Weekly Summary:2021 China Bearing Steel Market Trend in Third Week of June Will down 0.99%

1. Mainstream varieties price of Youte Steel  

The price of mainstream varieties of Youte steel fell slightly this week, of which 45 # received 5611 yuan / ton than last week fell 55 yuan / ton, 40Cr received 5853 yuan / ton than last week fell 58 yuan / ton, 20CrMnTi received 6008 yuan / ton than last week fell 61 yuan / ton, CrMo received 6280 yuan / ton than last week fell 45 yuan / ton.

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 5580 yuan/ton, and Shandong received 5220 yuan/ton, and the leading city price difference was 360 yuan/ton.

Zhejiang market: Zhejiang special steel market prices continued to fall this week. The mainstream price above 45#Φ30 is 5580 yuan/ton Huai 5700 yuan/ton South 5580 yuan/ton, Yuanli (direct delivery) 5580 yuan/ton Zhongtian 5680 yuan/ton Dongfang 5550 yuan/ton. On the market side: this week’s market transactions were sluggish, and traders took the initiative to drop prices to compete for downstream channels. Downstream: According to research, the inventory level of terminal enterprises is currently low and there is a demand for replenishment, but the current market prices are high, and the high cost of end users is difficult to support, affecting the downstream Procurement rhythm. In general, the price of premium steel is expected to continue to fall next week.

Jiangsu market: The market price of Jiangsu special steel fell this week, and the mainstream price of 45#Φ30 is now 5700 yuan/ton for Huaigang, Dongfang Special Steel Plant raises 5520 yuan/ton, Hangzhou Steel 5540/ton, 40Cr Huaigang 5940 yuan / Ton, gear Laiwu 5980 yuan / ton, chromium molybdenum Laiwu steel 6150 yuan / ton. In terms of steel mills, the total stock of bars in Jiangsu You Special Steel Plant was 394,000 tons, an increase of 2900 tons from last week, an increase of 0.74% from the previous week, and an increase of 76,100 tons from the same period last year, an increase of 23.94% year-on-year. In terms of the market, prices fell, downstream demand was poor, overall transaction performance was poor, and steel mill inventories increased slightly. It is expected that the price of Jiangsu special steel will continue to decline slightly next week.

Central China market: This week, the price of the special steel market in Central China continued to fall. Zhengzhou 45# Jinan Steel is 5930 yuan/ton, down 50 yuan/ton from last week; Changsha 45# Xianggang is 5500 yuan/ton, down 50 yuan/ton from last week; Wuhan 45# Xianggang is 5400 yuan/ton, down from last week It fell 40 yuan/ton last week. Due to cost pressures and uncertain market outlook, traders have limited quotations and small market transactions; downstream companies have fewer order resources, lower purchasing intentions, and poor transactions; steel mills are scheduled for production, inventory is at a normal level, and there is no maintenance. Plan, continue to pay attention to relevant policies such as production restriction. On the whole, it is expected that the price of Huazhong's special steel market will be weak and consolidate next week.

Shandong market: The price of Shandong special steel market continued to decline this week. The local special steel price 45# Luli 5220 yuan/ton, Fulun 5200 yuan/ton, Guangfu Dayuan 5310 yuan/ton, Xiwang 5470 yuan/ton, Weigang 5480 yuan/ton, Juneng 5480 yuan/ton. This week, market prices continued to fall, with weak transactions, and pressure on steel mills gradually emerged. It is expected that the local premium steel prices will continue to decline slightly next week.

Chongqing market: The overall price of Chongqing special steel market dropped slightly this week. The current market price is 45#5500 yuan/ton, Xining Special Steel 5600 yuan/ton, 40Cr5800 yuan/ton, 20CrMnTi6000 yuan/ton, and chromium molybdenum 6350 yuan/ton. This is down 50 yuan/ton from last week. At present, the total stock of bars in the Chongqing market is 101,000 tons, an increase of 5,000 tons from last week. The Chongqing market price dropped slightly this week, and the market price fluctuated weakly. At the end of the week, affected by the decline in prices in the external market, the price of local high-quality steel began to fall. Under the support of cost pressures, the room for price drop was limited, but as transactions were light, Demand is gradually shrinking. In the second half of the month, traders are under greater financial pressure, prices are difficult to maintain, and market prices are upside down. On the whole, it is expected that the local premium special steel market prices will continue to fluctuate and run weakly next week.

3. Summary of price adjustments by special steel mills

From June 12 to June 18, the price adjustments of major special steel mills across the country are as follows: A total of 7 steel mills released price adjustment information in this period, and a total of 9 price adjustment information has been released. In this period, steel mills have adjusted prices. Steel mill prices are mainly falling. 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 834,300 tons, a month-on-month decrease of 11,100 tons, a decrease of 0.13%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 312,300 tons, a decrease of 15,000 tons from the previous month, or 0.48%.

5. Youte steel market continued to run smoothly next week  

In summary, this week ’ s high-quality steel prices have declined slightly. In the market, due to the entry into the traditional off-season, the downstream orders are not ideal, and the transmission to traders is a reservoir.  Taken together, prices are expected to continue to fall next week.