500 tons from last week. This week, Chongqing market prices fell slightly, and market transactions performed generally. Near the end of the month, some traders were under greater pressure on funds and prices loosened slightly. However, under the support of high costs, the room for price drops is limited. On the whole, it is expected that Chongqing's special steel market prices will consolidate next week.

3. Summary of price adjustments of special steel mills

From March 20 to March 26, the price adjustments of major special steel mills across the country are as follows: A total of 11 steel mills released price adjustment information in this period, and a total of 11 price adjustment information has been released. In this period, steel mills have adjusted their prices. The prices of steel mills have generally remained stable. 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 inventory of samples of high-quality special steel bars in the country was 915,900 tons, a decrease of 18,500 tons from the previous month, a decrease of 1.98%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 317,800 tons, a decrease of 91,500 tons from the previous month, or 2.9%.

5. The excellent special steel market continues to run smoothly next week

Judging from the above situation, the market price has fluctuated at a high level this week, and social inventories have continued to be high, and the inventory has dropped slightly this week. Traders' inventories have increased, agreements and financial pressures have become prominent, and there is a strong intention to cut prices and shipments to reduce inventory; the north-south spread continues to shrink to 350 yuan/ton. It is expected that the price of excellent special steel will fluctuate at a high level next week.