Weekly summary:2022 China Bearing Steel market trend in second week of May is running weakly
Weekly summary:2022 China Bearing Steel market trend in second week of May is running weakly
1. Summary
This week, the price of high-quality special steel in the national market is running weakly. As of press time, the national average price of 45# carbon knotted round steel Ф29-85 is 5326 yuan/ton, down 15 yuan/ton from Monday. In the leading market, Hangzhou warehouse offered 5,210 yuan/ton, Wuxi warehouse offered 5,230 yuan/ton, and Shandong Zhifa was 5,110 yuan/ton. The futures disk stopped falling and rebounded, and the transaction was weak. Steel mills: No steel mills have released price adjustment policies this week. Maintenance: No steel mills have issued maintenance policies this week.
2. Price
This week, the price of excellent special steel was weak, and the price of 45# fell by 15 yuan/ton compared with Monday; the rest of the varieties fell by 17-29 yuan.
3. Regional spread
From the perspective of regional spreads, as prices in mainstream cities fell, the spreads expanded slightly.
4. Variety price difference
In terms of the price difference of varieties, the price difference between Puyou in Hangzhou narrowed, the price difference between other regions and rebar widened, and the price in Guangzhou was stable, and the price difference was the same as Monday.
5. Transactions
This week, the national special steel transaction volume was 44,700 tons, an increase of 2,500 tons or 6.02% over Monday's trading day.
6. Conclusion
It is expected that the market price of excellent and special steel will be weaker and weaker next week.
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