Weekly summary:2020 China Bearing Steel market trend in fifth week of December will be down 1.09%

Weekly summary:2020 China Bearing Steel market trend in fifth week of December will be down 1.09%

1. The price of mainstream varieties of excellent special steel

This week, the prices of mainstream premium special steels fell slightly. Among them, 45# closed at 4955 yuan/ton, down 86 yuan/ton from last week, 40Cr closed at 5206 yuan/ton, down 77 yuan/ton from last week, and 20CrMnTi closed at 5408 yuan/ton. Last week, it fell by 35 yuan/ton, and CrMo closed at 5,625 yuan/ton, down 33 yuan/ton from last week.

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

This week, the major market price adjustments for premium special steel nationwide were around 150-270 yuan/ton, of which Hangzhou’s closing price was 4,900 yuan/ton, down 150 yuan/ton from last week, and Shandong’s 4,460 yuan/ton, down 270 yuan/ton from last week. , The leading city price difference is 440 yuan/ton.

Zhejiang market: This week, the price of Zhejiang special steel market fell 150 yuan/ton. The mainstream price of 45#Φ30 and above in Hangzhou market is 4900 yuan/ton Huai 4900 yuan/ton South 4900 yuan/ton, Yuanli (direct delivery) 4920 yuan/ton Zhongtian 4870 yuan/ton Dongfang 4870 yuan/ton, 40Cr Hangzhou 5110 yuan/ton Huai 51400 yuan/ton; chromium molybdenum 5500 yuan/ton gear Laiwu Steel 5450 yuan/ton. This week, market prices continued to fall. At the beginning of the week, the fixed prices of steel mills Oriental Special Steel and Hangzhou Iron & Steel continued to rise, and it was better for market traders to follow the rise to mainly ship goods. Market transactions in the middle of the week were not smooth and prices fell; the market continued to fall at the end of the week, 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 prices of mainstream steel mills’ shortage of resources are 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 and fell. The mainstream prices of Huaigang Steel are 4,920 yuan/ton, Dongfang Special Steel is 4850 yuan/ton, and Hangzhou Steel is 4900 yuan/ton. In the market, traders reported that most of the mainstream specifications in the market are still in short supply, and steel mills and traders have low inventories. According to statistics, the current total stock of bars in Jiangsu You Special Steel Plant is 259,900 tons, a decrease of 13,900 tons from last week, a decrease of 5.08% from the previous week, and an increase of 50,300 tons from the same period last year, a year-on-year increase of 24%. In terms of steel mills, one blast furnace at Huaigang 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, resulting in insufficient molten iron and reduced production; Dongfang No. 3 Rolling Mill was overhauled; other steel plants were in normal production. In terms of prices, the pricing steel mills Huaigang and Zhongtian introduced a new round of price policies during the weekend. The price of high-quality special steel continued to increase by 150 yuan/ton, and the cost of traders rose. Considering that downstream demand is acceptable and market inventory is low, it is expected After the holiday, prices may rise steadily.

Shandong market: The price of Shandong special steel market has fallen. Now 45# Luli 4460 yuan/ton, Fulun 4400 yuan/ton, Guangfu 4480 yuan/ton, Xiwang 4800 yuan/ton, Weigang 4850 yuan/ton, giant It can be 4850 yuan/ton. This week, downstream users were affected by environmental protection and production restrictions, so purchases plummeted and market prices fell sharply. On the last day of the month, merchants mainly paid back, with fewer sales, and market prices stabilized. After the New Year's Day, the local premium special steel market prices are expected to bottom out and rebound.

Central China market: The Huazhong premium special steel market gradually declined this week. Zhengzhou 45# Jinan Iron and Steel is 5030 yuan/ton, down 50 yuan/ton from last week; Changsha 45# Xianggang is 4930 yuan/ton, down 70 yuan/ton from last week; Wuhan 45# Xianggang 4880 yuan/ton, compared with last week It fell by RMB 70/ton last week. Since the end of last week, it has continued to fall and gradually stabilized. Near the end of the year, traders took the initiative to lower prices to seek shipments for the return of funds, most of the market prices fell, and the transaction situation improved. Subject to the continuous suspension of production and production by downstream companies, it is expected that the market price of Huazhong's special steel market may be weakened next week.

Chongqing market: The market price of Chongqing special steel dropped slightly this week. The current market price is 45#5000 yuan/ton, down 50 yuan/ton from last week, and Xining special steel is 5,050 yuan/ton, down 50 yuan/ton from last week. 40Cr5200-5250 yuan/ton, down 50 yuan/ton from last week, 20CrMnTi 5400 yuan/ton, down 50 yuan/ton from last week, chromium molybdenum 5700 yuan/ton. This is down 50 yuan/ton from last week. The price of local premium special steel dropped slightly. At present, the total stock of bars in the Chongqing market was 101,000 tons, an increase of 8,900 tons from last week. The inventory increased slightly. At the end of the month, Xigang had more resources to arrive. Prices in the external market dropped sharply this week, but local traders were able to deliver shipments. Near the end of the month, traders focused on repatriation of funds from their shipments. Prices were difficult to fall. Affected by the sharp drop in the surrounding markets at the end of the week, the high prices were difficult to maintain. It fell slightly. Affected by high costs, Chongqing's special steel market prices are expected to be weakened and consolidate next week.

3. Summary of price adjustments of special steel mills

From December 26 to December 31, the price adjustments of major special steel mills across the country are as above: A total of 4 steel mills released price adjustment information in this period, and they released price adjustment information 5 times in total. In this period, steel mills adjusted prices and steel mill prices fell and went flat. 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 654,800 tons, a decrease of 7,200 tons from the previous month, a decrease of 1.09%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 364,400 tons, a decrease of 47,400 tons from the previous month, or 11.52%.

5. The prediction of the market price of special steel in next week

Based on the above situation, the market price of special steel continued to show a downward trend this week, and the price is close to the level before the ten-year price adjustment. At present, steel mill inventories have increased, but social inventories have fallen for eight consecutive weeks, and there are still shortages in the market. It is expected that the price of the national premium special steel market will move upward in next week.