Weekly summary:2021 China Bearing Steel market trend in third week of April will be down 0.27%

Weekly summary:2021 China Bearing Steel market trend in third week of April will be down 0.27%

1. The prices of mainstream varieties of excellent special steel

The prices of mainstream premium special steel products dropped slightly this week. Among them, 45# received 5508 yuan/ton, down 13 yuan/ton from last week, 40Cr received 5747 yuan/ton, down 16 yuan/ton from last week, and 20CrMnTi received 5901 yuan/ton. Compared with last week, it was down 17 yuan/ton, and CrMo closed at 6,149 yuan/ton, down 15 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 5480/ton, and Shandong received 5,350 yuan/ton. The leading city price difference was 130 yuan/ton.

Zhejiang market: The price of Zhejiang special steel market remained stable this week. The mainstream price of 45#Φ30 and above Hang 5480 yuan/ton Huai 5510 yuan/ton South 5480 yuan/ton, Yuanli (direct delivery) 5460 yuan/ton Zhongtian 5480 yuan/ton Dongfang 5450 yuan/ton, 40Cr Hang 5690 yuan/ton Huai is 5740 yuan/ton; chromium molybdenum is 6100 yuan/ton and Laiwu Steel is 5900 yuan/ton. On the market side: the prices of high-quality special steel products continue to run at a high level, the downstream procurement costs have increased significantly, the willingness to purchase is low, and the market transactions are poor; some traders have accumulated inventory, and the financial pressure is greater, and most of them have lowered prices in order to ship goods. Go to the library. Steel mills: mainstream steel mills in Jiangsu and Zhejiang have some maintenance. On the whole, the price of Zhejiang Excellent Steel is expected to consolidate next week.

Jiangsu market: This week, the market price of Jiangsu special steel has declined slightly. The mainstream price of 45#Φ30 is now Huaigang 5520 yuan/ton, Dongfang Special Steel Plant raises 5460 yuan/ton, Hangzhou Steel 5500 yuan/ton, 40Cr Huaigang 5760 yuan/ton, gear Laiwu 5900 yuan/ton, chrome-molybdenum Laiwu steel 6100 yuan/ton. In terms of steel mills, the total stock of bars in Jiangsu You Special Steel Plant was 408,700 tons, a decrease of 5,200 tons from last week, a decrease of 1.26% from the previous week, and a decrease of 82,100 tons from the same period last year, a year-on-year decrease of 16.73%. In terms of the market, Shandong prices are currently rising, the north-south spread is narrowing, and it is difficult for North materials to go south, but the downstream enthusiasm for obtaining goods is poor and market transactions are poor. It is expected that the price of Jiangsu special steel will consolidate in the short term.

Central China market: This week, the price of the Huazhong premium special steel market remained stable as a whole. Zhengzhou 45# Jinan Steel is 5600 yuan/ton, unchanged from last week; Changsha 45# Xianggang 5500 yuan/ton, down 50 yuan/ton from last week; Wuhan 45# Xianggang 5410 yuan/ton, down from last week 10 yuan/ton. This week, the Huazhong premium special steel market had poor transactions, and the demand of downstream enterprises was average. There was no market in the market. Traders chose to lower their quotations in order to ship goods. In mid-week, mainstream steel mills have stable pricing policies for ten days and market prices have stabilized; social trading volume has weakened, traders’ inventories have increased, and inventory and capital pressures are obvious; steel mills have no maintenance plans for the time being, and production schedules are normal. Based on the above situation, it is expected that the market price of Huazhong's special steel market will consolidate at a high level next week.

Shandong market: This week, the price of Shandong special steel market increased slightly. The local special steel price 45# Luli 5350 yuan/ton, Fulun 5320 yuan/ton, Guangfu Dayuan 5500 yuan/ton, Xiwang 5540 yuan /Ton, Weigang 5380 yuan/ton, Juneng 5420 yuan/ton. Market prices rose slightly this week, market resources were slightly tight, and merchants' shipments were fair. 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 is generally stable this week. The current market price is 45#5430 yuan/ton, Xining Special Steel is 5500 yuan/ton, 40Cr5700 yuan/ton, 20CrMnTi5900 yuan/ton, chromium molybdenum 6150 yuan/ton. Temporarily stable compared to last week. At present, the total stock of bars in the Chongqing market is 93,100 tons, a decrease of 1,700 tons from last week. This week, the Chongqing market prices have basically remained stable, with average transaction performance and high prices. Traders mainly focus on shipments and destocking, steel mill prices are relatively strong, and the external markets are mainly operating at high and weak positions. On the whole, It is expected that the high-level consolidation of the Chongqing special steel market will be the main focus next week.

3. Summary of price adjustments of special steel mills

From April 17 to April 23, 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. During the current period, steel mills adjusted prices, and the prices of steel mills were stable.

4. Social inventory performance of excellent special steel

The total inventory of the national premium special steel bar samples was 860,200 tons, a month-on-month decrease of 2300 tons, a decrease of 0.27%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 356,700 tons, an increase of 19,600 tons or 5.81% month-on-month.

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

Based on the above situation, social inventories have dropped for six consecutive weeks, and social transactions have risen slightly. The overall market price dropped slightly, the northern price remained strong, and the north-south spread was as small as 130 yuan/ton, which has been reduced to the lowest level this year. It is expected that the price of excellent steel will run smoothly at a high level next week.