Weekly summary:2020 China Bearing Steel market trend in second week of November decrease 1.98%

1. The price of mainstream products

This week, the prices of mainstream special steel varieties rose sharply. Among them, 45# closed at 4228 yuan/ton, up 87 yuan/ton from last week, 40Cr closed at 4471 yuan/ton, up 86 yuan/ton from last week, and 20CrMnTi closed at 4577 yuan/ton. Compared with last week, it was up 87 yuan/ton, and CrMo closed at 4,826 yuan/ton, up 89 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 across the country are around 70-90 yuan/ton, of which Hangzhou’s income was 4,320 yuan/ton, an increase of 90 yuan/ton from last week, and Shandong’s income was 3930 yuan/ton, an increase of 70 yuan/ton from last week , The leading city price difference is 390 yuan/ton.

Zhejiang market: This week, the price of Zhejiang special steel market rose by about 90-110 yuan/ton. The mainstream prices in the Hangzhou market are currently 4,320 yuan/ton for Hangzhou Iron and Steel, 4320 yuan/ton for Huaigang, 4310 yuan/ton for Nangang, 4,320 yuan/ton for Yuanli (direct), 4290 yuan/ton for Zhongtian, and 4290 yuan/ton for Dongfang. At the beginning of the week, the market price soared; in the middle of the week, as the ex-factory price of the dominant steel mills increased, the market began to rise sharply; at the end of the week, due to the dual pressure of cost and downstream demand, traders' quotations stabilized. This week, the trading atmosphere and transaction situation in the Zhejiang special steel market is better. On the whole, it is expected that the Zhejiang special steel market will consolidate at a high level next week.

Jiangsu market: This week, the market price of Jiangsu special steel increased by 100-130 yuan/ton, and the current market Huaigang 45# carbon structure steel was reported at 4310 yuan/ton, up 100 yuan/ton from last week. Dongfang Special Steel 45# Carbon structure steel reported 4280 yuan/ton, an increase of 130 yuan/ton from last week. Traders' inventories decreased slightly from last week, and now large local households' inventories remain at 5,000-40,000 tons. Traders' transactions this week are average, and the average daily shipments of large households this week are 500-4000 tons. According to statistics, the current total stock of bars in Jiangsu You Special Steel Plant is 315,700 tons, which is a decrease of 40,000 tons compared with last week's inventory. The local leading steel plants are all producing normally. At the beginning of the week, the external market was relatively good. Steel mills increased their ex-factory prices to keep market prices up. The current market is supported by cost pressures. It is expected that the local premium special steel market prices or high-level consolidation will be the main focus next week.

Shandong market: Shandong special steel market prices rose sharply in the first half of the week, and stabilized at a high level in the second half. Now 45# Luli is 3930 yuan/ton, Fulun is 3960 yuan/ton, Guangfu is 3920 yuan/ton, and Xiwang is 4050 yuan/ton. Weigang is 4130 yuan/ton, Qinggang is 4150 yuan/ton, and Juneng is 4130 yuan/ton. The market rose sharply in the first half of the week, and merchants shipped better, but after rising to a high level, shipments began to slow down, and the market price consolidated at a high level in the second half of the week. Although the current market sales are not good, the steel mills have few resources and the market prices are relatively firm. It is expected that the price of local premium special steel will consolidate at a high level next week.

Central China market: This week, the market price of high-quality special steel in Central China has risen sharply, and the market shipment situation is poor. Zhengzhou 45# Jigang is 4450 yuan/ton, up 100 yuan/ton from last week, and Changsha Xianggang 4250 yuan/ton , Which is up 150 yuan/ton from last week, and Wuhan Xianggang is 4,100 yuan/ton, up 90 yuan/ton from last week. Affected by the increase in the ex-factory prices of steel mills, the prices of special steels in Wuhan, Changsha, and Zhengzhou in central China have all risen sharply this week, and shipments by market traders are average. The current market is dominated by shipments, supported by cost pressures. It is expected that the Huazhong special steel market will be the main focus next week.

Chongqing market: The market price of Chongqing special steel rose sharply this week. The current market price is 45#4150 yuan/ton, which is 150 yuan/ton higher than last week, and Xining Special Steel is 4230 yuan/ton, which is 110 yuan/ton higher than last week. , 40Cr4420-4470 yuan/ton, up 70 yuan/ton from last week, 20CrMnTi4550-4600 yuan/ton, chromium molybdenum 4900-4950 yuan/ton. The price of local premium special steel has risen sharply. At present, the total stock of bars in the Chongqing market is 131,800 tons, an increase of 11,100 tons from last week, and the inventory pressure is greater. However, local prices have been at a low level. Affected by the sharp increase in external market prices and the increase of ex-factory prices by steel mills, market prices have followed up. The current market transactions are average, and inventories have been high. In view of this, it is expected that the price of Chongqing special steel market will consolidate next week.

3. Summary of price adjustments of special steel mills

From November 7th to November 13th, the price adjustments of major special steel mills across the country are as above: A total of 16 steel mills released price adjustment information during this period, and a total of 28 price adjustment information has been released. In this period, steel mills are adjusting prices. Steel mill prices are mainly rising. 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 772,300 tons, a month-on-month decrease of 15,600 tons, or 1.98%.

The weekly turnover of sample enterprises of national premium special steel bars was 370,200 tons, an increase of 28,000 tons or 8.19% month-on-month.

5. The special steel market will consolidate at a high level in next week

Based on the above situation, the price of high-quality special steel products nationwide rose sharply this week. Market transactions are fair, and traders’ inventories remain at a normal level. During the week, steel mills increased their ex-factory prices, which caused market prices to rise. However, subject to the pressure of costs and downstream demand, it was more difficult for prices to continue to rise. It is expected that the national premium special steel market prices may consolidate at a high level next week.