Weekly Summary:2021 China Bearing Steel Market Trend in First Week of September Will Up 1.25%

Weekly Summary:2021 China Bearing Steel Market Trend in First Week of September Will Up 1.25%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties rose slightly this week, with 45# closing at 5499 yuan/ton, up 68 yuan/ton from last week, 40Cr at 5,725 yuan/ton, up 62 yuan/ton from last week, and 20CrMnTi at 5,823 yuan/ton. Last week, it rose 35 yuan/ton, and CrMo closed at 6123 yuan/ton, up 36 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 5560/ton, and Shandong received 5,400 yuan/ton, with a price difference of 160 yuan/ton in leading cities.

Zhejiang market: The price of Zhejiang special steel market rose sharply this week. The mainstream price above 45#Φ30 is 5560 yuan/ton Huai 5570 yuan/ton South 5550 yuan/ton, Yuanli (direct delivery) 5530 yuan/ton Zhongtian 5550 yuan/ton Dongfang 5490 yuan/ton. On the market side: the overall market transaction was weak this week, 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. 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 is now 5550 yuan/ton for Huaigang, Dongfang Special Steel Plant raises 5460 yuan/ton, Hangzhou Steel 5510 yuan/ton, 40Cr Huaigang 5790 yuan/ton, gear Laiwu 5780 yuan/ton, chromium molybdenum Laiwu steel 6030 yuan/ton. In terms of steel mills, the total stock of bars in Jiangsu You Special Steel Plant was 457,900 tons, a decrease of 28,100 tons from last week, a decrease of 5.78% from the previous week, and an increase of 164,200 tons from the same period last year, a year-on-year increase of 55.91%. In terms of the market, high-quality steel mills have recently reduced production and overhauls, and the supply is tight. It is expected that the market will fluctuate strongly next week.

Central China market: This week, the price of the special steel market in Central China rose. Zhengzhou 45# Jinan Steel is 5600 yuan/ton, up 50 yuan/ton from last week; Changsha 45# Xianggang 5370 yuan/ton, up 10 yuan/ton from last week; Wuhan 45# Xianggang 5330 yuan/ton, compared with last week Last week rose 70 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 rose slightly. In the later period, it turned to wait-and-see, and the market was cold and the overall performance was weak and stable. Affected by natural disasters in Henan, the company is currently in a state of shutdown and production. It is expected that the Huazhong special steel market will continue to weaken the demand tone next week, and the market price will be weak and stable.

Shandong market: This week, the price of Shandong special steel market mainly increased. The local special steel price 45# Luli 5400 yuan/ton, Fulun 5400 yuan/ton, Guangfu Dayuan 5440 yuan/ton, Xiwang 5480 yuan/ Tons, Weigang 5450 yuan/ton, Juneng 5450 yuan/ton. This week, the market price increased mainly, with a cumulative increase of 150 yuan/ton. With the implementation of Shandong's production restriction policy, some steel mills have begun to reduce production and overhaul. Among them, the bar production line of Fulun Steel Plant is in a state of waiting, and there is no resource to enter the market. Guangfu Steel Plant's medium and big rods have also been in a state of discontinuation, mainly for sales and inventory. 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 merchants are more enthusiastic. The local premium steel prices are expected to rise slightly next week.

Chongqing market: The overall price of Chongqing special steel market rose slightly this week. The current market price is 45#5350 yuan/ton, Xining Special Steel is 5480 yuan/ton, 40Cr5680 yuan/ton, 20CrMnTi5830/ton, chromium molybdenum 6300 yuan/ton. At present, the total stock of bars in the Chongqing market is 97,000 tons, a decrease of 7,000 tons from last week. The price of high-quality steel in the Chongqing market continued to rise slightly this week. In terms of the market, inventories are still at a high level this week, the decrease in stocks is slow, the high temperature superimposes the off-season impact, the demand is weakened, the downstream procurement enthusiasm is not high, and traders' shipments are poor. In terms of price: this week, market prices rose slightly, affected by the restricted production policy and steel mills’ increase in ex-factory prices, the peripheral market prices continued to rise, and the Chongqing market prices also rose. However, traders are more cautious and are still in the off-season. In general, the main focus is on lowering the inventory, and the price increase is relatively slow. On the whole, it is expected that the local high-quality special steel market prices will fluctuate strongly next week.

3. Summary of price adjustments by special steel mills

From August 28 to September 3, the price adjustments of major special steel mills across the country are as follows: A total of 13 steel mills released price adjustment information in this period, and a total of 17 price adjustment information has been released. In this period, the price of steel mills is mainly to increase. 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 903,900 tons, a month-on-month decrease of 14,900 tons, a decrease of 1.62%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 329,200 tons, a decrease of 7,700 tons from the previous month, or 2.29%.

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

Based on the above situation, the price of high-quality steel rose slightly at the beginning of the week, and the price in most areas was stable at the end of the week. This week, many steel mills released maintenance information, and the supply of resources will be reduced in the future, but the current market is still in a situation of oversupply. The demand for downstream mechanical engineering is weak, the transactions of traders are weak, and the inventory is gradually accumulating. Overall, the price of excellent steel will remain stable next week.