Weekly summary:2021 China Bearing Steel market trend in second week of April will be down 0.13%

Weekly summary:2021 China Bearing Steel market trend in second week of April will be down 0.13%

1. The prices of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties rose slightly this week, with 45# closing at 5521 yuan/ton, up by 26 yuan/ton from last week, 40Cr at 5,763 yuan/ton, up by 31 yuan/ton from last week, and 20CrMnTi at 5918 yuan/ton. Compared with last week, it rose by 21 yuan/ton, and CrMo closed at 6164 yuan/ton, which was 36 yuan/ton higher than 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 at 5,520 yuan/ton, and Shandong at 5,320 yuan/ton. The price difference between leading cities was 200 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 5550 yuan/ton for Huaigang, Dongfang Special Steel Plant raises 5490 yuan/ton, Hangzhou Steel 5540 yuan/ton, 40Cr Huaigang 5790 yuan/ton, gear Laiwu 5930 yuan/ton, chromium molybdenum Laiwu steel 6130 yuan/ton. In terms of steel mills, the total stock of bars in Jiangsu You Special Steel Plant was 413,900 tons, a decrease of 19,100 tons from last week, a decrease of 4.4% from the previous week, and a decrease of 104,100 tons from the same period last year, a year-on-year decrease of 20.1%. In terms of the market, the current north-south price gap has narrowed, and the quantity of Shandong materials going south is reduced. In addition, local Zhongtian steel mills are overhauled. The overall market resources are not good. Steel mills and traders have strong intentions to raise prices. It is expected that the price of Jiangsu special steel may continue to consolidate at a high level in the short term. .

Central China market: This week, the price of the special steel market in Central China continued to rise. Zhengzhou 45# Jinan Steel is 5600 yuan/ton, up 50 yuan/ton from last week; Changsha 45# Xianggang is 5550 yuan/ton, up 10 yuan/ton from last week; Wuhan 45# Xianggang is 5420 yuan/ton, up from last week Last week it rose by RMB 80/ton. In the early stage, the market price of special steel in Central China rose slightly due to the rising price adjustment policies of mainstream steel mills, and the increase was limited; in the later stage, the price remained stable due to transaction pressure. This week, the Huazhong premium special steel market has general transactions, and traders’ inventory and capital pressures are acceptable. The steel mills have no maintenance plans for the time being, and production schedules are normal. Based on the above situation, it is expected that the market price of Huazhong's special steel market will consolidate at a high level next week.

Shandong market: The price of Shandong special steel market is generally stable this week. The local special steel price is 45# Luli 5320 yuan/ton, Fulun 5320 yuan/ton, Guangfu Dayuan 5530 yuan/ton, Xiwang 5540 yuan/ Tons, Weigang 5400 yuan/ton, Juneng 5430 yuan/ton. This week, the market price is generally stable. Recently, Luli 45# has been produced less, and some resources in the market are in short supply, which has a certain supporting effect on steel prices. 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 continued to rise this week. The current market price is 45#5430 yuan/ton, Xining Special Steel is 5500 yuan/ton, 40Cr5700 yuan/ton, 20CrMnTi5900 yuan/ton, chromium molybdenum 6150 yuan/ton. At present, the total stock of bars in the Chongqing market is 91,400 tons, a decrease of 8,000 tons compared with last week. This week, the Chongqing market prices rose slightly. This week, the Chongqing market’s emerging cast pipe and Dongfang Special Steel prices rose, and other steel mill prices also rose. However, the overall market transaction performance was average, traders secretly lowered their shipments, and downstream wait-and-see sentiment was strong. , But the willingness of steel mills to keep prices higher. On the whole, it is expected that the market price of Chongqing's special steel will continue to consolidate at a high level next week.

3. Summary of price adjustments of special steel mills

From April 10th to April 16th, the price adjustments of major special steel mills across the country are as follows: A total of 13 steel mills released price adjustment information in this period, and a total of 15 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 the national premium special steel bar samples was 862,500 tons, a month-on-month decrease of 11,100 tons, a decrease of 0.13%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 327,100 tons, an increase of 10,000 tons or 0.3% month-on-month.

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 have a poor mentality, and they are now focusing on repayment of shipments. In terms of resources, due to the decline in inventories and the shortage of resources in the north, the price has risen, and the north-south spread has shrunk to 200 yuan. It is expected that the price of excellent steel will run smoothly at a high level next week.