Weekly Summary:2021 China Bearing Steel Market Trend in First Week of August Will down 0.14%

 Weekly Summary:2021 China Bearing Steel Market Trend in First Week of August Will down 0.14%

1. The price of mainstream varieties of excellent special steel

This week, the prices of mainstream premium special steel varieties have been running steadily. Among them, 45# received 5,554 yuan/ton, an increase of 4 yuan/ton compared to last week, 40Cr received 5,775 yuan/ton, an increase of 50 yuan/ton compared to last week, and 20CrMnTi received 5,883 yuan/ton. Last week, it rose 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 5,620/ton, and Shandong received 5,400 yuan/ton, with a price difference of 220 yuan/ton in leading cities.

Zhejiang market: This week, the price of Zhejiang special steel market remained stable. The mainstream price above 45#Φ30 is Hang 5620 yuan/ton Huai 5630 yuan/ton South 5600 yuan/ton, Yuanli (direct delivery) 5600 yuan/ton Zhongtian 5600 yuan/ton Dongfang 5560 yuan/ton. On the market side: the market was generally operating smoothly this week, the demand of downstream enterprises has not yet started, and the transaction situation is average. 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, the market has a certain degree of decline 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 is generally stable this week. The mainstream price of 45#Φ30 is now 5600 yuan/ton for Huaigang, 5540 yuan/ton for Dongfang Special Steel, 5580 yuan/ton for Hangzhou Steel, and 5840 for 40Cr Huaigang. Yuan/ton, gear Laiwu 5830 yuan/ton, chromium-molybdenum Laiwu steel 6100 yuan/ton. In terms of steel mills, the total stock of bars in Jiangsu You Special Steel Plant was 437,000 tons, a decrease of 32,000 tons from last week, a 6.82% decrease from the previous week, and an increase of 148,400 tons from the same period last year, an increase of 51.42% year-on-year. In terms of the market, it is difficult for Beibei to move south recently, and the supply is tight, which has certain support for prices, but downstream demand is still poor. It is expected that the price of Jiangsu special steel will continue to consolidate next week.

Central China market: This week, the mainstream price of the Huazhong premium special steel market has stabilized temporarily. Zhengzhou 45# Jinan Steel is 5630 yuan/ton, up 30 yuan/ton from last week; Changsha 45# Xianggang is 5450 yuan/ton, unchanged from last week; Wuhan 45# Xianggang is 5450 yuan/ton, up from last week move. Due to the epidemic prevention and control requirements in the Zhengzhou market, traders work from home and logistics have a greater impact. No transactions have been made temporarily. Demand in Hubei and Hunan has not recovered yet, and the shipments of traders are still weak. 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 is weak and stable. Local special steel price 45# Luli 5400 yuan/ton, Fulun 5400 yuan/ton out of stock, Guangfu Dayuan 5410 yuan/ton, Xiwang 5530 Yuan/ton, Weigang 5550 Yuan/ton, Juneng 5550 Yuan/ton. This week, the market prices fell slightly and the market transactions were not good. However, the production of Shandong steel mills has been significantly reduced recently, and the supply has been affected, and the market prices have a certain degree of support. It is expected that the local premium steel prices will continue to weaken and stabilize next week.

Chongqing market: The overall price of Chongqing special steel market is generally stable 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 106,000 tons, an increase of 9,000 tons from last week. The price of high-quality steel in the Chongqing market was generally stable this week, and inventories were still at a high level this week. With the advent of the high temperature holiday, market conditions were repeated, transactions were poor, traders had a strong wait-and-see mentality, and the downstream was on holiday and purchasing enthusiasm was not high. In addition, The increase of ex-factory prices by steel mills also has a certain supporting effect on market prices. On the whole, it is expected that the local high-quality steel market prices will fluctuate strongly next week.

3. Summary of price adjustments by special steel mills

From July 31st to August 6th, the price adjustments of major high-quality special steel plants nationwide are as follows: A total of 15 steel plants released price adjustment information during this period, and a total of 15 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 890,600 tons, a month-on-month decrease of 15,900 tons, a decrease of 1.75%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 300.9 million tons, a decrease of 26,200 tons from the previous month, a decrease of 8.01%.

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

Judging from the above situation, prices have been running smoothly this week. Prices fluctuated slightly at the beginning of the week and remained stable at the end of the week. Affected by the epidemic in some regions and flat demand, the trading volume of traders dropped slightly this week. In terms of supply, a total of 15 steel plants were overhauled this month, and the molten iron affected 597,000 tons of steel. The supply of round steel from steel mills decreased. This week, steel mill inventories dropped significantly, and traders' inventories decreased slightly. However, the demand has not yet recovered. The production and sales data of the excavator industry has declined for three consecutive months, and subsequent demand may not rise in the short term. The price of excellent steel is expected to run smoothly next week.