Weekly summary:2021 China Bearing Steel market trend in second week of February will be up 11.57%

 Weekly summary:2021 China Bearing Steel market trend in second week of February will be up 11.57%

1. The price of mainstream varieties of excellent special steel

This week, the prices of mainstream premium special steels went smoothly. Among them, 45# received 4979 yuan/ton, 40Cr received 5243 yuan/ton, 20CrMnTi received 5480 yuan/ton, and CrMo received 5675 yuan/ton.

2. The main market prices and spreads of special steel

This week, Hangzhou, the main market for high-quality special steel in the country, closed at 5,030 yuan/ton, and Shandong at 4,550 yuan/ton, with a price difference of 480 yuan/ton in leading cities.

Zhejiang market: This week, the price of Zhejiang special steel market remained stable. The mainstream price above 45#Φ30 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 Hang 5240 yuan/ton 5290 yuan/ton per ton; 5600 yuan/ton for chromium molybdenum gear and 5500 yuan/ton for Laiwu Steel. At present, most traders and downstream companies have taken vacations, market transactions are almost zero, prices are stable without fluctuations, and inventories are naturally accumulated. Recently, mainstream steel mills have released price increase signals, coupled with the expectations of better demand from downstream companies, it is expected that the price of Zhejiang Excellent Steel will run smoothly next week, and there are still expectations of rising prices after the holiday.

Jiangsu market: This week, the market price of Jiangsu special steel has been operating smoothly. The mainstream price of 45#Φ30 is now Huaigang 5,050 yuan / ton, Dongfang Special Steel Plant raises 4,900 yuan / ton, Hangzhou Steel 5,000 yuan / ton, 40Cr Huaigang 5290 Yuan/ton, gear Laiwu 5550 Yuan/ton, chromium molybdenum Laiwu Steel 5620 yuan/ton. In terms of steel mills, the current total stock of bars in Jiangsu You Special Steel Plant is 304,200 tons, an increase of 43,800 tons from last week, an increase of 16.82% month-on-month, and a decrease of 286,300 tons from the same period last year, a year-on-year decrease of 48.48%. In terms of the market, both market traders and downstream companies are on holiday, and there is no transaction in the market. Regarding the post-holiday price trend, considering the current high costs, steel mills have a strong intention to raise prices, and in response to the call of the New Year on the spot, demand is expected to start. It is expected that the price of special steel after the holiday may continue to rise slightly.

Central China market: This week, the price of the Huazhong premium special steel market continued to operate steadily. Zhengzhou 45# Jinan Steel is 5150 yuan/ton, unchanged from last week; Changsha 45# Xianggang is 5000 yuan/ton, unchanged from last week; Wuhan 45# Xianggang is 4860 yuan/ton, unchanged from last week. At present, the Central China market has been closed, traders and downstream companies have taken holidays, quotations and business have been suspended, and no transactions have been made in the market. It is expected that the market price of Huazhong special steel will continue to run smoothly next week, and the price will rise as the market starts after the year.

Shandong market: The price of Shandong special steel market has been closed since Monday this week, and most of the businesses have been closed. It is expected that the market will open from the sixth day to the seventh day after the holiday. Local premium special steel price before the festival 45# Luli 4550 yuan/ton, Fulun 4560 yuan/ton, Guangfu 4610 yuan/ton, Xiwang 4750 yuan/ton, Weigang 4900 yuan/ton, Juneng 4900 yuan/ton . It is expected that the market may rise slightly after 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, and the total stock of bars in the Chongqing market is 86,600 tons, unchanged from last week. At present, most traders and downstream traders in the southwest market have been on vacation, and there is no transaction in the market. It is expected that after the holiday, the Chongqing special steel market prices will be mainly consolidating at a high level.

3. Summary of price adjustments of special steel mills

From February 6 to February 10, the price adjustments of major special steel mills nationwide are as follows: A total of 2 steel mills released price adjustment information in this period, and they released price adjustment information 2 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 859,300 tons, an increase of 89,100 tons from the previous month, an increase of 11.57%.

This week, the transaction volume of sample enterprises of high-quality special steel bars nationwide was 154,900 tons, a decrease of 130,400 tons from the previous month, a decrease of 45.72%.

5. The excellent special steel market continues to operate smoothly next week

Based on the above situation, the market price was stable this week. It is expected that the price of excellent special steel will continue to run smoothly next week.