Weekly Summary:2021 China Bearing Steel Market Trend in Second Week of July Will Up 1.65%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steels rose slightly this week, with 45# closing at 5,431 yuan/ton, an increase of 88 yuan/ton compared to last week, 40Cr closing at 5,663 yuan/ton, an increase of 85 yuan/ton compared with last week, and 20CrMnTi closing at 5,788 yuan/ton. Last week, it rose 67 yuan/ton, and CrMo closed at 6087 yuan/ton, up 58 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 5440/ton, Shandong received 5,250 yuan/ton, and the leading city price difference was 190 yuan/ton.

Zhejiang market: The price of Zhejiang special steel market rose sharply this week. The mainstream price above 45#Φ30 is 5440 yuan/ton Huai 5500 yuan/ton South 5440 yuan/ton, Yuanli (direct delivery) 5450 yuan/ton Zhongtian 5440 yuan/ton Dongfang 5400 yuan/ton.

Markets : the market was fair at the beginning of this week, but the subsequent downturn continued, and traders were eager to grab downstream channels and their mentality was unstable.

Downstream: The order situation of downstream companies in different industries is different, the overall purchasing enthusiasm is not good, and the decrease in downstream demand is currently evident. The upstream side currently understands that some steel mills are dissatisfied with the orders. The output in July is expected to be slightly lower than that in June, but the market has a large amount of inventory to digest. The financial problem caused by the high inventory at the current price cannot be ignored. In general, the price of excellent steel is expected to consolidate next week.

Jiangsu market: The market price of Jiangsu special steel continued to rise slightly this week. The mainstream price of 45#Φ30 in Huaigang is now 5460 yuan/ton, Dongfang Special Steel will raise 5350 yuan/ton, Hangzhou Steel 5360 yuan/ton, 40Cr Huaigang 5700 yuan/ton, gear 5700 yuan/ton for Laiwu Steel, 5700 yuan/ton for chromium molybdenum Laiwu Steel.

The total inventory of bars in Jiangsu You Special Steel Plant was 480,000 tons, an increase of 17,300 tons from last week, an increase of 3.74% from the previous week, and an increase of 170,500 tons from the same period last year, an increase of 55.09% year-on-year. In terms of the market, in the traditional off-season, downstream demand is still poor, and factory warehouses and community warehouses are overwhelmed. It is expected that Jiangsu special steel prices will consolidate at a high level next week.

Central China market: This week, the price of the special steel market in Central China rose. Zhengzhou 45# Jinan Steel is 5550 yuan/ton, up 50 yuan/ton from last week; Changsha 45# Xianggang 5360 yuan/ton, up 60 yuan/ton from last week; Wuhan 45# Xianggang 5260 yuan/ton, compared to last week Last week it rose 110 yuan/ton. At the beginning of the week, the market mentality increased due to the influence of the overall market, but the overall mentality of the demand side has not fluctuated. Purchasing is still proceeding step by step. Some downstream companies have gradually turned to wait-and-see due to temporary price increases. The market is cold and the overall performance is weak and stable. It is expected that the tone will remain unchanged next week due to the influence of the external market, but considering the issues of payment collection, warehousing and sales, the market may be accompanied by the possibility of a downturn.

Shandong market: This week, the price of Shandong special steel market increased slightly. The local special steel price 45# Luli 5250 yuan/ton, Fulun 5270 yuan/ton, Guangfu Dayuan 5440 yuan/ton, Xiwang 5480 yuan /Ton, Weigang 5320 yuan/ton, Juneng 5350 yuan/ton. This week, market prices have risen slightly, and steel mills' production restriction policies are expected to affect the market's bullish sentiment. Steel prices have risen mainly. However, the recent terminal demand is in the off-season, and merchants' shipments are still not ideal. It is expected that the price of local high-quality steel will fluctuate strongly next week.

Chongqing Market: The overall price of Chongqing special steel market rose slightly this week. The current market price is 45#5250 yuan/ton, Xining Special Steel 5400 yuan/ton, 40Cr5600 yuan/ton, 20CrMnTi5800 yuan/ton, up 50 yuan/ton from last week. Ton, chromium molybdenum 6250 yuan/ton. At present, the total stock of bars in the Chongqing market is 104,000 tons, a decrease of 10,000 tons from last week. This week, the price of high-quality steel in the Chongqing market continued to rise slightly.

Price : this week market prices rose slightly, the impact of restricted production policy, futures performance strong, peripheral market prices continued to rise, Chongqing market prices also rose, but traders are more cautious, is still in the off-season, general delivery, mainly to reduce warehouses, prices rose more slowly. In summary, it is expected that the local special steel market price fluctuation will be strong next week.

3. Summary of price adjustments by special steel mills

From July 10th to July 16th, the price adjustments of major special steel mills across the country are as follows: A total of 18 steel mills released price adjustment information during this period, and a total of 23 price adjustment information has been released. In this period, steel mills have adjusted prices. Steel mill prices have risen mainly. 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 national total inventory of high-quality special steel bar samples was 918,800 tons, an increase of 2100 tons from the previous month, an increase of 0.23%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 336,900 tons, an increase of 30,500 tons or 9.95% from the previous month.

5. The excellent special steel market will fluctuate next week

Based on the above situation, the price of high-quality steel rose slightly this week. Due to the expected impact of the production restriction policy, the price of steel has moved up strongly this week, and the market has basically recovered. The price of excellent steel is expected to fluctuate strongly next week.