Weekly summary:2020 China Bearing Steel market trend in second week of December down 4.23%

Weekly summary:2020 China Bearing Steel market trend in second week of December down 4.23%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties rose sharply this week, with 45# closing at 4558 yuan/ton, up 155 yuan/ton from last week, 40Cr at 4796 yuan/ton, up 154 yuan/ton from last week, and 20CrMnTi at 4898 yuan/ton. Compared with last week, it was up 180 yuan/ton, and CrMo closed at 5,112 yuan/ton, up 155 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 170-250 yuan/ton, of which Hangzhou received 4680 yuan/ton, an increase of 170 yuan/ton compared to last week, and Shandong received 4350 yuan/ton, an increase of 250 yuan/ton compared to last week. , The leading city price difference is 330 yuan/ton.

Zhejiang market: This week, the price of Zhejiang special steel market rose 170 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. This week, the market prices were mainly rising. Japanese-priced steel mills Oriental Special Steel and Hangzhou Steel continued to rise, and market traders were better to follow the rise in shipments. In terms of steel mills, the impact of centralized maintenance has gradually emerged, and market resources are tight; in terms of resources, southern steel mills ship a large number of shipments to the Zhejiang region, but the shortage of resources in mainstream steel mills is temporarily less affected. On the whole, the Zhejiang special steel market is expected to continue to rise slightly next week.

Jiangsu market: This week, the market price of Jiangsu special steel rose by 130-180 yuan/ton, and the current market mainstream prices are Huaigang 4680 yuan/ton, Oriental Special Steel 4590 yuan/ton, and Hangzhou Iron & Steel 4660 yuan/ton. In terms of the market, traders’ inventories are still at a low level, and market transactions are performing fairly well, with the average daily shipments of large households being around 5,000 tons. According to statistics, the current total stock of bars in Jiangsu You Special Steel Plant is 267,400 tons, a decrease of 5,300 tons from last week, a decrease of 1.94% from the previous week, and an increase of 27,200 tons from the same period last year, a year-on-year increase of 11.32%. In terms of steel mills, one blast furnace of Changqiang Iron & Steel was overhauled this week. The molten iron was insufficient and the production volume decreased. The other steel plants were operating normally. In terms of prices, the prices of Huaigang and Zhongtian steel mills with ten-day fixed prices continued to rise by 150 yuan/ton, and the daily fixed price of Oriental Special Steel increased by 140 yuan/ton. Traders’ high cost to warehouses and prices continued to rise. Regarding the price trend next week, considering that there are not many market resources, steel mills have introduced price policies to continue to push up, and it is expected that short-term prices may continue to rise slightly.

Shandong market: The market price of Shandong special steel has risen sharply. Now 45# Luli is 4350 yuan/ton, Fulun 4350 yuan/ton, Guangfu 4370 yuan/ton, Xiwang 4330 yuan/ton, Weigang 4450 yuan/ton , Qinggang 4480 yuan/ton, Juneng 4450 yuan/ton. Market prices continued to rise sharply this week, steel mills have few inventories, market resources are tight, and merchants are cautious in shipping. This week, the price rose too fast, the market sentiment was overheated, and merchants were cautious in selling. 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 rose sharply. Zhengzhou 45# Jinan Steel is 4650 yuan/ton, an increase of 50 yuan/ton from last week; Changsha 45# Xianggang Steel is 4530 yuan/ton, which is an increase of 180 yuan/ton compared with last week; Wuhan 45# Xianggang Steel is 4400 yuan/ton, which is higher than last week. Last week it rose 170 yuan/ton. In the early stage, traders focused on shipments, and prices were steadily rising; at the end of the week, market prices rose rapidly due to the price adjustment policies of steel mills. At present, the market price of high-quality special steel in Central China is at a high level, the cost of downstream terminal enterprises is relatively high, and the market transactions are average; 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 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#4480 yuan/ton, an increase of 150 yuan/ton from last week, and Xining special steel is 4,530 yuan/ton, an increase of 150 yuan/ton from last week. , 40Cr4680-4730 yuan/ton, up 150 yuan/ton from last week, 20CrMnTi4780-4830 yuan/ton, up 150 yuan/ton from last week, chromium molybdenum 5130 yuan/ton. This is an increase of 150 yuan/ton from last week. The price of local premium special steel has risen sharply. The current total stock of bars in the Chongqing market is 105,000 tons, a decrease of 10,400 tons from last week. The inventory is gradually decreasing. This week, affected by the price adjustment of steel mills and the increase in external market prices, market prices have rapidly increased , Traders are supported by cost pressures and 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

12.5-12.11 The price adjustments of major premium special steel mills across the country are as above: A total of 17 steel mills released price adjustment information during this period, and a total of 36 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 591,300 tons, a month-on-month decrease of 30,600 tons, or 4.23%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 368,100 tons, an increase of 13,100 tons or 3.69% month-on-month.

5. The market price of special steel will move up slightly next week

Based on the above situation, the price of high-quality special steel products nationwide rose sharply this week. At present, the prices of mainstream high-quality special steel bars are at a high level, and traders focus on shipments. The trading atmosphere is good and the transactions are fair. Steel mill inventories have fallen for six consecutive weeks, and pressure on the supply side has eased. The centralized maintenance of mainstream steel mills has led to a shortage of market resources, coupled with the increase in price policies introduced by steel mills, it is expected that the market price of special steel will move upward slightly next week.