Weekly summary:2021 China Bearing Steel market trend in third week of May will be down 5.05%

Weekly summary:2021 China Bearing Steel market trend in third week of May will be down 5.05%

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

The prices of mainstream premium special steel varieties dropped sharply this week, with 45# closing at 5,894 yuan/ton, down 563 yuan/ton from last week, 40Cr closing at 6,139 yuan/ton, down 549 yuan/ton from last week, and 20CrMnTi closing at 6,293 yuan/ton. Last week, it fell 565 yuan/ton, and CrMo closed at 6523 yuan/ton, down 538 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 5,710 yuan/ton, and Shandong received 5,650 yuan/ton. The price difference among leading cities was 60 yuan/ton.

Zhejiang market: This week, the price of Zhejiang special steel market fell sharply. The mainstream price of 45#Φ30 and above Hang 5710 yuan/ton Huai 5720 yuan/ton South 5700 yuan/ton, Yuanli (direct delivery) 5710 yuan/ton Zhongtian 5700 yuan/ton Dongfang 5690 yuan/ton; chromium molybdenum 6550 yuan/ton Gear Laiwu Steel is 6270 yuan/ton. On the market side: traders have been trading poorly for several days, and the quotations have a large floating space. The current inventory level is acceptable. The price of steel mills is mainly to compensate for the decline in ten days, and the market is still expected to fall. Downstream companies mainly take a wait-and-see attitude, and mainly purchase on-demand. In general, the price of excellent steel is expected to consolidate next week.

Jiangsu market: The market price of Jiangsu special steel dropped sharply this week. The mainstream price of 45#Φ30 in Huaigang is now 5710 yuan/ton, Dongfang Special Steel will raise 5700 yuan/ton, Hangzhou Steel 5700 yuan/ton, 40Cr Huaigang 5950 Yuan/ton, gear Laiwu 6250 yuan/ton, chromium molybdenum Laiwu steel 6400 yuan/ton. In terms of steel mills, the total inventory was 362,200 tons, a decrease of 5,700 tons from last week, a decrease of 1.55% from the previous week, and an increase of 20,200 tons from the same period last year, a year-on-year increase of 5.91%. In terms of the market, the market price has fallen sharply recently, the downstream wait-and-see sentiment is strong, the purchase enthusiasm is not high, and the transaction is poor. Next week, the price of high-quality steel in the Jiangsu market will fluctuate.

Central China market: This week, the price of the special steel market in Central China dropped sharply. Zhengzhou 45# Jinan Steel is 6280 yuan/ton, down 200 yuan/ton from last week; Changsha 45# Xianggang is 5900 yuan/ton, down 500 yuan/ton from last week; Wuhan 45# Xianggang is 5640 yuan/ton, down from last week Last week, it fell 590 yuan/ton, and the market price of special steel in Central China continued to fall this week. Affected by macro policy regulation and the sharp downward trend in futures, market prices have continued to fall, and the wait-and-see sentiment is strong; downstream companies are less willing to purchase, traders have closed warehouses for sale, the market is in a state of "price but no market", and transactions are poor. The price has now fallen back to the level before the sharp rise.

Shandong market: The price of Shandong special steel market continued to decline this week. The local special steel price 45# Luli 5650 yuan/ton, Fulun 5600 yuan/ton, Guangfu Dayuan 5850 yuan/ton, Xiwang 5900 yuan/ton, Weigang is 6,000 yuan/ton, and Juneng is 6,050 yuan/ton. The market price dropped rapidly this week, and the market transaction was very light. As of Friday, the transaction has not improved. It is expected that the local market price will continue to decline next week, but the space is limited.

Chongqing market: The overall price of Chongqing special steel market dropped sharply this week. The current market price is 45#5650 yuan/ton, Xining Special Steel 5700 yuan/ton, 40Cr5900 yuan/ton, down 700 yuan/ton from last week, 20CrMnTi6100 yuan/ Ton, chromium molybdenum 6300 yuan/ton. It was down 650 yuan/ton from last week. At present, the total stock of bars in the Chongqing market is 86,000 tons, a decrease of 4,700 tons from last week. This week, Chongqing market prices fell sharply, and market transactions were light. Affected by the decline in external market prices and the sharp decline in building materials prices, Chongqing market prices also fell sharply. In addition, market prices continued to fall, downstream procurement enthusiasm was not high, and transactions were poor. . On the whole, it is expected that next week, Chongqing's special steel market prices will mainly fluctuate at a high level.

3. Summary of price adjustments of special steel mills

From May 15 to May 21, the price adjustments of major special steel mills across the country are as follows: 16 steel mills released price adjustment information in this period, and a total of 28 price adjustment information has been released. During the current period, steel mills adjusted prices. Steel mill prices rose and fell mixed. Next week, we should continue to pay attention to the impact of consumer demand and steel plant maintenance.

4. Social inventory performance of excellent special steel

The total inventory of the national premium special steel bar samples was 793,700 tons, a decrease of 42,200 tons from the previous month, a decrease of 5.05%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 353,300 tons, a decrease of 31,200 tons from the previous month, a decrease of 8.11%.

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

Based on the above situation, the price of high-quality steel fell sharply this week, and the north-south spread gradually narrowed to 60. In terms of transaction volume, affected by the continued decline in prices, traders are currently willing to ship goods, but downstream customers continue to wait and see. In terms of inventory, steel mill inventories and traders' inventories continued to decline. Traders were willing to take goods at the beginning of the month. However, as prices and shipment levels were affected, traders' inventories decreased.