Weekly Summary:2021 China Bearing Steel Market Trend in Fourth Week of July Will Up 0.93%

Weekly Summary:2021 China Bearing Steel Market Trend in Fourth Week of July Will Up 0.93%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties continued to rise slightly this week, with 45# closing 5550 yuan/ton up 51 yuan/ton compared to last week, 40Cr closing 5775 yuan/ton up 50 yuan/ton compared to last week, 20CrMnTi closing 5883 yuan/ton Compared with last week, it was up 60 yuan/ton, and CrMo closed at 6,174 yuan/ton, up 51 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 5620/ton, and Shandong received 5,460 yuan/ton. The price difference between the leading cities was 160 yuan/ton.

Zhejiang market: Zhejiang special steel market prices continued to rise this week. The mainstream price above 45#Φ30 is Hang 5620 yuan/ton Huai 5630 yuan/ton South 5600 yuan/ton, Yuanli (direct delivery) 5590 yuan/ton Zhongtian 5600 yuan/ton Dongfang 5550 yuan/ton. On the market side: the overall market turnover this week was average, and the demand from downstream enterprises has not yet started. The overall market inventory is still at a high level, but the market mentality is generally stable, and traders generally operate at stable prices and deliver goods. The price rise and weakness are beginning to show, and the market has fallen to a certain extent in the middle of the week, but the steel mills are willing to stand up to the price, and the macroeconomic policies have an impact on the market mentality.

Jiangsu market: The market price of Jiangsu special steel continued to rise this week, and the mainstream price of 45#Φ30 is now 5600 yuan/ton for Huaigang, Dongfang Special Steel Plant raises 5520 yuan/ton, Hangzhou Steel 5550 yuan/ton, 40Cr Huaigang 5840 Yuan/ton, gear Laiwu Steel is 5810 Yuan/ton, Chromium Molybdenum Laiwu Steel is 6050 Yuan/ton. In terms of steel mills, the total stock of bars in Jiangsu You Special Steel Plant was 469,000 tons, an increase of 11,100 tons from last week, an increase of 2.42% from the previous week, and an increase of 170,200 tons from the same period last year, an increase of 56.96% from the same period last year. In terms of the market, due to the impact of restricted production, prices in Shandong have risen, resources are difficult to move south, and the overall supply is reduced. It is expected that prices will continue to rise steadily next week.

Central China market: This week, the price of the special steel market in Central China rose slightly. Zhengzhou 45# Jinan Steel is 5750 yuan/ton, up 150 yuan/ton from last week; Changsha 45# Xianggang 5450 yuan/ton, up 80 yuan/ton from last week; Wuhan 45# Xianggang 5430 yuan/ton, up from last week Last week it rose 100 yuan/ton. At the beginning of the week, the demand side continued to show sluggish performance. Traders' quotations were weak and stable, and small batches were shipped. In the middle of the week, mainstream steel mills' pricing policies increased slightly. In the later period, it turned to wait-and-see, and the market was cold and the overall performance was weak and stable. It is expected that the Huazhong special steel market will continue to weaken the demand tone next week, and the market price will be stable.

Shandong market: This week, the price of Shandong special steel market mainly increased. The local special steel price 45# Luli 5460 yuan/ton, Fulun 5460 yuan/ton out of stock, Guangfu Dayuan 5460 yuan/ton, Xiwang 5530 Yuan/ton, Weigang 5500 Yuan/ton, Juneng 5500 Yuan/ton. This week, the market price has risen mainly, with a cumulative increase of 50-60 yuan/ton. The recent production cuts of Fulun and Guangfu steel mills have reduced market supply, and the market has become more enthusiastic. With the stricter production restriction expectations of steel mills in Shandong Province, the market is expected to be more likely to be out of stock, and the market has a strong bullish mentality. The local premium steel prices are expected to rise slightly next week.

Chongqing market: The overall price of Chongqing special steel market continued to rise this week. The current market price is 45#5450 yuan/ton, Xining Special Steel is 5550 yuan/ton, 40Cr5750 yuan/ton, 20CrMnTi5900 yuan/ton, chromium molybdenum 6350 yuan/ton. At present, the total stock of bars in the Chongqing market is 97,000 tons, which is the same as last week. The price of high-quality steel in the Chongqing market continued to rise this week. In terms of the market: inventory is still at a high level this week, but Shandong Province is expected to restrict production, and northern materials resources are reduced. In addition, market demand in the off-season is poor, downstream purchase enthusiasm is not high, and prices are long-term. On the weak side, it has certain support to the rise of steel prices. In terms of price: the market price continued to rise this week. Affected by the external market and the market's bullish mentality, the market price continued to rise this week. On the whole, it is expected that the local high-quality steel prices will fluctuate strongly next week.

3. Summary of price adjustments by special steel mills

From July 24 to July 30, the price adjustments of major special steel mills across the country are as follows: A total of 7 steel mills released price adjustment information during this period, and a total of 13 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 total inventory of the national premium special steel bar samples was 906,500 tons, a month-on-month increase of 2600 tons, an increase of 0.29%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 327,100 tons, a decrease of 21,000 tons from the previous month, a decrease of 0.64%.

5. The excellent special steel market will continue to operate steadily next week

Based on the above situation, prices continued to rise slightly this week. Affected by other varieties, Youte bars continue to rise slightly. In addition, the maintenance and reduction of steel mills have a certain boosting effect on market prices. However, machinery manufacturing terminal enterprises are affected by multiple factors such as traditional off-season, high temperature holidays, and power curtailment. The end is still constrained. Trader transactions have rebounded compared to June, but the continued accumulation of warehouses is not proportional to a small amount of shipments, and traders’ inventories are still at a high level. In summary, it is expected that the price of excellent steel will continue to run steadily next week.