Weekly summary:2021 China Bearing Steel market trend in first week of April will be down 3.95%

  Weekly summary:2021 China Bearing Steel market trend in first week of April will be down 3.95%

1. The prices of mainstream varieties of excellent special steel

This week, the prices of mainstream special steel varieties rose sharply. Among them, 45# closed at 5495 yuan/ton, up 99 yuan/ton from last week, 40Cr closed at 5732 yuan/ton, up 94 yuan/ton from last week, and 20CrMnTi closed at 5897 yuan/ton. Compared with last week, it was up 84 yuan/ton, and CrMo closed at 6128 yuan/ton, up 96 yuan/ton from last week.

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

This week, Hangzhou, the main market for high-quality special steel in the country, closed 5,510 yuan/ton, and Shandong received 5,300 yuan/ton, and the leading city price difference was 210 yuan/ton.

Zhejiang market: The price of Zhejiang special steel market remained stable this week. The mainstream price of 45#Φ30 and above Hang 5520 yuan/ton Huai 5520 yuan/ton South 5500 yuan/ton, Yuanli (direct delivery) 5500 yuan/ton Zhongtian 5500 yuan/ton Dongfang 54800 yuan/ton, 40Cr Hang 5730 yuan/ton Huai is 5760 yuan/ton; chromium molybdenum is 6040 yuan/ton gear and Laiwu Steel is 5920 yuan/ton. On the market side: the prices of high-quality special steel products continue to run at a high level, the downstream procurement costs have increased significantly, the willingness to purchase is low, and the market transactions are poor; some traders have accumulated inventory, and the financial pressure is greater, and most of them have lowered prices in order to ship goods. Go to the library. Steel mills: mainstream steel mills in Jiangsu and Zhejiang have some maintenance. External markets: affected by low-priced resources in the north, the north-south spread has been repaired; the threaded market fluctuates greatly due to weather and other factors. Based on the above situation, the price of Zhejiang Excellent Steel is expected to consolidate next week.

Jiangsu market: The market price of Jiangsu special steel rose slightly this week, and the mainstream price of 45#Φ30 is now RMB 5530/ton for Huaigang, Dongfang Special Steel Plant raises RMB 5470/ton, Hanggang Steel 5510/ton, 40Cr Huaigang 5770 yuan/ton, gear Laiwu 6120 yuan/ton, chrome-molybdenum Laiwu steel 6120 yuan/ton. In terms of steel mills, the total stock of bars in Jiangsu You Special Steel Plant was 433,000 tons, a decrease of 13,700 tons from last week, a decrease of 3.07% from the previous week, and a decrease of 119,600 tons from the same period last year, a decrease of 21.64% from the same period last year. In terms of the market, the downstream purchasing enthusiasm is not strong, market transactions are poor, and traders mainly lowered their shipments. Regarding the later price trend, considering the cost of raw materials, steel mills have a strong intention to raise prices. It is expected that the price of Jiangsu special steel will continue to be high in the short term. Shock.

Central China market: This week, the price of high-quality special steel market in Central China rose as a whole. Zhengzhou 45# Jinan Steel is 5550 yuan/ton, up 50 yuan/ton from last week; Changsha 45# Xianggang 5540 yuan/ton, up 80 yuan/ton from last week; Wuhan 45# Xianggang 5340 yuan/ton, compared with last week Last week it rose by RMB 90/ton. Affected by the sharp rise in the external market during the holiday, the price of the Huazhong special steel market opened rapidly after the holiday, with a large increase, and then consolidated at high levels. Downstream companies mainly purchase on-demand due to high prices, and market transactions are fair; traders are not motivated by capital pressure and risk pressure to prepare for inventory, and market resources lack specifications in many cases. 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.

Shandong market: This week, the price of Shandong special steel market rose slightly. The local special steel price 45# Luli 5300 yuan/ton, Fulun 5300 yuan/ton, Guangfu Dayuan 5530 yuan/ton, Xiwang 5540 yuan /Ton, Weigang 5380 yuan/ton, Juneng 5380 yuan/ton. This week, the market price continued to rise slightly, the transaction was average, and the steel mill resources were not much, which had a certain supporting effect on the price. It is expected that the local high-quality special steel market prices will consolidate at a high level next week.

Chongqing market: The market price of Chongqing special steel rose slightly this week. The current market price is 45#5330 yuan/ton, Xining Special Steel is 5450 yuan/ton, 40Cr5650 yuan/ton, 20CrMnTi5900 yuan/ton, chromium molybdenum 6150 yuan/ton. At present, the total stock of bars in the Chongqing market is 92,200 tons, a decrease of 5,000 tons from last week. Chongqing market prices rose slightly this week. Affected by steel mills’ increase of ex-factory prices and external markets’ price hikes, Chongqing market prices have also increased. This week’s market transactions performed generally, and the downstream purchasing enthusiasm was not high, and the wait-and-see sentiment was relatively strong. However, traders still have higher costs and there is still demand for purchases in the downstream. Under the circumstances of high costs and strong demand, prices are in a dilemma. On the whole, it is expected that the high-quality special steel prices in the Chongqing market will be the main consolidating operation next week.

3. Summary of price adjustments of special steel mills

From April 3 to April 9, the price adjustments of major special steel mills across the country are as follows: A total of 6 steel mills released price adjustment information in this period, and a total of 9 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 national total inventory of premium special steel bar samples was 863,600 tons, a month-on-month decrease of 35,500 tons, a decrease of 3.95%.

The transaction volume of sample enterprises of high-quality special steel bars in the country was 336,100 tons, a decrease of 5,200 tons from the previous month, a decrease of 1.52%.

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

Based on the above situation, steel mill inventories, social inventories, and social transactions continue to decline. The current prices are at a high level. Traders' mentality is unstable, and now they mainly pay back for shipments. In terms of resources, due to the decline in inventories and the shortage of resources in the north, the price rose by a block, and the north-south spread was reduced to 210 yuan. It is expected that the price of excellent steel will remain stable next week.