Weekly summary:2020 China Bearing Steel market trend in first week of December down 0.23%

Weekly summary:2020 China Bearing Steel market trend in first week of December down 0.23%

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 at 4,403 yuan/ton, an increase of 69 yuan/ton from last week, 40Cr at 4642 yuan/ton, an increase of 69 yuan/ton from last week, and 20CrMnTi at 4,718 yuan/ton. Last week it rose 55 yuan/ton, and CrMo closed at 4957 yuan/ton, up 65 yuan/ton from last week.

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

This week, the adjustment range of the main market prices of premium special steel nationwide was around 70-80 yuan/ton, of which Hangzhou received 4,510 yuan/ton, an increase of 80 yuan/ton compared to last week, and Shandong received 4,100 yuan/ton, an increase of 70 yuan/ton compared to last week. , The leading city price difference is 410 yuan/ton.

Zhejiang market: This week, the price of Zhejiang special steel market rose 80 yuan/ton. The mainstream price of Hangzhou market is 45#Φ30 and above, the mainstream price is Hang 4510 Huai 4510 South 4510, Yuanli (Straight hair) 4510 Zhongtian 4470 Dongfang 4470, 40Cr Hang 4730 Huai 4760; Chromium Molybdenum 4890 gear Laiwu Steel 4730. At the beginning of the week, the price adjustment of steel mills was mainly based on the increase, and the traders followed the increase. The market transactions were good; the market was running smoothly in the middle of the week, and the traders' shipments were acceptable; the markets of Hangzhou Steel and Dongfang Special Steel rose by 20 yuan/ Tons, the transaction is fair. In December, steel mills had more maintenance and inventory, steel mill inventories continued to decline, pressure on the supply side was slightly reduced, and short-term upward momentum was sufficient. 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 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 5000-40000 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. The increase of ex-factory prices by steel mills caused market prices to rise. Currently, the market is supported by cost pressures.

Shandong market: Shandong special steel market prices continue to rise, now 45# Luli 4100 yuan/ton, Fulun 4100 yuan/ton, Guangfu 4020 yuan/ton, Xiwang 4170 yuan/ton, Weigang 4320 yuan/ton , Qinggang 4320 yuan/ton, Juneng 4320 yuan/ton. This week, market prices continued to rise sharply, steel mills had few stocks, market resources were tight, and merchants were able to deliver goods. The current price is at a high level, and steel mills are cautious about rising. 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 price of the special steel market in Central China continued to rise. Zhengzhou 45# Jinan Steel is 4600 yuan/ton, up 50 yuan/ton from last week; Changsha 45# Xianggang is 4,350 yuan/ton, up 20 yuan/ton from last week; Wuhan 45# Xianggang is 4230 yuan/ton, up from last week Last week it rose by RMB 50/ton. In general, market prices have risen due to the price adjustment policies of steel mills, but the downstream is holding a wait-and-see attitude towards purchases, and the transaction situation is not satisfactory. The current market demand is relatively weak, and traders are subject to cost pressures, and prices are likely to rise but never fall in the short term. It is expected that the price of Huazhong's special steel market will rise slowly next week.

Chongqing Market: The market price of Chongqing special steel continued to rise this week. The current market price is 45#4330 yuan/ton, an increase of 80 yuan/ton from last week, and Xining special steel is 4380 yuan/ton, an increase of 80 yuan/ton from last week. , 40Cr4530-4580 yuan/ton, 80 yuan/ton higher than last week, 20CrMnTi4630-4680 yuan/ton, 30 yuan/ton higher than last week, chromium molybdenum 4950-5000 yuan/ton. This is an increase of RMB 50/ton from last week. Local premium special steel prices continue to rise. The current total stock of bars in Chongqing is 115,000 tons, a decrease of 4,700 tons from last week. The inventory is gradually decreasing, but it is still at a high level. The resources from East China to the local area have decreased, coupled with the increase of ex-factory prices by steel mills, supported by cost pressures, traders have a higher price sentiment, prices tend to rise but never fall, and downstream demand is acceptable. The high-quality steel market in Chongqing is expected to rise slightly next week.

3. Summary of price adjustments of special steel mills

From 11.28 to 12.04, the price adjustments of major high-quality special steel mills across the country are as above: a total of 16 steel mills released price adjustment information in this period, and a total of 24 price adjustment information has been released. 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 721,900 tons, a month-on-month decrease of 1,700 tons, a decrease of 0.23%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 355,000 tons, an increase of 6,100 tons or 1.75% from the previous month.

5. The price of the special steel market will rise steadily in next week

Based on the above situation, the price of premium special steel products nationwide continued to rise this week. The current market transactions are fair, and traders focus on shipments, and the trading atmosphere is good. Steel mill inventories continue to fall, some are out of stock, and some steel mills have overhaul plans from mid-December to affect quantitative bar production. It is expected that the national premium special steel market prices will rise steadily next week.