Weekly summary:2021 China Bearing Steel market trend in third week of January will be up 1.11%

Weekly summary:2021 China Bearing Steel market trend in third week of January will be up 1.11%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel products fell slightly this week, with 45# closing at 4930 yuan/ton, down 46 yuan/ton from last week, 40Cr at 5194 yuan/ton, down 35 yuan/ton from last week, and 20CrMnTi at 5462 yuan/ton Last week, it fell 21 yuan/ton, and CrMo closed at 5646 yuan/ton, down 13 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 were around 30-80 yuan/ton, of which Hangzhou received 4,900 yuan/ton, down 80 yuan/ton from last week, and Shandong received 4480 yuan/ton, up 30 yuan/ton from last week. , The leading city price difference is 420 yuan/ton.

Zhejiang market: This week, the price of Zhejiang special steel market fell by RMB 80-100/ton. The mainstream price of 45#Φ30 is Hang 4900 yuan/ton Huai 4910 yuan/ton South 4910 yuan/ton, Yuanli (direct delivery) 4840 yuan/ton Zhongtian 4870 yuan/ton Dongfang 4870 yuan/ton, 40Cr Hang 5090 yuan/ton 5150 yuan/ton per ton; 5550 yuan/ton chrome molybdenum/ 5500 yuan/ton gear Laiwu Steel The market continued to fall this week, and transactions were generally weak. The current market inventory status is acceptable. Some traders are still actively shipping and waiting for replenishment opportunities despite high inventory costs. On the downstream side, the overall situation of inventory preparation is relatively small, and the operation is still based on the use and acquisition. Near the end of the month, small companies have started to take holidays one after another, and the market demand is weak. On the whole, it is expected that Zhejiang premium steel prices will remain weak next week.

Jiangsu market: This week, the market price of Jiangsu special steel has dropped by 90 yuan/ton. The mainstream prices of Huaigang are now 4,910 yuan/ton, Dongfang Special Steel is 4,820 yuan/ton, and Hangzhou Steel is 4910 yuan/ton. In terms of the market, the downstream purchasing enthusiasm decreased towards the end of the year, and market transactions were poor. According to statistics, the total stock of bars in Jiangsu You Special Steel Plant is 257,900 tons, a decrease of 15,100 tons from last week, a decrease of 5.53% from the previous week, and an increase of 22,000 tons from the same period last year, a year-on-year increase of 9.33%. Towards the end of the year, downstream purchasing enthusiasm declined, market transactions were poor, and low-priced resources from the north went south, and most traders made upside-down shipments. It is expected that the price of Jiangsu special steel may continue to be weak next week.

Shandong market: The market price of Shandong special steel has risen slightly after bottoming out. Now 45# Luli 4480 yuan/ton, Fulun 4450 yuan/ton, Guangfu 4520 yuan/ton, Xiwang 4750 yuan/ton, Weigang 4900 Yuan/ton, Giant Energy 4900 Yuan/ton. As the Spring Festival approaches, local downstream factories have ceased operations one after another, and sales have declined. Before the Spring Festival, the local premium special steel prices are expected to consolidate.

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 4980 yuan/ton, down 30 yuan/ton from last week; Wuhan 45# Xianggang is 4860 yuan/ton, down from last week 30 yuan/ton. The mainstream steel mills in Central China focus on price adjustment in this round, and market price fluctuations are small. Traders' quotations were stable, and market transactions were average. At present, the price of high-quality special steel is at a high level, and traders are not willing to store in winter. Central China is less affected by low-priced resources. It is expected that the price of Huazhong's special steel market will be weak and consolidate next week.

Chongqing market: Chongqing special steel market prices dropped slightly this week. The current market price is 45#4850 yuan/ton, down 100 yuan/ton from last week, Xining special steel is 5000 yuan/ton, 40Cr5200 yuan/ton, 20CrMnTi5450 yuan/ton Yuan/ton, chromium molybdenum 5800 Yuan/ton. Temporarily stable compared to last week. The price of local high-quality special steel dropped slightly. The current total stock of bars in Chongqing is 90,000 tons, a decrease of 5,900 tons from last week. The shipments this week were general, and the low-cost resources were sufficient. The arrival resources were mainly 45# and 40cr. As the Spring Festival holiday approached, traders mainly paid back funds for shipments. Affected by this, prices dropped slightly this week. However, most steel mills have higher prices and traders' prices are upside down. On the whole, there is limited room for continued decline. It is expected that the price of Chongqing special steel market will consolidate next week.

3. Summary of price adjustments of special steel mills

From January 16 to January 22, the price adjustments of major 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 21 price adjustment information was released. During the current period, steel mills adjusted prices and steel mill prices fell mainly. 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 753,900 tons, an increase of 8,300 tons or 1.11% from the previous month.

This week, the transaction volume of sample enterprises of high-quality special steel bars nationwide was 266,400 tons, a decrease of 20,900 tons from the previous month, or 7.29%.

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. The overall market turnover is weak: traders are shipping upside down, and inventory costs are high; downstream companies have stopped working near the holiday, and part of the operating rate is affected by the epidemic, and demand is sluggish. To sum up, it is expected that next week, the market price of Jiangsu-Zhejiang special steel market will decline slightly, while the price of Shandong special steel market will rise, and the overall national special steel market will be weak and consolidate.