Weekly summary:2020 China Bearing Steel market trend in third week of November decrease2.08%

Weekly summary:2020 China Bearing Steel market trend in third week of November decrease2.08%

1. The price of mainstream varieties of excellent special steel

This week, the prices of mainstream premium special steels continued to rise slightly. Among them, 45# closed at 4264 yuan/ton, up 37 yuan/ton from last week, 40Cr closed at 4506 yuan/ton, up 36 yuan/ton from last week, and 20CrMnTi closed at 4607 yuan/ton. Tons increased by 32 yuan/ton from last week, and CrMo closed at 4,871 yuan/ton, up 45 yuan/ton from last week.

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

This week, the adjustment range of the major market prices of premium special steel nationwide was around 50-70 yuan/ton, of which Hangzhou received 4,370 yuan/ton, an increase of 50 yuan/ton from last week, and Shandong received 4,000 yuan/ton, an increase of 70 yuan/ton from last week. , The leading city price difference is 370 yuan/ton.

Zhejiang market: This week, the price of Zhejiang special steel market rose by RMB 50/ton. The mainstream prices in the Hangzhou market are currently 4370 yuan/ton for Hangzhou Iron and Steel, 4370 yuan/ton for Huaigang, 4370 yuan/ton for Nangang, 4370 yuan/ton for Yuanli (direct), 4310 yuan/ton for Zhongtian, and 4310 yuan/ton for Dongfang. At the beginning of the week, the market price was stable and the trading atmosphere was poor; in the middle of the week, the prices of Japanese-priced steel mills in Jiangsu and Zhejiang rose slightly, and traders mainly followed the increase, and the transaction improved; at the end of the week, the price adjustment of steel mills with ten-day pricing is still expected to rise, and the market is slightly Pull up, the transaction level is average. On the whole, the Zhejiang special steel market is expected to rise slightly next week.

Jiangsu market: This week, the market price of Jiangsu special steel increased by 40-50 yuan/ton, and the current market Huaigang 45# carbon structure steel reported 4360 yuan/ton, up 50 yuan/ton from last week, Dongfang Special Steel 45# Carbon steel reported at 4,320 yuan/ton, up 40 yuan/ton from last week. Traders' inventories were basically the same as 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 400-4000 tons. According to statistics, the current total stock of bars in Jiangsu You Special Steel Plant is 296,500 tons, a decrease of 19,200 tons from last week. The local leading steel mills are all producing normally. The external market is good this week. The increase of ex-factory prices by some steel mills has caused market prices to continue to rise. It is reported that the ex-factory prices of leading steel mills in Japan may continue to rise. Supported by cost pressures, it is expected that the local premium special steel market prices may continue to consolidate next week. Mainly run upwards.

Central China market: This week, the market price of special steel in Central China rose slightly, and the market shipments were poor. Zhengzhou 45# Jinan Iron and Steel is 4450 yuan/ton, the same as last week, and Changsha Xianggang is 4300 yuan/ton, which is higher than last week. Up 50 yuan/ton, Wuhan Xianggang 4130 yuan/ton, up 30 yuan/ton from last week. Affected by the rising prices in the surrounding markets and the better stimulation of the external markets, the prices of special steel in Wuhan, Changsha, and Zhengzhou in Central China continued to rise slightly this week, and the shipments of market traders were average. At present, the market is still dominated by shipments, supported by cost pressures, and it is expected that the Huazhong special steel market will be the main focus next week.

Shandong market: Shandong special steel market prices continue to rise sharply, now 45# Luli 4000 yuan/ton, Fulun 4000 yuan/ton, Guangfu 3950 yuan/ton, Xiwang 4080 yuan/ton, Weigang 4180 yuan/ Tons, Qinggang 4200 yuan/ton, Juneng 4200 yuan/ton. This week, market prices rose sharply, and market shipments were better. Steel mills have few resources, low inventories and low sales pressure. It is expected that the local premium special steel prices will consolidate at a high level next week.

Chongqing market: The market price of Chongqing special steel rose slightly this week. The current market price is 45#4170 yuan/ton, up 20 yuan/ton from last week, and Xining special steel is 4250 yuan/ton, up 20 yuan/ton from last week. , 40Cr4440-4490 yuan/ton, up 20 yuan/ton from last week, 20CrMnTi4550-4600 yuan/ton, chromium molybdenum 4900-4950 yuan/ton. The price of local premium special steel has risen slightly. At present, the total stock of bars in the Chongqing market is 124,000 tons, a decrease of 7,900 tons from last week. The inventory is gradually decreasing, but it is still at a high level. At the beginning of the week, the shipment was acceptable, and the price rose slightly, but the subsequent shipments were average and there were more local resources. At present, there is a significant reduction in local arrival resources, but the current focus is on digesting inventory. On the whole, it is expected that the price of Chongqing's special steel market will consolidate next week.

3. Summary of price adjustments of special steel mills

From November 14 to November 20, the price adjustments of major special steel mills across the country are as above: a total of 7 steel mills released price adjustment information in this period, and a total of 9 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 inventory of the national premium special steel bar samples was 756,200 tons, a decrease of 16,100 tons from the previous month, a decrease of 2.08%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 362,500 tons, a decrease of 7,700 tons from the previous month, or 2.08%.

5. Next week, the excellent special steel market is weak and consolidates

Judging from the above situation, the market price continued to rise slightly this week, and the market shipment situation was average. The current market inventory is still at a normal level, and steel mills have a strong willingness to raise prices. Supported by cost pressures, it is expected that the price of special steel may continue to consolidate and move upward next week.