Weekly Summary:2021 China Bearing Steel Market Trend in Fourth Week of May Will be Down 0.94%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties continued to fall this week. Among them, 45# closed at 5596 yuan/ton, down 298 yuan/ton from last week, 40Cr closed at 5842 yuan/ton, down 297 yuan/ton from last week, and 20CrMnTi closed at 6021 yuan/ton. Last week, it fell 272 yuan/ton, and CrMo closed at 6284 yuan/ton, down 239 yuan/ton from last week.

2. Main market prices and price difference performance of Youte Steel  

The country 's main Ute steel market price adjustment this week was around 220-370 yuan / ton, of which Hangzhou received 5490 yuan / ton, down 220 yuan / ton from last week, Shandong received 5280 yuan / ton, down 370 yuan / ton from last week, and the leading city price difference was 210 yuan / ton.   

Zhejiang market : this week, the price of Zhejiang Youte Steel Market stabilized.  45 # Φ30 above mainstream prices Hang 5490 yuan / ton Huai 5500 yuan / ton Nan 5490 yuan / ton Yuan Li ( direct ) 5490 yuan / ton Zhongtian 5490 yuan / ton Dongfang 5460 yuan / ton.  Market : Traders ' daily turnover is weak, the price of floating price space to seek delivery, the inventory level is still available.  Steel plant inventory level is normal, no accumulation pressure.  Downstream enterprises still hold a majority of wait-and-see attitude, purchasing on demand, but the terminal manufacturers reserve less raw materials, there is replenishment demand.  Overall, you steel prices are expected to swing strongly next week.

Jiangsu market : Jiangsu special steel market prices continue to fall this week, more than45 # Φ30market mainstream prices Huaigang5510yuan / ton, Dongfang special steel plant5460yuan / ton, Hanggang5480yuan / ton, 40Cr Huaigang5760yuan / ton, Gear Laigang6000yuan / ton, Chromium Molybdenum Laigang6200yuan / ton. In terms of steel mills, the total inventory of399,800tons, an increase of37,600tons compared with last week, an increase of10.38 %, an increase of68,000tons compared with the same period last year, an increase of20.49 %. In terms of the market, futures have recovered and the enthusiasm for downstream procurement has improved. It is expected that the price fluctuation of Jiangsu Youte Steel will be strong next week.

Shandong market : This week, Shandong special steel market prices rebounded slightly, local special steel prices45 # Ruili5280yuan / ton, Fulun5200yuan / ton, Guangfu Dayuan5360yuan / ton, Xiwang5500yuan / ton, Weigang5480yuan / ton, Jueng5530yuan / ton. Market prices continued to fall in the first half of this week, the market stabilized on Thursday afternoon, rebounded slightly on Friday, and shipped on Friday. Local market prices are expected to continue to rebound slightly next week.

Central China market : Central China special steel prices continued to fall this week.  Zhengzhou 45 # steel 6080 yuan / ton, down 200 yuan / ton last week. Changsha 45 # Xianggang 5650 yuan / ton, down 250 yuan / ton from last week. Wuhan 45 # xiangsteel 5410 yuan / ton, down 230 yuan / ton from last week, this week huazhongyoute steel market prices showed a trend of first decline and then stability.  Previously regulated and regulated by macroeconomic policies, coupled with continued sporadic trading, traders quote continued downward.  In the later period, due to the cost pressure and the rebounding peripheral market, the market price tends to be stable. At present, the market price of Central China Special Steel is difficult to rise and fall, the transaction situation is poor, and the market sentiment is strong.  Near the end of the month, trader capital and inventory pressure highlights, strong willingness to ship. Downstream enterprises due to high prices, purchasing intention is not strong. Steel plant normal production, no maintenance plan.  Overall, it is expected that the market price of Central China Special Steel will fluctuate at a high level next week.

Chongqing market : the overall price of Chongqing Special Steel market continued to fall this week. At present, the market price is CNY 45 # 5350 / ton, Xining Special Steel is CNY 5450 / ton, 40Cr5650 / ton, 20CrMnTi5850 / ton, and Cr-Mo is CNY 6050 / ton. Compared with last week fell 250 yuan / ton. At present, the total stock of bars in Chongqing market is 99,000 tons, which is 13,000 tons less than last week. This week, Chongqing ’ s market prices continued to fall, and the market turnover was light. Affected by the continuous decline of futures and the decline of peripheral market prices, Chongqing ’ s market prices also fell, and the enthusiasm of downstream procurement was not high high, and the wait-and-see mentality was strong. At the end of the month, some traders were under great financial pressure, mainly shipped, and the market turnover was still poor. In general, it is expected that ’ s special steel market prices will be dominated by high volatility next week.

3. Summary of price adjustments by special steel mills

From May 22 to May 28, the price adjustment of the main special steel plants in China is as follows : In this period, a total of 6 steel plants issued price adjustment information, a total of 17 times.  In this period, the price of steel mills in price adjustment is mainly falling, and the impact of consumer demand and steel mill maintenance should be continuously concerned next week.

4. Social inventory performance of Youte Steel  

The total inventory of the national excellent and special steel bar samples is 8.192 million tons, an increase of 2.55 million tons from the previous month, an increase of 3.21 %.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 252,100 tons, a decrease of 101,200 tons from the previous month, a decrease of 28.64%.

5. Price forecast of Youte Steel Market next week

Judging from the above situation, the prices of high-quality special steel products fell first and then stabilized, and some market prices rebounded at the end of the week. Near the end of the month, traders are under greater inventory and capital pressures, and they are more willing to return funds for shipments. At the same time, inventory costs are relatively high, and the quotations are relatively high; downstream companies are subject to high prices and generally purchase intentions, and they still purchase on-demand; steel; In terms of plants, there are not many recent maintenance plans, and steel mill inventories have increased; the performance of the external market has improved, showing positive expectations. In summary, it is expected that the price of the national premium special steel market will fluctuate strongly next week.