Weekly summary:2020 China Bearing Steel market trend in fourth week of August up 0.81%

Weekly summary:2020 China Bearing Steel market trend in fourth week of August up 0.81%

1. The price of mainstream varieties of excellent special steel

This week, the prices of mainstream premium special steels rose slightly. Among them, 45# closed at 4120 yuan/ton, up 17 yuan/ton from last week, 40Cr closed at 4359 yuan/ton, up 17 yuan/ton from last week, and 20CrMnTi closed at 4481 yuan/ton. Compared with last week, it was up 28 yuan/ton, and CrMo closed at 4,724 yuan/ton, up 26 yuan/ton from last week.

2. The main market prices and spread performance of special steel

This week, the adjustment range of the major market prices of premium special steel nationwide was around 20 yuan/ton, of which Hangzhou received 4140 yuan/ton, an increase of 20 yuan/ton compared to last week, and Shandong’s 3860 yuan/ton increased by 20 yuan/ton compared to last week. The city price difference is 280 yuan/ton.

Zhejiang market: Zhejiang special steel market rose slightly, Hangzhou Steel 45# 4140 yuan/ton, Huaigang 4150 yuan/ton; Nangang 4130 yuan/ton, Yuanli Steel Plant’s direct issue price was 4150 yuan/ton; Dongfang Special steel is 4120 yuan/ton. The market price has maintained an upward trend this week. Market traders’ inventories continue to accumulate and the transaction is weak. At the beginning of the week, market traders’ quotations were stable and transactions were generally stable; mid-week and Japanese-priced steel mills rose slightly by 10, the market actively followed up, and the transaction was weak; at the end of the week, the price of steel mills in Jiangsu and Zhejiang increased by 50 yuan/ton, and the market was not smooth. See volatility. At present, the market inventory level is getting higher, and the price upward is affected by the transaction situation. If the transaction situation does not improve in the short term, the price may be corrected. The Zhejiang special steel market is expected to operate weakly and steadily next week.

Jiangsu market: This week, the price of Jiangsu special steel market stabilized first and then rose. The current market Huaigang 45# carbon structure steel reported 4140 yuan/ton, up 20 yuan/ton from last week, and Dongfang Special Steel 45# carbon structure steel reported 4100 yuan/ton, up 10 yuan/ton from last week. Traders' inventories were basically the same as last week, and large local households' inventories are now at 5,000-31,000 tons. This week, the trading situation of traders continued to be light, and the average daily shipment of large households this week was 300-3000 tons. According to statistics, the current total stock of bars in Jiangsu You Special Steel Plant is 291,900 tons, an increase of 3,300 tons from last week’s inventory, an increase of 1.14% from the previous week, and a decrease of 38,700 tons from the same period last year, a year-on-year decrease of 11.70%. normal production. At present, downstream demand is weak and steel mills are willing to support prices. Supported by cost pressures, it is expected that the local premium special steel market prices may continue to consolidate at a high level next week.

Shandong market: The price of structural steel in Shandong has increased partially, 45# Luli 3860 yuan/ton, Fulun 3850 yuan/ton, Guangfu 3890 yuan/ton, Xiwang 4030 yuan/ton, Weigang 3990 yuan/ton, Qing Steel is 4020 yuan/ton, and giant energy is 4,000 yuan/ton. The sales of Luli and Fulun were not good this week, and it was difficult for steel mills to push up. The market price was relatively stable, between 3850-3860 yuan/ton, and short-term increase was difficult. The market prices of other Weifang Special Steel, Juneng Special Steel, and Xiwang Special Steel increased slightly by 20-30 yuan/ton due to the increase in their ex-factory prices. Recently, local transactions have been relatively stable, and the market has insufficient momentum for growth. It is expected that the prices of local premium special steels may rise steadily and slightly next week.

Central China market: This week, the market price of special steel in Central China rose slightly, and the market shipments were poor. Now Zhengzhou 45# Jinan Iron and Steel 4300 yuan/ton, up 20 yuan/ton from last week, Changsha Xianggang 4100 yuan/ton , Which is up 20 yuan/ton from last week, and Wuhan Xianggang is 4,000 yuan/ton, up 40 yuan/ton from last week. The recent market shipment situation is poor, and the market price follows the factory price of the steel mill. Today, the price of Xiangtan Iron and Steel is flat, and the price of Jinan Iron and Steel may increase slightly. Supported by cost pressures, it is expected that the Huazhong special steel market may continue to consolidate at a high level next week.

Chongqing Market: The market price of Chongqing special steel is temporarily stable this week. The current market price is 45#4150 yuan/ton, Xining Special Steel 4220 yuan/ton, 40Cr4400-4470 yuan/ton, 20CrMnTi4500-4550 yuan/ton, chromium molybdenum 4850- 4900 yuan/ton. Recently, shipping resources have been concentrated, and market inventories have continued to rise. Chongqing's special steel inventory has increased by 5.53 million tons from the previous month. In August, there were many high-temperature holidays in the lower reaches of the local area, and market sales were relatively weak. The enthusiasm for raising prices was not high. However, under the impetus of price hikes by steel mills, local short-term special steel prices may still rise. It is expected that the local premium special steel prices will rise slightly next week.

3. Price adjustment exchange rate of special steel mills

From August 15 to August 21, the price adjustments of major special steel mills across the country are as above: a total of 13 steel mills released price adjustment information in this period, and a total of 13 price adjustment information has been released. In this period, the price adjustment of steel mills is mainly to increase. Next week, we will continue to pay attention to the impact of consumer demand and steel mill maintenance.

4. Social inventory performance of excellent special steel

The total social inventory of premium special steel nationwide was 718,100 tons, a month-on-month increase of 5,800 tons, an increase of 0.81%.

The weekly trading volume of the national high-quality special steel bar sample enterprises was 299,800 tons, a decrease of 22,800 tons from the previous month, or 7.06%.

5. The excellent special steel market will consolidate next week

Judging from the above situation, the market price of high-quality special steel in major regions of the country rose slightly this week, but the market social transactions were poor, and social inventories increased slightly. Today, mainstream steel mills across the country introduced a new round of price policies, all of which raised their ex-factory prices. Supported by cost pressures, it is expected that the national premium steel prices may continue to consolidate at a high level next week.