Weekly summary:2021 China Bearing Steel market trend in second week of March will be up 0.38%

Weekly summary:2021 China Bearing Steel market trend in second week of March will be up 0.38%

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

The prices of mainstream premium special steels rose slightly this week, with 45# closing at 5355 yuan/ton, up 3 yuan/ton from last week, 40Cr at 5609 yuan/ton, up 4 yuan/ton from last week, and 20CrMnTi at 5805 yuan/ton. Last week, it rose 14 yuan/ton, and CrMo closed at 6022 yuan/ton, up 19 yuan/ton from last week.

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

This week, the adjustment range of the major market prices of premium special steel nationwide is around 20-40 yuan/ton, of which Hangzhou's closing price is 5380 yuan/ton, down 40 yuan/ton from last week, and Shandong's closing at 4,930 yuan/ton, down 20 yuan/ton from last week. , The leading city price difference is 450 yuan/ton.

Zhejiang Market: This week, the mainstream price of special steel in Zhejiang Province is temporarily stable. The mainstream price of 45#Φ30 is now 5380 yuan/ton Huai 5450 yuan/ton South 5440 yuan/ton, Yuanli (direct delivery) 5350 yuan/ton Day 5400 yuan / ton Dongfang 5300 yuan / ton, 40Cr Hangzhou 5590 yuan / ton Huai 5690 yuan / ton; chromium molybdenum 5940 yuan / ton gear Laiwu steel 5800 yuan / ton. 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 spread between general and north-south prices 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: This week, the market price of Jiangsu special steel is consolidating, and the mainstream price of 45#Φ30 is now 5450 yuan/ton for Huaigang, Dongfang Special Steel Plant raises 5350 yuan/ton, Hangzhou Steel 5390 yuan/ton, 40Cr Huaigang 5690 Yuan/ton, gear Laiwu 5850 yuan/ton, chrome-molybdenum Laiwu steel 5950 yuan/ton. In terms of steel mills, the total bar stock of Jiangsu You Special Steel Plant was 399,800 tons, a decrease of 49,600 tons from last week, a decrease of 11.04% from the previous week, and a decrease of 173,700 tons from the same period last year, a year-on-year decrease of 30.29%. In terms of the market, the current price is high, the enthusiasm for downstream purchases is not strong, and the market transaction performance is average, but the raw material price is supported, and the steel mills have a strong intention to keep prices. It is expected that the price of Jiangsu special steel will continue to consolidate at a high level in the short term.

Shandong market: This week, the price of Shandong special steel market rose slightly and then fell slightly. The local special steel price 45# Luli 4930 yuan/ton, Fulun 4880 yuan/ton, Guangfu Dayuan 5090 yuan/ton, Xiwang 5220 yuan /Ton, Weigang 5180 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 then market prices fell slightly. The peripheral market prices rose rapidly towards the weekend, and the market's wait-and-see attitude became stronger. 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 rose slightly. Zhengzhou 45# Jinan Steel is 5450 yuan/ton, unchanged from last week; Changsha 45# Xianggang 5400 yuan/ton, up 50 yuan/ton from last week; Wuhan 45# Xianggang 5180 yuan/ton, up from last week 30 yuan/ton. In the early stage, restricted by the pressure of shipments and funds, traders were less willing to increase prices, and the market was generally lowering prices. At the end of the week, affected by the price adjustment policy of mainstream steel mills, the market price rose and the increase was limited. At present, the market price of high-quality special steel in Central China is still at a high level, and downstream companies have a low degree of price recognition, and market transactions are average; the external market is volatile and the trend is not clear. Based on the above situation, it is expected that the market price of Huazhong special steel will consolidate at high levels next week.

Chongqing market: The market price of Chongqing special steel rose slightly this week. The current market price is 45#5280 yuan/ton, Xining Special Steel is 5400 yuan/ton, 40Cr5600 yuan/ton, 20CrMnTi5850 yuan/ton, and chromium molybdenum is 6100 yuan/ton. Last week it rose by RMB 50/ton. Local premium special steel prices rose slightly, and the current total stock of bars in the Chongqing market was 106,900 tons, a decrease of 15,000 tons from last week. This week, the Chongqing market was affected by mainstream steel mills’ increase in ex-factory prices and the external market’s price hikes, and prices rose accordingly. However, this week’s transactions were average and the market’s price increase sentiment was not high. Supported by high inventories and high costs, prices were in a dilemma. , The market is mainly wait-and-see. On the whole, it is expected that local special steel prices will fluctuate at a high level next week.

3. Summary of price adjustments of special steel mills

From March 6 to March 12, the price adjustments of major special steel mills across the country are as above: a total of 12 steel mills released price adjustment information in this period, and a total of 14 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 national total inventory of high-quality special steel bar samples was 917,700 tons, a month-on-month decrease of 69,100 tons, or 7%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 365,300 tons, a decrease of 13 thousand tons from the previous month, or 0.38%.

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 whole, the market price of high-quality special steel is difficult to rise and fall in the short term.