Weekly summary:2020 China Bearing Steel market trend in first week of October decrease 0.82%

Weekly summary:2020 China Bearing Steel market trend in first week of October decrease 0.82%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties continued to rise this week, with 45# closing 4123 yuan/ton up 29 yuan/ton from last week, 40Cr closing 4369 yuan/ton up 25 yuan/ton from last week, and 20CrMnTi closing 4478 yuan/ton. Last week it rose 31 yuan/ton, and CrMo closed at 4736 yuan/ton, up 37 yuan/ton from last week.

2. The main market prices and spreads of special steel

This week, the major market price adjustments for high-quality special steel nationwide are around 60 yuan/ton, of which Hangzhou received 4,160 yuan/ton, an increase of 60 yuan/ton compared to last week, and Shandong received 3810 yuan/ton, unchanged from last week. The dominant city price difference is 350. yuan / tonne.

Zhejiang market: Zhejiang special steel market rose 30-40 yuan/ton. The current Hangzhou market is 4,160 yuan/ton, Hangzhou Steel, 4170 yuan/ton, Nangang 4,160 yuan/ton, Yuanli (direct) 4,100 yuan/ton, Zhongtian 4100 yuan/ton, 4,100 yuan/ton, 40Cr Hangzhou 4380 yuan/ton Huai is 4410 yuan/ton; chromium molybdenum is 4630 yuan/ton gear and Laiwu Steel is 4410 yuan/ton. The market transaction level dropped slightly this week. Traders’ overall quotations were mainly for stable shipments. At the end of the week, a small amount of northern resources directly delivered goods at lower prices, and the market dropped slightly. The overall shipment level of Zhejiang's excellent steel market around National Day is relatively good. Recently, downstream procurement has slowed down, and it remains to be seen whether demand will continue to decline. In terms of steel mills: local mainstream steel mills have received normal resources recently, while small-sized resources are slightly less; some northern steel mills have recently continued to receive goods and need to pay attention to its impact on market prices. On the whole, the market price of Zhejiang special steel is expected to consolidate next week.

Jiangsu market: This week, the price of Jiangsu special steel market first rose and then stabilized. The current market Huaigang 45# carbon structure steel reported 4150 yuan/ton, up 150 yuan/ton from last week, and Dongfang Special Steel 45# carbon structure steel reported 4,070 yuan/ton, an increase of 120 yuan/ton from last week. Traders' inventories have basically increased slightly from last week, and now large local households have inventories of 6000-40000 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 327,100 tons, an increase of 22,100 tons from last week's inventory. The local leading steel plants are all producing normally. Prices in the surrounding market declined slightly. At present, traders in the market are mainly shipping products. It is expected that the local high-quality special steel market prices or weak consolidation will be the main focus next week.

Central China market: This week, the market price of special steel in Central China is generally stable, and the market shipment situation is relatively 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 4,050 yuan/ton, up 80 yuan/ton from last week. This week, the price of special steel in Wuhan in Central China has risen, while prices in other regions are temporarily stable. Market traders’ shipments are generally in general. At present, the market is mainly waiting and see. It is expected that the market of special steel in Central China may consolidate next week.

Shandong market: The price of structural steel in Shandong first declined and then rose. Now 45# Luli is 3810 yuan/ton, Fulun is 3810 yuan/ton, Guangfu is 3820 yuan/ton, Xiwang is 3930 yuan/ton, and Weigang is 3980 yuan/ton. , Qinggang 4030 yuan/ton, Juneng 3980 yuan/ton. This week, Shandong prices fell first and then rose. At the beginning of the week, market prices rose. At the beginning of the week, market confidence was insufficient and sales prices fell slightly. This week, Shandong special steel mills total bar stocks of 230,600 tons, a decrease of 5,100 tons from October 8. The current market shipments are the main products, and it is expected that the local special steel prices may consolidate next week.

Chongqing Market: The market price of Chongqing special steel increased slightly this week. The current market price is 45#4080 yuan/ton, Xining Special Steel 4180 yuan/ton, up 50 yuan/ton from last week, and 40Cr44100-4460 yuan/ton. Last week, it rose 30 yuan/ton, 20CrMnTi4550-4600 yuan/ton, and chromium molybdenum 4900-4950 yuan/ton. The price of local high-quality special steel has risen slightly. At present, the total stock of bars in the Chongqing market is 125,200 tons, and the inventory has increased significantly. Traders mainly focus on shipments. It is expected that the price of local high-quality special steel will be weak and consolidate next week.

3. Summary of price adjustments of special steel mills

From October 11th to October 16th, the price adjustments of major special steel mills across the country are as above: 15 steel mills released price adjustment information in this period, and a total of 18 price adjustment information has been released. In this period, steel mills adjusted prices and 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 social inventory of premium special steel nationwide was 801,900 tons, a month-on-month decrease of 6,600 tons, a decrease of 0.82%.

The weekly trading volume of sample enterprises of national premium special steel bars was 351,400 tons, an increase of 158,700 tons from the previous month, an increase of 82.35%.

The excellent special steel market will be weak and consolidates in next week

Based on the above situation, the market price first rose and then stabilized this week, and some surrounding market prices fell overcast. Although steel mills are currently willing to raise prices, market traders are mainly shipping inventory reduction. Prices or weak consolidation run.