Weekly summary:2021 China Bearing Steel market trend in fourth week of January will be up 1.30%

Weekly summary:2021 China Bearing Steel market trend in fourth week of January will be up 1.30%

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 4,963 yuan/ton, up 33 yuan/ton from last week, 40Cr at 5226 yuan/ton, up 32 yuan/ton from last week, and 20CrMnTi at 5468 yuan/ton. Last week it rose 10 yuan/ton, and CrMo closed at 5671 yuan/ton, up 25 yuan/ton from last week.

2. The main market prices and spreads of special steel

This week, the adjustment range of the main market price of premium special steel nationwide was around 60-120 yuan/ton, of which Hangzhou received 5,020 yuan/ton, an increase of 120 yuan/ton from last week, and Shandong’s 4540 yuan/ton, an increase of 60 yuan/ton from last week. , The leading city price difference is 480 yuan/ton.

Zhejiang market: This week, the price of Zhejiang special steel market rose by about 100 yuan/ton. The mainstream price of 45#Φ30 and above is Hang 5020 yuan/ton Huai 5030 yuan/ton South 5020 yuan/ton, Yuanli (direct delivery) 5000 yuan/ton Zhongtian 4950 yuan/ton Dongfang 4950 yuan/ton, 40Cr Hang 5210 yuan/ton 5240 yuan/ton per ton; 5550 yuan/ton for chromium molybdenum gear 5500 yuan/ton for Laiwu Steel. In terms of the market, the Hangzhou special steel market showed a steady upward trend this week. Traders' quotations rose slightly with the price adjustments of mainstream steel mills, and ordered shipments; downstream companies approached the holiday and demand limited, adopting the procurement model on demand. On the whole, the price of Zhejiang Excellent Steel is expected to run smoothly next week.

Jiangsu Market: The market price of Jiangsu special steel rose this week, and the mainstream price of 45#Φ30 is now Huaigang 5,050 yuan/ton, Dongfang Special Steel Plant raises 4900 yuan/ton, Hangzhou Steel 5000 yuan/ton, 40Cr Huaigang 5290 Yuan/ton, gear Laiwu 5500 yuan/ton, chromium molybdenum Laiwu steel 5620 yuan/ton. 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%. In terms of the market, as the Chinese New Year approaches, downstream demand has weakened, and the market has gradually entered a state of pricelessness.

Shandong market: After the market price of Shandong special steel bottomed out, the price rose slightly by 60 yuan/ton, now 45# Luli 4540 yuan/ton, Fulun 4550 yuan/ton, Guangfu 4610 yuan/ton, Xiwang 4750 yuan/ton , Weigang 4900 yuan/ton, Juneng 4900 yuan/ton. Recently, the market has a strong post-holiday bullish sentiment, market prices have risen slightly, some downstream companies have begun to stock up, and market transactions have improved. It is expected that the local premium special steel market prices will consolidate strongly before the Spring Festival.

Central China market: This week, the price of the Huazhong premium special steel market continued to operate steadily. Zhengzhou 45# Jinan Steel is 5100 yuan/ton, unchanged from last week; Changsha 45# Xianggang is 5000 yuan/ton, an increase of 20 yuan/ton from last week; Wuhan 45# Xianggang is 4860 yuan/ton, compared with last week’s change. At present, the Huazhong premium special steel market is nearing its end. Downstream companies are gradually shutting down, and demand is weak, mainly on-demand procurement, and market transactions are sporadic; some traders have begun to take holidays, quotations are stable, and recent market prices have not fluctuated much. It is expected that the market price of Huazhong special steel market will continue to consolidate next week.

Chongqing market: The market price of Chongqing special steel increased slightly this week. The current market price is 45#4900 yuan/ton, Xining Special Steel is 5050 yuan/ton, 40Cr5250 yuan/ton, 20CrMnTi5550 yuan/ton yuan/ton, up 50% from last week. Yuan/ton, chromium and molybdenum 5800 Yuan/ton, temporarily stable from last week. The price of local premium special steel rose slightly. The current total stock of bars in Chongqing is 83,000 tons, a decrease of 7,000 tons from last week. Affected by the atmosphere of external price increases this week, coupled with serious price inversions, prices have rebounded slightly, and low-priced resources are still abundant. The price gap between Xigang and other steel mills has widened. Traders mainly rely on the withdrawal of funds for shipments and lower prices for shipments. However, supported by high costs, there is limited room for prices to continue to fall. On the whole, the Chongqing special steel market is expected to rise slightly next week.

3. Summary of price adjustments of special steel mills

From January 23 to January 29, the price adjustments of major special steel mills across the country are as above: a total of 3 steel mills released price adjustment information in this period, and a total of 4 price adjustment information were released. This period, steel mills adjusted prices, and the prices of steel mills increased 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 samples of high-quality special steel bars in the country was 763,700 tons, an increase of 9,800 tons from the previous month, an increase of 1.30%.

This week, the transaction volume of sample enterprises of national premium special steel bars was 248,400 tons, a decrease of 18,000 tons from the previous month, a decrease of 6.76%.

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

Based on the above situation, the market price of special steel rose slightly this week. On the market side: nearing the closing stage, traders' quotations have stabilized and price performance has been relatively stable. The demand from downstream enterprises is weak, and there are few transactions. It is expected that the price of the national premium special steel market will run smoothly next week.