Weekly Summary:2021 China Bearing Steel Market Trend in Fourth Week of June Will down 2.78%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties dropped sharply this week. Among them, 45# closed at 5455 yuan/ton, down 156 yuan/ton from last week, 40Cr closed at 5697 yuan/ton, down 156 yuan/ton from last week, and 20CrMnTi closed at 5867 yuan/ton. Last week, it fell 141 yuan/ton, and CrMo closed at 6159 yuan/ton, down 121 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 across the country, closed 5360 yuan/ton, and Shandong received 5120 yuan/ton, and the dominant city price difference was 240 yuan/ton.

Zhejiang market : the price of Zhejiang Youte steel market continued to fall this week.  45 # Φ30 above mainstream prices Hang 5360 yuan / ton Huai 5500 yuan / ton Nan 5360 yuan / ton, Yuanli ( direct ) 5360 yuan / ton Zhongtian 5360 yuan / ton Dongfang 5350 yuan / ton.  Markets : This week ' s downturn continued, and traders ' mindset of falling prices to grab downstream channels is volatile.  Downstream aspect : the orders of downstream enterprises in different industries are different, the overall purchasing enthusiasm is poor, and the reduction of downstream demand is currently obvious.  In the upstream, it is known that some steel plants are dissatisfied with the orders. The production of brands in July is expected to be slightly lower than that in June, but there is a large amount of inventory in the market to be digested. The capital problem caused by high inventory at the current price cannot be ignored.  Overall, prices are 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 5500 yuan/ton for Huaigang, Dongfang Special Steel Plant raises 5300 yuan/ton, Hangzhou Steel 5340 yuan/ton, 40Cr Huaigang 5740 yuan / Ton, gear Laiwu Steel 5800 yuan / ton, chromium molybdenum Laiwu Steel 6030 yuan / ton. In terms of steel mills, the total inventory of bars in Jiangsu You Special Steel Plant was 412,400 tons, an increase of 18,400 tons from last week, an increase of 4.67% from the previous week, and an increase of 72,600 tons from the same period last year, an increase of 21.37% year-on-year. In terms of the market, prices fell this week, downstream demand was poor, market transactions performed poorly, and inventories of steel mills and traders 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 5700 yuan/ton, down 230 yuan/ton from last week; Changsha 45# Xianggang is 5450 yuan/ton, down 50 yuan/ton from last week; Wuhan 45# Xianggang is 5300 yuan/ton, down from last week It fell 100 yuan/ton last week. This week, the Huazhong special steel market had a poor transaction situation, and traders delivered a small amount of shipments. At the beginning of the week, due to the downward adjustment of the ten-year price policy by the mainstream steel mills in the region, the quotations of traders continued to fall. The transaction did not improve, and the price was weakly consolidated in the later period; traders were under heavy inventory and capital pressure, and sentiment was not good; downstream companies had few orders and weak purchasing intentions; steel mills were scheduled for normal production, and inventories rose slightly. On the whole, it is expected that the price of Huazhong's special steel market will continue to fall next week.

Shandong market: The price of Shandong special steel market continued to decline this week. The local special steel price 45# Luli 5120 yuan/ton, Fulun 5100 yuan/ton, Guangfu Dayuan 5210 yuan/ton, Xiwang 5390 yuan/ton, Weigang 5320 yuan/ton, Juneng 5350 yuan/ton. This week, the market price continued to fall, the downstream demand was weak, the merchants' shipments were still sluggish, and the steel price continued to decline. However, the current steel price has fallen near the cost line of steel mills, which has a certain supporting effect on steel prices. It is expected that the price of local high-quality steel will fluctuate mainly next week.

Chongqing Market: The overall price of Chongqing special steel market continued to fall this week. The current market price is 45#5350 yuan/ton, Xining Special Steel 5450 yuan/ton, 40Cr5650 yuan/ton, 20CrMnTi5850 yuan/ton, down 150 yuan/ton from last week Ton, chromium molybdenum 6300 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, which is the same as last week. This week, Chongqing’s special steel market prices continued to fall, downstream demand weakened, traders’ shipments were general, the market’s wait-and-see sentiment was strong, and prices continued to fall. Near the end of the month, traders were under greater financial pressure, most of which focused on shipments, and market prices were serious. Inverted, on the whole, it is expected that the local high-quality special steel market may continue to fall next week, but the downside space is limited.

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 17 steel mills released price adjustment information in this period, and a total of 24 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 the national premium special steel bar samples was 891,400 tons, an increase of 44,200 tons from the previous month, an increase of 5.22%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 248,700 tons, a decrease of 26,800 tons from the previous month, or 9.73%.

5.The shock operation of Youte Steel market next week

 In summary, this week’ s high-quality steel prices fell sharply. In terms of the market, the downstream demand entered a fragmented period, the production and sales data of construction machinery fell, the terminal orders were not ideal, and the steel mills and traders entered a large accumulation stage. Traders have a strong short-sighted mood, and market prices have fallen significantly. However, at present, the raw material price is firm, and the production cost of the steel plant increases, which has a certain supporting effect on the price. It is expected that the price of excellent steel will fluctuate next week.