Weekly summary:2021 China Bearing Steel market trend in first week of January will be up 7.48%

Weekly summary:2021 China Bearing Steel market trend in first week of January will be up 7.48%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steels rose slightly this week, with 45# closing at 5,034 yuan/ton, up 79 yuan/ton from last week, 40Cr at 5,283 yuan/ton, up 77 yuan/ton from last week, and 20CrMnTi at 5,501 yuan/ton. Last week it rose by 93 yuan/ton, and CrMo closed at 5,696 yuan/ton, up 71 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 RMB 120-180/ton, of which Hangzhou received RMB 5,080/ton, an increase of RMB 180/ton from last week, and Shandong received RMB 4,580/ton, an increase of RMB 120/ton from last week. , The leading city price difference is 500 yuan/ton.

Zhejiang market: This week, the market price of Zhejiang special steel increased by 180 yuan/ton. The mainstream price of Hangzhou market is now 45#Φ30 and above mainstream price Hang 5080 Huai 5100 South 5100, Yuanli (Straight hair) 5080 Zhongtian 5030 Dongfang 5030, 40Cr Hang 5290 Huai 5340; Chromium molybdenum 5650 gear Laiwu Steel 5550. This week, the market price rose first and then fell. After New Year's Day, the market rose sharply, and transactions at the beginning of the week were fair; the market prices generally fell in the middle of the week, and transactions were not smooth. Towards the end of the year, the market transaction performance was relatively weak. On the other hand, the northern market grew slowly, and a large number of northern direct hair resources entered the Zhejiang market, squeezing the downstream channels of local traders. In terms of inventory: steel mills and traders’ inventories slowly accumulated. With the weakening of downstream demand, there may be a dark drop in shipments; on the whole, the price of Zhejiang Excellent Steel will consolidate in the near future.

Jiangsu market: This week, the market price of Jiangsu special steel has increased by 180 yuan/ton. The current mainstream prices in the market are Huaigang 5100 yuan/ton, Dongfang Special Steel 4980 yuan/ton, and Hangzhou Steel 5080 yuan/ton. In terms of the market, according to feedback from traders, the current price is high, the acceptance of downstream purchases is not high, and the transaction has weakened compared with last week. According to statistics, the current total stock of bars in Jiangsu You Special Steel Plant is 282,600 tons, an increase of 22,700 tons from last week, an increase of 8.73% from the previous week, and an increase of 73,000 tons from the same period last year, an increase of 34.83% year-on-year. 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. For the later price trend, considering the decline in downstream purchasing enthusiasm, coupled with the low-price resources in the north, the market is weak, and it is expected that the price of Jiangsu special steel will be consolidated next week.

Shandong market: Shandong special steel market prices have risen and fallen, now 45# Luli 4580 yuan/ton, Fulun 4550 yuan/ton, Guangfu 4500 yuan/ton, Xiwang 4750 yuan/ton, Weigang 4900 yuan/ton , Juneng 4900 yuan / ton. At the beginning of this week, affected by the sharp increase in the market price of southern special steel, the market price rose sharply at the beginning of the week. However, due to the restriction of downstream users, the purchase decreased, and the market price continued to decline slightly in the second half of the week. It is expected that downstream demand will gradually weaken before the Spring Festival, sales will continue to decline, and market prices are more likely to fall.

Central China market: This week, the price of special steel in Central China rose slightly. Zhengzhou 45# Jinan Steel is 5100 yuan/ton, an increase of 70 yuan/ton from last week; Changsha 45# Xiangtan Iron and Steel is 5020 yuan/ton, an increase of 90 yuan/ton from last week; Wuhan 45# Xianggang is 4920 yuan/ton, which is more Last week rose 40 yuan/ton. At the beginning of the week, market prices rose somewhat due to the sharp rise in the market in Jiangsu and Zhejiang; in the later period, the lack of momentum for the increase due to unsatisfactory transaction conditions, and subject to cost, prices are unlikely to change much in the short term. At present, traders in the Central China market are generally in a downturn in their shipments, with strong willingness to ship. It is expected that the price of Huazhong's special steel market may be weakened and consolidate.

Chongqing market: The market price of Chongqing special steel rose sharply this week. The current market price is 45#5070 yuan/ton, an increase of 70 yuan/ton from last week, and Xining special steel is 5150 yuan/ton, an increase of 100 yuan/ton from last week. , 40Cr5350 yuan/ton, up 100 yuan/ton from last week, 20CrMnTi 5500 yuan/ton, up 100 yuan/ton from last week, chromium molybdenum 5850 yuan/ton. This is an increase of 150 yuan/ton from last week. The price of local high-quality special steel has risen sharply. At present, the total bar stock in Chongqing market is 90,000 tons, down 10,600 tons from last week, and the inventory is gradually decreasing. This week, steel mills raised their ex-factory prices, traders' costs rose, transactions were fair, and prices were driven by strong momentum. In addition, the steel mills have undergone more centralized inspections this month, the supply of resources has weakened, and prices are unlikely to fall. It is expected that the Chongqing special steel market will be the main focus next week.

3. Summary of price adjustments of special steel mills

From January 2 to January 8, the price adjustments of major special steel mills across the country are as above: A total of 13 steel mills released price adjustment information in this period, and a total of 17 price adjustment information has been released. This period, steel mills adjusted prices, and the prices of steel mills increased mainly.

4. Social inventory performance of excellent special steel

The total inventory of the national premium special steel bar samples was 703,800 tons, an increase of 49,000 tons from the previous month, an increase of 7.48%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 282,800 tons, a decrease of 81,600 tons from the previous month, a decline of 22.39%.

5. The Prediction of the market price of special steel next week

Based on the above situation, the market price of special steel has rebounded this week. It is expected that next week, the national high-quality special steel market will be the main focus of weak consolidation.