Weekly summary:2021 China Bearing Steel market trend in fifth week of March will be down 1.83%

  Weekly summary:2021 China Bearing Steel market trend in fifth week of March will be down 1.83%

1. The prices of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties increased this week, with 45# closing at 5,396 yuan/ton, an increase of 52 yuan/ton from last week, 40Cr at 5,638 yuan/ton, an increase of 44 yuan/ton from last week, and 20CrMnTi at 5,813 yuan/ton. The week rose 29 yuan/ton, and CrMo closed at 6032 yuan/ton, up 24 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 are around 50-170 yuan/ton, of which Hangzhou received 5380 yuan/ton, an increase of 50 yuan/ton from last week, and Shandong received 5,150 yuan/ton, an increase of 170 yuan/ton from last week. , The leading city price difference is 230 yuan/ton.

Jiangsu market: The market price of Jiangsu special steel rose slightly this week, and the mainstream price of 45#Φ30 is now 5450 yuan/ton for Huaigang, Dongfang Special Steel Plant raises 5360 yuan/ton, Hanggang 5420 yuan/ton, 40Cr Huaigang 5690 yuan/ton, gear Laiwu 5840 yuan/ton, chrome-molybdenum Laiwu steel 6000 yuan/ton. In terms of steel mills, the total stock of bars in Jiangsu You Special Steel Plant was 446,700 tons, an increase of 10,300 tons from last week, an increase of 2.36% from the previous week, and a decrease of 128,800 tons from the same period last year, a decrease of 22.38% year-on-year. In terms of the market, steel mills have a strong intention to raise prices, traders’ costs are high, coupled with the shortage of large-scale resources in the market, quotations have risen slightly, downstream passive acceptance is the mainstay, and the pressure on funds is greater. For later price trends, the market will wait and see. It is expected that Zhou Jiangsu special steel prices continued to fluctuate at a high level.

Shandong market: This week, the price of Shandong special steel market rose sharply. The local special steel price 45# Luli 5150 yuan/ton, Fulun 5150 yuan/ton, Guangfu Dayuan 5470 yuan/ton, Xiwang 5340 yuan/ton , Weigang 5270 yuan/ton, Juneng 5280 yuan/ton. This week, the market price has risen sharply. In the 45# market, Luli has been mainly producing billets in the near future, and the carbon circle resources are scarce, which will support the carbon circle market price to a certain extent. In terms of composite steel, the local market of Weifang Steel on the 1st raised RMB 50/ton, which has a certain boost to the price of local composite steel. It is expected that the local premium special steel prices will remain at a high level after the Ching Ming Festival.

Central China Market: The price of the Central China Special Steel Market rose overall this week. Zhengzhou 45# Jinan Steel is 5500 yuan/ton, up 50 yuan/ton from last week; Changsha 45# Xianggang 5460 yuan/ton, up 60 yuan/ton from last week; Wuhan 45# Xianggang 5250 yuan/ton, compared to last week Last week it rose by RMB 20/ton. The market price of Huazhong’s special steel market at the beginning of the week was unsatisfactory due to unsatisfactory transactions and traders took the initiative to ship and reduce inventories, showing a weak and stable trend. In the mid-term, mainstream steel mills have a strong willingness to hold prices in ten-day pricing policies, and market prices are stable at the end of the week; Affected by the external market, market prices have increased. At present, there are not many low-priced resources remaining in the traders' pool, and the amount of high-priced agreements has yet to be completed. Based on the above situation, it is expected that the market price of Huazhong's special steel market will rise steadily next week.

Chongqing Market: The market price of Chongqing special steel is consolidating and running this week. The current market price is 45#5260 yuan/ton, Xining Special Steel is 5350 yuan/ton, 40Cr5550 yuan/ton, 20CrMnTi5850 yuan/ton, chromium molybdenum 6100 yuan/ton, compared with No change last week. At present, the total stock of bars in the Chongqing market is 92,700 tons, an increase of 2,400 tons from last week. This week, Chongqing market prices remained stable, and market transactions performed generally. As the end of the month is approaching, traders are under greater financial pressure. The market is mainly based on shipments. In addition, traders have high costs and just need to purchase downstream, and prices are in a dilemma between rising and falling. , And mostly wait and see. But at present, the leading steel mills in the Chongqing market are more willing to support prices. On the whole, the market price of Chongqing special steel is expected to rise slightly next week.

3. Summary of price adjustments of special steel mills

From March 27th to April 2nd, the price adjustment of major special steel mills across the country is as above: a total of 15 steel mills released price adjustment information in this period, and a total of 21 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 focus on the impact of consumer demand and steel mill maintenance.

4. Social inventory performance of excellent special steel

The total inventory of samples of high-quality special steel bars in the country was 899,100 tons, a decrease of 16,800 tons from the previous month, a decrease of 1.83%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 341,300 tons, an increase of 23,500 tons or 7.39% from the previous month.

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

Judging from the above situation, the price of the special steel market has risen as a whole this week. In summary, it is expected that the price of the national premium special steel market will continue to rise next week.