Weekly summary:2021 China Bearing Steel market trend in third week of February will be up 24.95%

Weekly summary:2021 China Bearing Steel market trend in third week of February will be up 24.95%

1. The price of mainstream varieties of excellent special steel

This week, the prices of mainstream premium special steels rose sharply, with 45# closing 5135 yuan/ton, 40Cr closing 5389 yuan/ton, 20CrMnTi closing 5596 yuan/ton, and CrMo closing 5788 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 5250 yuan/ton, and Shandong received 4780 yuan/ton, and the leading city price difference was 470 yuan/ton.

Zhejiang market: This week, the price of Zhejiang special steel market rose sharply. The mainstream price above 45#Φ30 is 5250 yuan/ton Huai 5270 yuan/ton South 5250 yuan/ton, Yuanli (direct delivery) 5250 yuan/ton Zhongtian 5130 yuan/ton Dongfang 5130 yuan/ton, 40Cr Hang 5460 yuan/ton Ton Huai is 5510 yuan/ton; chromium molybdenum is 5770 yuan/ton gear Laiwu Steel is 5650 yuan/ton. During the Spring Festival holiday, the market was closed and there were few transactions. Affected by the policy, this year the Hangzhou market traders started work and downstream enterprises resumed work earlier this year, demand performance is better, traders have a positive attitude, orderly shipments reduce inventory, and market prices are rapidly increasing Rose to a high level. In terms of steel mills, mainstream steel mills in Jiangsu and Zhejiang are under normal production and inventory pressure is acceptable. Supported by high raw material costs, mainstream steel mills with ten-year pricing have signaled price increases. The price of Zhejiang Excellent Steel is expected to continue to rise next week.

Jiangsu market: The market price of Jiangsu special steel rose sharply this week. The mainstream price of 45#Φ30 is now 5250 yuan/ton for Huaigang, Dongfang Special Steel Plant raises 5120 yuan/ton, Hangzhou Steel 5230 yuan/ton, 40Cr Huaigang 5490 yuan/ton, gear Laiwu 5680 yuan/ton, chromium molybdenum Laiwu steel 5800 yuan/ton, the price increased by 200 yuan/ton compared to the previous year. In terms of steel mills, the total inventory of bars in Jiangsu You Special Steel Plant was 475,100 tons, an increase of 170,900 tons from the previous year, an increase of 56.81% from the previous month, and a decrease of 196,300 tons from the same period last year, a year-on-year decrease of 29.24%. In the market, in response to the local Chinese New Year policy, the proportion of downstream employees returning to their hometowns is small, and construction has started one after another recently, and the market transaction performance is relatively good. Regarding the price trend next week, considering that the steel mills will continue to increase their ex-factory prices on the 21st, and the market demand is acceptable, the price of Jiangsu special steel is expected to continue to rise next week, but the increase may be narrowed.

Central China market: This week, the price of the special steel market in Central China will increase with the opening of the market in the next year. Zhengzhou 45# Jinan Iron & Steel is 5300 yuan/ton, up 150 yuan/ton compared to the previous year; Changsha 45# Xianggang 5120 yuan/ton, up 120 yuan/ton compared to the previous year; Wuhan 45# Xianggang 4940 yuan/ton, compared to Years ago it rose 80 yuan/ton. At present, most of the traders in the special steel market in Central China have started operations, focusing on shipments and inventory reductions, and transactions are fair; downstream companies have also resumed work, and demand has gradually recovered. Supported by the high cost of raw materials and strong demand in the downstream market, it is expected that the market price of special steel in Central China will continue to rise next week.

3. Summary of price adjustments of special steel mills

From February 10 to February 20, the price adjustments of major special steel mills nationwide are as follows: A total of 14 steel mills released price adjustment information in this period, and a total of 23 price adjustment information has been released. In this period, steel mills adjusted prices. Steel mill prices mainly increased. 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 1.0736 million tons, an increase of 214,400 tons from the previous month, an increase of 24.95%.

This week, the transaction volume of sample enterprises of high-quality special steel bars nationwide was 26,300 tons, a decrease of 128,600 tons from the previous month, a decrease of 83.03%.

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

Based on the above situation, the market price rose sharply this week. It is expected that the price of special steel will continue to rise next week.