Weekly summary:2021 China Bearing Steel market trend in first week of March will be down 6.21%

Weekly summary:2021 China Bearing Steel market trend in first week of March will be down 6.21%

1. The prices of mainstream varieties of high-quality special steel

The prices of mainstream premium special steel varieties continued to rise this week, with 45# closing at 5,352 yuan/ton, up 97 yuan/ton from last week, 40Cr at 5605 yuan/ton, up 99 yuan/ton from last week, and 20CrMnTi at 5791 yuan/ton. Last week it rose 98 yuan/ton, and CrMo closed at 6003 yuan/ton, up 101 yuan/ton from last week.

2. The main market price and spread performance of special steel

This week, the major market price adjustments for premium special steel nationwide were around 70 yuan/ton, of which Hangzhou received 5,420 yuan/ton, an increase of 70 yuan/ton from last week, and Shandong’s 4,950 yuan/ton, an increase of 70 yuan/ton from last week. The city price difference is 470 yuan/ton.

Zhejiang market: The price of Zhejiang special steel market continued to rise this week. The mainstream price above 45#Φ30 is Hang 5420 yuan/ton Huai 5450 yuan/ton South 5450 yuan/ton, Yuanli (direct delivery) 5400 yuan/ton Zhongtian 5400 yuan/ton Dongfang 5400 yuan/ton, 40Cr Hang 5630 yuan/ton 5690 yuan/ton per ton; 5940 yuan/ton chromium molybdenum/ton gear, 5800 yuan/ton Laiwu Steel. In the early stage, under the influence of the mainstream ten-year price increase policy for steel mills, market prices rose rapidly, and downstream companies had difficulty adapting to high prices, lower purchasing intentions, and poor market transactions; later, under the support of high costs, market prices It is difficult to rise and fall. Departmental traders are under pressure from agreements and capital to lower their prices for shipments; the external market fluctuates greatly, and the price difference between general and north-south is large. Traders are cautious about the market outlook and are not willing to increase prices. Based on the above situation, it is expected that the price of Zhejiang high-quality steel will fluctuate at a high level next week.

Jiangsu market: The market price of Jiangsu special steel continued to rise this week. The mainstream price of 45#Φ30 is now Huaigang 5460 yuan/ton, Dongfang Special Steel Plant raises 5370 yuan/ton, Hangzhou Steel 5460 yuan/ton, 40Cr Huaigang 5700 yuan/ton, gear Laiwu 5850 yuan/ton, chrome-molybdenum Laiwu steel 5950 yuan/ton. In terms of steel mills, the total stock of bars in Jiangsu You Special Steel Plant was 449,400 tons, a decrease of 14,100 tons from last week, a decrease of 3.04% from the previous week, and a decrease of 192,100 tons from the same period last year, a year-on-year decrease of 29.95%. In terms of the market, the downstream fear of heights is strong, and the purchasing enthusiasm is not high. However, considering the support of raw material costs, steel mills have a strong intention to bid for prices, and traders have low inventories. The market expectations are good in the later period. It is expected that the price of Jiangsu high-quality steel will continue to be high next week. run.

Shandong market: This week, the price of Shandong special steel market rose slightly and then fell slightly. The local special steel price 45# Luli 4950 yuan/ton, Fulun 4930 yuan/ton, Guangfu Dayuan 5070 yuan/ton, Xiwang 5210 yuan /Ton, Weigang 5220 yuan/ton, Juneng 5220 yuan/ton. In the first half of the week, market prices rose sharply. After the rise, market transactions were blocked, and market prices fell slightly towards the weekend. It is expected that the price of local premium special steel will fluctuate at a high level next week.

Central China market: This week, the price of the special steel market in Central China continued to rise. Zhengzhou 45# Jinan Steel is 5450 yuan/ton, up 50 yuan/ton from last week; Changsha 45# Xianggang 5350 yuan/ton, up 100 yuan/ton from last week; Wuhan 45# Xianggang 5150 yuan/ton, up from last week Last week it rose by RMB 120/ton. Affected by the price adjustment policy of mainstream steel mills with ten-year pricing, the market price of special steel in Central China increased first and then stabilized this week. At present, the market price is running at a high level, and downstream companies have difficulty adapting in a short period of time, and some downstream companies have not fully digested their stocks. The purchase enthusiasm is not high, and the market transaction situation is average; traders have strong intention to ship in order to reduce inventory and reduce financial pressure; At the same time, supported by the cost of raw materials, the ex-factory prices of steel mills remain high, and some traders are reluctant to sell them. Based on the above situation, it is expected that the price of Huazhong's special steel market will fluctuate at a high level next week.

Chongqing market: The market price of Chongqing special steel continued to rise this week. The current market price is 45#5230 yuan/ton, Xining Special Steel is 5350 yuan/ton, 40Cr5550 yuan/ton, 20CrMnTi5800 yuan/ton, and chromium molybdenum is 6050 yuan/ton. Last week it rose 100 yuan/ton. The price of local premium special steel rose slightly, and the current total stock of bars in the Chongqing market was 105,400 tons, a decrease of 5,000 tons from last week. This week, the Chongqing market was affected by the increase in the ex-factory price of mainstream steel mills and the price increase in the external market, and the price rose accordingly. In addition, the early shipment of this week is still acceptable, the price is running at a high level, and the shipment at the end of the week is weak, and the price is stable. On the whole, it is expected that next week, Chongqing's special steel market prices will be consolidating at a high level.

3. Summary of price adjustments of special steel mills

From March 1 to March 5, the price adjustments of major special steel mills across the country are as above: a total of 19 steel mills released price adjustment information in this period, and a total of 22 price adjustment information has been released. In this period, steel mills have adjusted prices. Steel mill prices have risen mainly. Next week, we should continue to pay attention to the impact of consumer demand and steel mill maintenance.

4. Social inventory performance of excellent special steel

The total inventory of national premium special steel bar samples was 986,800 tons, a decrease of 68,300 tons from the previous month, a decrease of 6.21%

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 366,600 tons, an increase of 137,400 tons or 60.00% from the previous month.

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

Based on the above situation, the market price of special steel continued to rise this week. It is expected that the price of the national premium special steel market will fluctuate at a high level next week.