Weekly summary:2021 China Bearing Steel market trend in second week of May will be down 4.87%

 Weekly summary:2021 China Bearing Steel market trend in second week of May will be down 4.87%

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

The prices of mainstream premium special steel varieties rose sharply this week, with 45# closing at 6457 yuan/ton, an increase of 724 yuan/ton from last week, 40Cr at 6688 yuan/ton, an increase of 729 yuan/ton from last week, and 20CrMnTi at 6858 yuan/ton. Last week, it rose 740 yuan/ton, and CrMo closed at 7061 yuan/ton, up 713 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 at 6,420 yuan/ton and Shandong at 6,330 yuan/ton. The price difference between the leading cities was 120 yuan/ton.

Zhejiang market: The price of Zhejiang special steel market rose sharply this week. The mainstream price above 45#Φ30 is Hangzhou 6420 yuan/ton Huai 6430 yuan/ton South 6410 yuan/ton, Yuanli (direct delivery) 6420 yuan/ton Zhongtian 6410 yuan/ton Dongfang 6390 yuan/ton, 40Cr Hangzhou 6630 yuan/ton Huai is 6670 yuan/ton; chromium molybdenum is 7050 yuan/ton gear, Laiwu Steel is 6850 yuan/ton. On the market side: the prices of high-quality special steel products continue to rise, and downstream companies have gradually begun to replenish inventory, and market transactions are booming; in terms of steel mills: mainstream steel mills in Jiangsu and Zhejiang regions have their inventories at a normal level and are still willing to increase; downstream parties have gradually begun to replenish inventory , The market turnover has improved; on the whole, it is expected that the price of Zhejiang Excellent Steel will consolidate at a high level next week.

Jiangsu market: The market price of Jiangsu special steel rose sharply this week. The mainstream price of 45#Φ30 is now Huaigang 6450 yuan/ton, Dongfang Special Steel Plant raises 6400 yuan/ton, Hangzhou Steel 6440 yuan/ton, 40Cr Huaigang 6,690 yuan/ton, gear Laiwu 6920 yuan/ton, chromium-molybdenum Laiwu steel 7040 yuan/ton. In terms of steel mills, the total inventory was 367,900 tons, a decrease of 6,300 tons from last week, a decrease of 1.68% from the previous week, and an increase of 0.09 million tons from the same period last year, a year-on-year increase of 0.25%. In terms of the market, the market price has risen sharply recently, the downstream fear of high sentiment is strong, the purchase enthusiasm is not high, and the transaction is poor. Next week, it will be cautiously rising and falling.

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 rose and fell. The local price of special steel 45# Luli 6300 yuan/ton, Fulun 6200 yuan/ton, Guangfu Dayuan 6200 yuan/ton, Xiwang 6320 yuan/ton , Weigang 6400 yuan/ton, Juneng 6400 yuan/ton. The steel mills rose rapidly this week. On Thursday, affected by the sharp drop in futures, the market began to sell, and the market price was chaotic on Friday. However, the overall Shandong market resources are slightly tight, and the fundamentals have certain support. It is expected that the price of the local high-quality special steel market will decline next week.

Chongqing market: This week, the overall price of Chongqing special steel market has risen sharply. The current market price is 45#5300 yuan/ton, Xining Special Steel is 6400 yuan/ton, 40Cr6600 yuan/ton, which is 700 yuan/ton higher than last week, 20CrMnTi6750 yuan /Ton, chromium molybdenum is 6950 yuan/ton. This is an increase of 650 yuan/ton from before the holiday. At present, the total stock of bars in the Chongqing market is 90,100 tons, a decrease of 5,700 tons from last week. Chongqing market prices rose sharply this week, but transactions were light at the end of the week, and prices rose and fell. Affected by the sharp drop in futures and the sharp drop in thread prices, the price of high-quality steel also began to fall slightly. On the whole, it is expected that Chongqing's special steel market will fall mainly next week.

3. Summary of price adjustments of special steel mills

From May 9th to May 14th, the price adjustments of major high-quality special steel plants nationwide are as follows: A total of 16 steel plants released price adjustment information during this period, and a total of 32 price adjustment information has been released. 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 total inventory of samples of high-quality special steel bars in the country was 835,900 tons, a decrease of 42,800 tons from the previous month, a decrease of 4.87%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 384,500 tons, an increase of 51,000 tons from the previous month, an increase of 15.29%.

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

Based on the above situation, two steel plants in Jiangsu are undergoing maintenance across the country. Market prices have increased significantly this week. After the May 1st holiday, traders’ transaction volume has increased well. However, as steel mill inventories and traders’ inventories continue to decline, resources tend to flow normally, affected by the continuous narrowing of the North-South spread. Prices in the South are relatively stable. The price of Zhouwei special steel was irrationally affected, and the price pulled back slightly. It is expected that the price of excellent steel will consolidate at a high level next week.