Weekly summary:2021 China Bearing Steel market trend in first week of February will be up 0.85%

   Weekly summary:2021 China Bearing Steel market trend in first week of February will be up 0.85%  

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties continued to rise slightly this week, with 45# closing 4979 yuan/ton up 7 yuan/ton from last week, 40Cr closing 5243 yuan/ton up 7 yuan/ton from last week, 20CrMnTi closing 5480 yuan/ Ton, CrMo received 5675 yuan/ton.

2. The main market prices and spreads of special steel

This week, the major market price adjustments for premium special steel nationwide were around 10 yuan/ton, of which Hangzhou received 5,030 yuan/ton, an increase of 10 yuan/ton from last week, Shandong received 4550 yuan/ton, and the dominant city price difference was 480 yuan/ton.

Zhejiang market: This week, the mainstream price of Zhejiang special steel market stabilized temporarily. The mainstream price of 45#Φ30 and above is 5030 yuan/ton Huai 5050 yuan/ton South 5050 yuan/ton, Yuanli (direct delivery) 5000 yuan/ton Zhongtian 4950 yuan/ton Dongfang 4950 yuan/ton, 40Cr Hangzhou 5210 yuan/ton 5240 yuan/ton per ton; 5550 yuan/ton for chromium molybdenum gear 5500 yuan/ton for Laiwu Steel. Specifically, the market logistics has been on holiday one after another, and the transactions of traders have been significantly weakened recently, and most of them are mainly collecting payments. In terms of inventory, the stock market is naturally accumulating near the Spring Festival, and the pace is slightly faster. In the downstream sector, some downstream companies were surveyed by telephone, and the overall performance was characterized by early holiday and early resumption of work. On the other hand, terminal companies generally had better orders and guaranteed demand after the holiday. On the whole, it is expected that the price of Zhejiang premium steel will run smoothly next week, and there will still be expectations for a rise after the holiday.

Jiangsu market: The market price of Jiangsu special steel is stable this week, and the mainstream price of 45#Φ30 is now 5050 yuan/ton for Huaigang, Dongfang Special Steel Plant raises 4900 yuan/ton, Hangzhou Iron and Steel 5000 yuan/ton, 40Cr Huaigang 5290 yuan /Ton, gear Laiwu 5550 yuan/ton, chrome molybdenum Laiwu steel 5620 yuan/ton. In terms of steel mills, according to statistics, the current total stock of bars in Jiangsu Special Steel Plant is 260,400 tons, an increase of 6,900 tons from last week, an increase of 2.72% from the previous week, and a decrease of 90,600 tons from the same period last year, a year-on-year decrease of 25.81%. In terms of the market, as the new year is approaching, there is no demand for downstream holidays, traders' quotes are stable, and the market has entered a state of pricelessness.

Central China market: This week, the price of the Huazhong premium special steel market continued to operate steadily. Zhengzhou 45# Jinan Iron & Steel is 5150 yuan/ton, up 50 yuan/ton from last week; Changsha 45# Xianggang is 5000 yuan/ton, unchanged from last week; Wuhan 45# Xianggang 4860 yuan/ton, up from last week change. At present, traders and downstream companies in the Central China market have basically closed their holidays, quotations and business have been suspended, there have been basically no transactions, and the market is closed. It is expected that the market price of Huazhong special steel market will continue to consolidate next week.

Shandong market: Shandong special steel market prices rose slightly before the holiday, and now 45# Luli 4550 yuan/ton, Fulun 4560 yuan/ton, Guangfu 4610 yuan/ton, Xiwang 4750 yuan/ton, Weigang 4900 yuan /Ton, giant energy 4900 yuan/ton. As the Spring Festival approaches, transactions in the local high-quality special steel market are gradually decreasing, and some downstream stocks are stockpiled before the festival. The transactions this week are fair. It is expected that the local premium special steel market prices will consolidate strongly before the Spring Festival.

Chongqing Market: The market price of Chongqing special steel is stable 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, chromium molybdenum 5800 yuan/ton . The price of local high-quality special steel is stable. Currently, the total stock of bars in the Chongqing market is 86,600 tons, an increase of 3,500 tons from last week. This week, the Chongqing area is mainly based on the return of funds from shipments. As the Spring Festival holiday is approaching, downstream demand is gradually weakening, and the transaction is general. However, supported by high costs, the price is in a dilemma. On the whole, it is expected that the consolidation operation of Chongqing Special Steel before the holiday will be the Lord.

3. Summary of price adjustments of special steel mills

From January 30 to February 5, the price adjustments of major special steel mills across the country are as follows: A total of 13 steel mills released price adjustment information in this period, and they released price adjustment information 13 times in total. In this period, steel mills adjusted prices and steel mill prices remained flat.

4. Social inventory performance of excellent special steel

The total inventory of the national premium special steel bar samples was 770,200 tons, a month-on-month increase of 6,500 tons, or 0.85%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 285,300 tons, an increase of 36,900 tons from the previous month, or 14.86%.

5. The superior and special steel market is weak and consolidates next week

Based on the above situation, the market price continued to rise slightly this week, and the market shipment situation improved. Steel mill inventories and social inventories have strengthened at the end of the year. Downstream and traders have entered the holidays one after another. Most steel mills will produce normally during the Spring Festival and deliver goods normally. It is expected that the price of special steel will continue to run smoothly next week.