Weekly summary:2020 China Bearing Steel market trend in fourth week of September increase 0.94%

Weekly summary:2020 China Bearing Steel market trend in fourth week of September increase 0.94%

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 4057 yuan/ton, up 15 yuan/ton from last week, 40Cr at 4311 yuan/ton, up 19 yuan/ton from last week, and 20CrMnTi at 4427 yuan/ton. There was no change last week, and CrMo closed at 4694 yuan/ton from last week.

2. The main market prices and spreads of special steel

This week, the major market price adjustments for premium special steel nationwide were around 30-90 yuan/ton, of which Hangzhou’s 4,000 yuan/ton rose by 90 yuan/ton from last week, and Shandong’s 3750 yuan/ton fell by 30 yuan/ton from last week. , The price difference between leading cities is 250 yuan/ton.

Zhejiang Market: The Zhejiang Excellent Special Steel market rose sharply. Hangzhou Steel 45# is now 4,000 yuan/ton, up 90 yuan/ton from last week; Huaigang 4,000 yuan/ton, up 100 yuan/ton from last week; Nangang 3990 yuan/ton, up from last week Up 90 yuan/ton; Yuanli Steel Plant’s direct issue price was 3990 yuan/ton, an increase of 110 yuan/ton from last week; Dongfang Special Steel was 3970 yuan/ton, an increase of 100 yuan/ton from last week. This week, the Hangzhou market was fair. At the end of the month, affected by the dual factors of the adjustment of the ten-year pricing policy of steel mills and the completion of the progress of trader agreements, market prices have generally risen and are about to return to the mid-month level. On the whole, it is expected that the Zhejiang special steel market may run smoothly after the holiday.

Jiangsu market: This week, the price of Jiangsu special steel market stopped falling and rebounded. The current market Huaigang 45# carbon structure steel reported 4000 yuan/ton, up 90 yuan/ton from last week, and Dongfang Special Steel 45# carbon structure steel reported 3950 Yuan/ton, up 80 Yuan/ton from last week. Traders' inventories are basically the same as last week, and now large local households have 5,000-40,000 tons. Traders' transactions this week are average, and the average daily shipments of large households this week are 500-5,000 tons. According to statistics, the current total stock of bars in Jiangsu You Special Steel Plant is 316,700 tons, which is a decrease of 3,200 tons from last week's inventory. The local leading steel plants are all producing normally. At present, market prices are mainly wait-and-see, and Japan’s leading steel mills have introduced a new round of price policies, which are expected to fall mainly, supported by cost pressures. It is expected that the local premium special steel market prices after the holiday may be mainly consolidating.

Central China market: This week, the market price of special steel in Central China was generally stable, and the market shipment situation was poor. Zhengzhou 45# Jinan Iron and Steel Group is 4,350 yuan/ton, the same as last week, and Changsha Xianggang 4120 yuan/ton, which is the same as last week. Wuhan Xianggang is 3950 yuan/ton, down 20 yuan/ton from last week. This week, the price of special steel in Wuhan in central China dropped slightly, while prices in other regions were temporarily stable. Market traders’ shipments were generally in general. At present, the market is mainly waiting and see. It is expected that the special steel market in Central China may consolidate slightly after the holiday.

Chongqing market: The market price of Chongqing special steel dropped slightly this week. The current market price is 45#4030 yuan/ton, Xining Special Steel 4130 yuan/ton, down 40 yuan/ton from last week, 40Cr4380-4430 yuan/ton, 20CrMnTi4550- 4600 yuan/ton, chromium molybdenum 4900-4950 yuan/ton. The price of local high-quality special steel continued to fall slightly. Recently, there are more new local resources. On Tuesday, local stocks rose to 103,700 tons, an increase of 16,000 tons from last week. It is expected that the local premium steel prices will consolidate.

3. Summary of price adjustments of special steel mills

From September 26 to September 30, the price adjustments of major high-quality special steel mills across the country are as above: A total of 4 steel mills have released price adjustment information in this period, and a total of 4 price adjustment information has been released. During the current period, steel mills adjusted prices and steel mill prices fell mainly. Next week, we should continue to pay attention to the impact of consumer demand and steel plant maintenance.

4. Social inventory performance of excellent special steel

The total social inventory of premium special steel nationwide was 749,100 tons, an increase of 6,900 tons or 0.94% month-on-month.

The weekly transaction volume of sample enterprises of national premium special steel bars was 315,900 tons, an increase of 20,500 tons or 6.93% from the previous month.

The post-holiday premium special steel market consolidates operation

Based on the above situation, the price of high-quality special steel products in the country has rebounded this week. The current market transactions are fair, and steel mill inventories have maintained normal levels. Driven by the "Golden Nine, Silver and Ten" market background, there is still room for the price of high-quality special steel to rise. It is expected that the national premium special steel market prices may consolidate after the holiday.