Weekly summary:2020 China Bearing Steel market trend in third week of December down 1.97%

Weekly summary:2020 China Bearing Steel market trend in third week of December down 1.97%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties continued to rise sharply this week, with 45# closing at 4,712 yuan/ton, up 154 yuan/ton from last week, 40Cr closing at 4,943 yuan/ton, up 147 yuan/ton from last week, and 20CrMnTi closing at 5071 yuan/ton. Tons rose 173 yuan/ton from last week, and CrMo closed at 5263 yuan/ton, up 151 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 nationwide are around 160 yuan/ton, of which Hangzhou received 4,840 yuan/ton, an increase of 160 yuan/ton from last week, and Shandong’s income was 4510 yuan/ton, an increase of 160 yuan/ton from last week. The city price difference is 330 yuan/ton.

Zhejiang market: This week, the price of Zhejiang special steel market rose 330 yuan/ton. The mainstream price of 45#Φ30 and above in Hangzhou market is 4840 yuan/ton Huai 4840 yuan/ton South 4840 yuan/ton, Yuanli (direct delivery) 4,830 yuan/ton Zhongtian 4470 yuan/ton Dongfang 4470 yuan/ton, 40Cr Hang 5,050 yuan/ton, 5,080 yuan/ton; chromium molybdenum 5,250 yuan/ton gear, Laiwu Steel, 5150 yuan/ton. This week, the market prices are mainly rising. Japanese-priced steel mills Oriental Special Steel and Hangzhou Steel have continued to rise. Market traders are 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, it is expected that the Zhejiang special steel market will continue to rise next week.

Jiangsu market: This week, the market price of Jiangsu special steel rose by 170 yuan/ton. The current market mainstream prices are Huaigang 4850 yuan/ton, Oriental Special Steel 4780 yuan/ton, and Hangzhou Iron & Steel 4830 yuan/ton. In terms of the market, traders’ inventories are operating at a low level, and market transactions have performed 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 267,800 tons, an increase of 4 million tons from last week, an increase of 0.15% month-on-month, and an increase of 26,600 tons from the same period last year, an increase of 11.3% year-on-year. 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 market expects that the steel mill Huaigang will be priced in ten days, and the ex-factory prices of Zhongtian and other companies will continue to rise in the second ten days. In addition, the current market lack of mainstream specifications, stimulated by rising costs and low inventory, is expected to continue to rise in the special steel market next week.

Shandong market: Shandong special steel market prices continue to rise, now 45# Luli 4510 yuan/ton, Fulun 4500 yuan/ton, Guangfu 4480 yuan/ton, Xiwang 4450 yuan/ton, Weigang 4630 yuan/ton , Qinggang 4650 yuan/ton, Juneng 4630 yuan/ton. The market soared this week, and steel mill inventories increased slightly, but the increase was small, market resources were still tight, and merchants were reluctant to sell. It is expected that the local premium special steel prices will continue to rise next week.

Central China market: This week, the price of the special steel market in Central China continued to rise significantly. Zhengzhou 45# Jinan Steel is 4730 yuan/ton, up 80 yuan/ton from last week; Changsha 45# Xianggang 4680 yuan/ton, up 150 yuan/ton from last week; Wuhan 45# Xianggang 4580 yuan/ton, up from last week Last week it rose by RMB 180/ton. This week, the market price of special steel in Central China was affected by the price adjustment policy of the leading steel mills, and the price gradually increased. At present, prices continue to be at a high level, and the market's mainstream supply specifications are insufficient, and resources are tight. In the short term, there is still room for market prices to rise. On the whole, it is expected that the market price of Huazhong special steel will continue to rise next week.

Chongqing market: The market price of Chongqing special steel continued to rise this week. The current market price is 45#4650 yuan/ton, an increase of 170 yuan/ton from last week, and Xining special steel is 4700 yuan/ton, an increase of 170 yuan/ton from last week. , 40Cr4850-4900 yuan/ton, up 170 yuan/ton from last week, 20CrMnTi4950-5000 yuan/ton, up 170 yuan/ton from last week, chromium molybdenum 5300 yuan/ton. This is an increase of 170 yuan/ton from last week. Local premium special steel prices have risen sharply. Currently, the total stock of bars in the Chongqing market is 100,000 tons, a decrease of 4,400 tons from last week. The inventory is gradually decreasing. This week, due to the increase of ex-factory prices by steel mills and the increase in prices in the external market, prices have increased significantly. Under the support of cost pressure, traders tend to rise but harder to fall, and the sentiment of raising prices is higher. The local premium special steel market is expected to rise slightly next week.

3. Summary of price adjustments of special steel mills

12.12-12.18 The price adjustments of major high-quality special steel mills nationwide are as above: A total of 8 steel mills released price adjustment information in this period, and they released a total of 21 price adjustment information. 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 677,700 tons, a decrease of 13,600 tons from the previous month, a decrease of 1.97%.

The transaction volume of sample enterprises of high-quality special steel bar products nationwide was 409,700 tons, an increase of 41,600 tons from the previous month, an increase of 11.32%.

5. The market price of special steel will continue to move upward next week

Based on the above situation, the price of high-quality special steel products nationwide rose sharply this week. At present, steel mill inventories continue to be low and market resources are tight. Social transaction volume has risen sharply, traders are actively shipping goods, and the market trading atmosphere is good. In the short term, the market price of special steel still has room to rise, and the trend that special steel is better than ordinary steel will continue. It is expected that the market price of excellent special steel will continue to move upward next week.