Weekly summary:2021 China Bearing Steel market trend in fourth week of April will be down 1.26%

  Weekly summary:2021 China Bearing Steel market trend in fourth week of April will be down 1.26%

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

The prices of mainstream premium special steel varieties rose slightly this week, with 45# closing 5546 yuan/ton higher than last week’s 38 yuan/ton, 40Cr closing 5781 yuan/ton higher than last week’s 34 yuan/ton, 20CrMnTi closing 5926 yuan/ton. Last week, it rose by 26 yuan/ton, and CrMo closed at 6163 yuan/ton, an increase of 14 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 5540/ton, and Shandong received 5,400 yuan/ton, and the leading city price difference was 140 yuan/ton.

Zhejiang market: The price of Zhejiang special steel market remained stable this week. The mainstream price of 45#Φ30 and above Hang 5540 yuan/ton Huai 5550 yuan/ton South 5530 yuan/ton, Yuanli (direct delivery) 5540 yuan/ton Zhongtian 5530 yuan/ton Dongfang 5520 yuan/ton, 40Cr Hang 5750 yuan/ton Huai 5790 yuan/ton; Cr-Mo 6100 yuan/ton gear Laiwu Steel 5920 yuan/ton. On the market side: the prices of high-quality and special steel products continue to rise slightly, the pre-holiday transactions are slightly heavy, and the traders’ outbound situation is acceptable; the steel mills: the mainstream steel mills in Jiangsu and Zhejiang have some maintenance, and the steel mill inventories continue to decline; the downstream procurement costs are high In order to reduce inventory, most purchases are made on demand, and the payment cycle is extended. On the whole, it is expected that the price of Zhejiang high-quality steel still has room to rise next week.

Jiangsu market: The market price of Jiangsu special steel rose slightly this week, and the mainstream price of 45#Φ30 is now 5550 yuan/ton for Huaigang, Dongfang Special Steel Plant raises 5510 yuan/ton, Hangzhou Steel 5520 yuan/ton, 40Cr Huaigang 5790 yuan/ton, gear Laiwu 5930 yuan/ton, chromium-molybdenum Laiwu steel 6120 yuan/ton. In terms of steel mills, the total stock of bars in Jiangsu You Special Steel Plant was 386,700 tons, a decrease of 22,000 tons from last week, a decrease of 5.38% from the previous week, and a decrease of 105,500 tons from the same period last year, a year-on-year decrease of 21.43%. In terms of the market, Shandong and Jiangsu special steel prices are getting closer, the market resources in Shandong are declining, and the downstream orders are good, and the short-term supply-demand relationship is good. It is expected that the price of Jiangsu special steel may rise steadily after the holiday.

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 is 5520 yuan/ton, up 20 yuan/ton from last week; Wuhan 45# Xianggang is 5410 yuan/ton, unchanged from last week change. This week, the market price of special steel in Central China rose first and then fell. In the early stage, traders took the initiative to raise prices due to cost pressures. Later, the prices fell slightly due to poor shipment conditions. At present, the prices of high-quality special steel varieties continue to be high, traders' inventory costs are high, and transactions have not improved significantly. The steel plant has no maintenance plan for the time being, and the production schedule is normal, releasing a price increase signal. Based on the above situation, it is expected that the market price of special steel in Central China will increase after the holiday.

Shandong market: This week, the price of Shandong special steel market increased slightly. The local special steel price 45# Luli 5400 yuan/ton, Fulun 5400 yuan/ton, Guangfu Dayuan 5500 yuan/ton, Xiwang 5540 yuan /Ton, Weigang 5400 yuan/ton, Juneng 5450 yuan/ton. Market prices rose slightly this week, market resources were slightly tight, and merchants' shipments were fair. It is expected that the local premium special steel market prices will increase after the holiday.

Chongqing market: The market price of Chongqing special steel increased slightly this week. The current market price is 45#5460 yuan/ton, Xining Special Steel is 5550 yuan/ton, 40Cr5750 yuan/ton, 20CrMnTi5950 yuan/ton, chromium molybdenum 6150 yuan/ton. This is an increase of RMB 30-50/ton from last week. At present, the total stock of bars in the Chongqing market is 86,400 tons, a decrease of 6,700 tons from last week. This week, the Chongqing market prices rose slightly, and the transaction was fair. Affected by the increase in the ex-factory price of steel mills and the price increase in the external market, the local price rose slightly. In addition, the shortage of local resource specifications at the end of the month also supported the price increase to a certain extent. Look, the market price of Chongqing special steel is expected to continue to consolidate at a high level or rise slightly after the holiday.

3. Summary of price adjustments of special steel mills

From April 24 to April 30, the price adjustments of major special steel mills across the country are as follows: A total of 3 steel mills released price adjustment information in this period, and they released price adjustment information 3 times. During the current period, steel mills adjusted their prices and the prices of steel mills were mainly increased.

4. Social inventory performance of excellent special steel

The national total inventory of high-quality special steel bar samples was 849,400 tons, a decrease of 10,800 tons from the previous month, a drop of 1.26%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 353,500 tons, a month-on-month decrease of 3,200 tons or 0.89%.

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

Based on the above situation, the number of steel mills under maintenance is relatively small across the country, steel mill inventories continue to decline, and steel mill inventories have dropped by 70,000 tons from the previous week. In terms of social inventory, affected by high prices, traders continued to lower their inventory, focusing on shipments. The current transaction situation in the special steel market is fair. And the spread between North and South is as low as 110 yuan/ton this week. In addition, at the end of the month, steel mills issued a price increase signal, and it is expected that the market price of special steel will increase after the holiday.