Weekly summary:2021 China Bearing Steel market trend in second week of January will be down 3.4%

Weekly summary:2021 China Bearing Steel market trend in second week of January will be down 3.4%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties dropped slightly this week, with 45# closing at 4976 yuan/ton, down 58 yuan/ton from last week, 40Cr at 5229 yuan/ton, down 54 yuan/ton from last week, and 20CrMnTi at 5,483 yuan/ton. Last week, it fell 18 yuan/ton, and CrMo closed at 5,659 yuan/ton, down 37 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 100-130 yuan/ton, of which Hangzhou closed at 4,980 yuan/ton, down 100 yuan/ton from last week, and Shandong received 4,450 yuan/ton, down 130 yuan/ton from last week. , The leading city price difference is 530 yuan/ton.

Zhejiang market: This week, the price of Zhejiang special steel market fell by about 80-130 yuan/ton. The mainstream price of 45#Φ30 and above in Hangzhou market is 4980 yuan/ton Huai 5,000 yuan/ton Nan 5,000 yuan/ton, Yuanli (direct delivery) 4930 yuan/ton Zhongtian 4950 yuan/ton Dongfang 4950 yuan/ton, 40Cr Hangzhou 5190 yuan / ton Huai 5240 yuan / ton; chrome molybdenum 5580 yuan / ton gear Laiwu Steel 5550 yuan / ton. This week, market prices have fallen slowly: as the Spring Festival approaches, downstream companies have gradually stopped work, and demand has weakened; traders’ inventories are slowly accumulating, and the decline in shipments mainly reduces inventories; the north-south spread is at a high level, and low-cost resources directly issued from the north have an impact on the market Larger. On the whole, it is expected that the price of Zhejiang Excellent Steel will be the main focus of weak consolidation next week.

Jiangsu market: This week, the market price of Jiangsu special steel has dropped by 100 yuan/ton. The current mainstream prices in the market are Huaigang 5000 yuan/ton, Dongfang Special Steel 4900 yuan/ton, and Hangzhou Steel 5000 yuan/ton. In terms of market, according to feedback from traders, the downstream capital pressure is greater towards the end of the year, purchasing enthusiasm is reduced, and market transactions are poor. According to statistics, the current total stock of bars in Jiangsu Special Steel Plant is 273,000 tons, a decrease of 9,600 tons from last week, a decrease of 3.4% from the previous week, and an increase of 57,400 tons from the same period last year, an increase of 26.62% from the same period last year. For the later price trend, considering the decline in downstream purchasing enthusiasm, steel mills and market inventories slightly increased, and Shandong's low-cost resources southward will have a certain impact on local steel mill prices, it is expected that the short-term Jiangsu special steel market price consolidation will be the main operation.

Shandong market: The market price of Shandong special steel has dropped sharply. Now 45# Luli is 4450 yuan/ton, Fulun 4420 yuan/ton, Guangfu 4500 yuan/ton, Xiwang 4750 yuan/ton, Weigang 4900 yuan/ton, Giant Energy 4900 yuan/ton. Affected by the Hebei epidemic, it is difficult for resources in Shandong to radiate to Hebei. Customers in Shandong province are affected by natural gas restrictions and price increases, and the downstream operating rate is about 50%. Affected by this, the local market has poor transactions this week and prices continue to decline . However, 45# dropped to about 4400 yuan/ton. Due to the cost of steel mills, there is limited room for further decline. Local structural steel prices are expected to fluctuate mainly before the Spring Festival.

Central China market: This week, the price of the Huazhong premium special steel market operated smoothly. Zhengzhou 45# Jinan Steel is 5100 yuan/ton, unchanged from last week; Changsha 45# Xianggang is 5010 yuan/ton, down 10 yuan/ton from last week; Wuhan 45# Xianggang is 4890 yuan/ton, down from last week 30 yuan/ton. Towards the end of the year, downstream enterprises in the Central China market gradually stopped work, prices were high, demand was small, and transactions were light. Traders shipped their goods due to the fall in funds withdrawn from circulation, and the market was upside down. In the short term, prices are unlikely to fluctuate significantly. It is expected that the price of Huazhong's special steel market will be weak and consolidate next week.

Chongqing market: The market price of Chongqing special steel dropped sharply this week. The current market price is 45#4950 yuan/ton, down 120 yuan/ton from last week, and Xining special steel is 5,000 yuan/ton, down 150 yuan/ton from last week. 40Cr5200 yuan/ton, down 150 yuan/ton from last week, 20CrMnTi5450 yuan/ton, down 50 yuan/ton from last week, chromium molybdenum 5800 yuan/ton. This is down 50 yuan/ton from last week. The price of local high-quality special steel has fallen sharply. The total stock of bars in the Chongqing market is 95,900 tons, an increase of 5,900 tons from last week. Affected by the sharp price drop in the external market this week, coupled with general shipments, sufficient arrival resources, and a small increase in inventory, traders mainly cut prices for shipments. As demand weakens and there are more stocks, prices may fall. Higher. It is expected that the price of Chongqing special steel market will be weak and consolidate.

3. Summary of price adjustments of special steel mills

From January 9th to January 15th, the price adjustments of major special steel mills nationwide are as above: A total of 11 steel mills released price adjustment information in this period, and a total of 12 price adjustment information has been released. During the current period, steel mills adjusted their prices and the prices of steel mills were stable. Next week, we should continue to pay attention to the impact of consumer demand and steel plant maintenance.

4. Social inventory performance of excellent special steel

The total inventory of the national premium special steel bar samples was 745,600 tons, an increase of 41,800 tons from the previous month, an increase of 5.94%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 287,300 tons, an increase of 4,500 tons or 1.61% from the previous month.

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

Based on the above situation, the market price of special steel dropped slightly this week. It is expected that the price of the national premium special steel market will decline slightly next week.