Weekly summary:2020 China Bearing Steel market trend in fourth week of December down 2.31%

Weekly summary:2020 China Bearing Steel market trend in fourth week of December down 2.31%

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 5041 yuan/ton, up 329 yuan/ton from last week, 40Cr at 5283 yuan/ton, up 340 yuan/ton from last week, and 20CrMnTi at 5443 yuan/ton. Compared with last week, it was up 372 yuan/ton, and CrMo closed at 5658 yuan/ton, up 395 yuan/ton from last week.

2. The main market prices and spreads of special steel

This week, the adjustment range of the major market prices of premium special steel nationwide was around RMB 210-220/ton, of which Hangzhou received RMB 5,050/ton, an increase of RMB 210/ton from last week, and Shandong received RMB 4,730/ton, up RMB 220/ton from last week. , The leading city price difference is 320 yuan/ton.

Zhejiang market: This week, the price of Zhejiang special steel market rose 210 yuan/ton. The mainstream price of Hangzhou market mainstream 45#Φ30 and above is 5050 yuan/ton Huai 5050 yuan/ton South 5050 yuan/ton, Yuanli (direct delivery) 5030 yuan/ton Zhongtian 5050 yuan/ton Dongfang 5050 yuan/ton, 40Cr Hangzhou 5260 yuan / ton Huai 5290 yuan / ton; chrome molybdenum 5650 yuan / ton gear Laiwu Steel 5450 yuan / ton. This week, the market price rose first and then fell. At the beginning of the week, the steel mills Dongfang Special Steel and Hangzhou Iron & Steel continued to rise, and it was better for market traders to follow the rise and mainly ship. In the middle of the week, market transactions were not smooth and prices fell; at the end of the week, the market continued to fall, and the daily price steel mills made up for the decline slightly. 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 consolidate next week.

Jiangsu market: This week, the market price of Jiangsu special steel rose by 200 yuan/ton, and the current market mainstream prices Huaigang is 5,050 yuan/ton, Oriental Special Steel is 5,050 yuan/ton, and Hangzhou Steel is 5,030 yuan/ton. In terms of the market, traders reported that the mainstream market specifications are still in short supply, and downstream demand performance is acceptable. According to statistics, the current total stock of bars in Jiangsu You Special Steel Plant is 273,800 tons, an increase of 6,000 tons from last week, an increase of 2.24% month-on-month, and an increase of 58,400 tons from the same period last year, an increase of 27.11% year-on-year. In terms of steel mills, one blast furnace at Huai Steel was overhauled this week, and the four rolling mills were overhauled for 15 days during the same period; one blast furnace at Changqiang Iron & Steel was overhauled, and the production volume was reduced due to insufficient molten iron; other steel plants were operating normally. In terms of prices, the pricing steel mills Huaigang and Zhongtian introduced a new round of price policies at the beginning of the week. The price of high-quality special steel has risen by 350-400 yuan/ton. The cost of goods acquisition by traders has risen, and the current market resources are insufficient. The price of Jiangsu special steel may continue to run at a high level in the short term.

Shandong market: Shandong special steel market prices have risen and fallen, now 45# Luli 4730 yuan/ton, Fulun 4750 yuan/ton, Guangfu 4520 yuan/ton, Xiwang 4840 yuan/ton, Weigang 4870 yuan/ton , Juneng 4900 yuan / ton. The market price rose sharply on Monday and Tuesday, and the market began to rise and fall on Thursday. After the decline, the shipment of merchants was blocked. It is expected that a slight decline may continue in the short term. The local premium special steel prices are expected to decline slightly next week.

Central China market: This week, the price of the special steel market in Central China rose sharply. Zhengzhou 45# Jinan Steel is 5080 yuan/ton, an increase of 350 yuan/ton from last week; Changsha 45# Xianggang is 5000 yuan/ton, an increase of 320 yuan/ton from last week; Wuhan 45# Xianggang is 4950 yuan/ton, compared with last week Last week rose 370 yuan/ton. In the early stage, affected by the price adjustment policy of leading steel mills, the market price soared, with an increase of about 400 yuan/ton. Downstream companies have low price recognition, low purchase willingness, and poor market transactions. In the later period, traders were under the pressure of cashing out funds, voluntarily adjusted their prices and actively shipped goods. At the end of the week, market prices fell slightly and stabilized. On the whole, subject to cost pressure, it is expected that the market price of Huazhong's special steel market will consolidate at a high level next week.

Chongqing market: The market price of Chongqing special steel increased sharply this week. The current market price is 45#5050 yuan/ton, an increase of 400 yuan/ton from last week, and Xining special steel is 5100 yuan/ton, an increase of 400 yuan/ton from last week. , 40Cr5250-5300 yuan/ton, up 400 yuan/ton from last week, 20CrMnTi 5450 yuan/ton, up 450 yuan/ton from last week, chromium molybdenum 5750 yuan/ton. An increase of 450 yuan/ton from last week. The price of local high-quality special steel has risen sharply. At present, the total stock of bars in the Chongqing market is 91,800 tons, a decrease of 8,700 tons from last week, and the inventory is gradually decreasing. This week, the ex-factory prices of steel mills have risen sharply, and the prices in the external market have also risen sharply. In addition, the inventory in Chongqing has gradually returned to normal levels, and the prices have risen sharply. Traders' shipments are acceptable. The peripheral market fell sharply at the end of the week, and the Chongqing market price stabilized temporarily. Supported by cost pressures, it is expected that Chongqing's special steel market prices will be consolidating at a high level next week.

3. Summary of price adjustments of special steel mills

From 12.19 to 12.25, the price adjustments of major high-quality special steel mills across the country are as above: A total of 17 steel mills released price adjustment information in this period, and a total of 31 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 country’s premium special steel bar samples was 662,000 tons, a month-on-month decrease of 15,700 tons, or 2.31%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 411,800 tons, an increase of 21,000 tons or 0.52% month-on-month.

5. The market price of excellent special steel will consolidate at a high level in next week

Based on the above situation, the special steel market showed a trend of rising and falling this week. Although there was a fall at the end of the week, the overall price was still significantly higher than last week. Steel mill inventories remain at a normal level, but the recent maintenance of some steel mills has affected production, and market resources are still relatively short. Near the end of the year, traders actively shipped goods, mainly cashing out by reducing inventory. In the short term, the "troika" that drives the market price of high-quality special steel-expensive raw materials, high demand, and lack of resources will continue. It is expected that the price of the special steel market will consolidate at a high level next week.