Weekly summary:2020 China Bearing Steel market trend in fourth week of November down 4.31%

Weekly summary:2020 China Bearing Steel market trend in fourth week of November down 4.31%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties continued to rise slightly this week, with 45# closing 4334 yuan/ton up 70 yuan/ton from last week, 40Cr closing 4573 yuan/ton up 67 yuan/ton from last week, 20CrMnTi closing 4663 yuan/ton Tons increased by 56 yuan/ton from last week, and CrMo closed at 4,892 yuan/ton, up 21 yuan/ton from last week.

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

This week, the major market price adjustments for premium special steel nationwide are around 30-60 yuan/ton, of which Hangzhou’s income was 4,430 yuan/ton, an increase of 60 yuan/ton from last week, and Shandong’s income was 4,030 yuan/ton, an increase of 30 yuan/ton from last week. , The leading city price difference is 400 yuan/ton.

Zhejiang market: This week, the price of Zhejiang special steel market rose 60 yuan/ton. The mainstream prices in the Hangzhou market are now 4,430 yuan/ton for Hangzhou Iron and Steel, 4430 yuan/ton for Huaigang, 4430 yuan/ton for Nangang, 4430 yuan/ton for Yuanli (direct), 4370 yuan/ton for Zhongtian, and 4370 yuan/ton for Dongfang. At the beginning of the week, the market mainly followed the rise, and the quotations rose actively; the mid-week transaction weakened, and the market price fell darkly; the market price remained stable at the end of the week. 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 50-80 yuan/ton, and the current market Huaigang 45# carbon structure steel reported 4210 yuan/ton, up 50 yuan/ton from last week. Dongfang Special Steel 45# Carbon structure steel reported 4150 yuan/ton, up 80 yuan/ton from last week. Traders' inventories were basically the same as last week, and now large local households' inventories remain at 5,000-41,000 tons. Traders' transactions this week are average, and the average daily shipments of large households this week are 500-4500 tons. According to statistics, the current total stock of bars in Jiangsu You Special Steel Plant is 316,100 tons, a decrease of 13,600 tons from last week's inventory. The local leading steel mills are all producing normally. Recently, the external market has been better, and steel mills have a strong sentiment to increase ex-factory prices. Supported by cost pressures, it is expected that the local premium special steel market prices may continue to consolidate and move upward next week.

Central China market: This week, the price of the special steel market in Central China continued to rise. Zhengzhou 45# Jinan Steel is 4550 yuan/ton, an increase of 100 yuan/ton from last week; Changsha 45# Xianggang is 4330 yuan/ton, which is an increase of 30 yuan/ton from last week; Wuhan 45# Xianggang is 4180 yuan/ton, which is higher than last week. Last week it rose by RMB 50/ton. In the early stage, under the promotion of the mainstream ten-year price-fixing steel mills' price adjustment policies and better external markets, traders followed up; in the later stage, market prices fell due to demand and cost pressures. At present, the market transaction situation is general, and traders mainly focus on shipments. It is expected that the Huazhong special steel market may consolidate at a high level next week.

Shandong market: Shandong special steel market prices continue to rise, now 45# Luli 4030 yuan/ton, Fulun 4050 yuan/ton, Guangfu 4000 yuan/ton, Xiwang 4110 yuan/ton, Weigang 4250 yuan/ton , Qinggang 4260 yuan/ton, Juneng 4250 yuan/ton. Market prices continue to rise this week, steel mills have fewer inventories and few resources. The current prices are in steel mills, and steel mills are cautiously rising. It is expected that the price of local premium special steel will consolidate at a high level next week.

Chongqing market: The market price of Chongqing special steel continued to rise this week. The current market price is 45#4250 yuan/ton, an increase of 80 yuan/ton from last week, and Xining special steel is 4300 yuan/ton, an increase of 50 yuan/ton from last week. , 40Cr4450-4500 yuan/ton, up 10 yuan/ton from last week, 20CrMnTi4600-4650 yuan/ton, up 50 yuan/ton from last week, chromium molybdenum 4900-4950 yuan/ton. The price of local premium special steel continues to rise. The current total stock of bars in the Chongqing market is 120,000 tons, a decrease of 3,900 tons from last week. The inventory is gradually decreasing, but still at a high level. At the beginning of the week, steel mills increased their ex-factory prices and driven by the rising atmosphere in the external market, traders followed the price increase, and the resources invested by East China Steel Mills decreased, which caused traders to increase prices by a large margin, but later shipments were average. Traders are not in a high price sentiment, and market prices have also fallen. It is expected that next week, the market price of Chongqing special steel will be consolidating.

3. Summary of price adjustments of special steel mills

11.21-11.27 The price adjustments of major premium special steel mills across the country are as above: A total of 14 steel mills have released price adjustment information in this period, and they have released price adjustment information 14 times in total. In this period, steel mills adjusted prices and steel mill prices have increased. 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 723,600 tons, a month-on-month decrease of 32,600 tons, a drop of 4.31%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 348,900 tons, an increase of 27,000 tons or 0.78% from the previous month.

5. The excellent special steel market is weak and consolidates in next week

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 gradually decreasing, supported by cost pressures, it is expected that the price of special steel may continue to consolidate and move upward next week.