Weekly Summary:2021 China Bearing Steel Market Trend in First Week of June Will up 2.8%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties rebounded slightly this week, with 45# closing at 5,753 yuan/ton, an increase of 157 yuan/ton from last week, 40Cr closing at 5,996 yuan/ton, up 154 yuan/ton from last week, and 20CrMnTi closing at 6,173 yuan/ton. Last week, it rose 152 yuan/ton, and CrMo closed at 6,404 yuan/ton, down 120 yuan/ton from last week.

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

This week, the main national special steel market in Hangzhou received 5770 / ton, Shandong received 5430 yuan / ton, leading city price difference of 340 yuan / ton.   Zhejiang market : Zhejiang Youte steel prices continued to rebound this week. 45 # Φ30 above mainstream prices Hang 5770 yuan / ton Huai 5810 yuan / ton Nan 5770 yuan / ton Yuan Li ( direct ) 5770 yuan / ton Zhongtian 5770 yuan / ton Dongfang 5720 yuan / ton. Market : At the beginning of the week, the market is still good, and the price rises rapidly. Market prices stagnated in midweek and traders fell.  At the end of the week market sporadic trading, traders began to secretly surrender, lack of confidence in the price. Downstream : According to the survey, the inventory level of the terminal enterprises is low and there is a demand for replenishment. However, the current market price is high, and the high cost of terminal users is difficult to support, which affects the downstream procurement rhythm. Overall, you steel prices are expected to swing next week.

Jiangsu market : the market price of Jiangsu Special Steel rebounded slightly this week. At present, the mainstream price of the market above 45 # Φ30 is CNY 5780 per ton, that of Dongfang Special Steel Plant is CNY 5680 per ton, that of Hangzhou Steel is CNY 5710 per ton, that of 40Cr Huai Steel is CNY 6020 per ton, that of gear Laiwu Steel is CNY 6150 per ton, and that of Cr-Mo Laiwu Steel is CNY 6350 per ton.  In terms of steel mills, the total stock of bars in Jiangsu Youte Steel Plant is 371,600 tons, which is 28,200 tons less than last week and 7.06 % less than the previous month. It is 519,000 tons more than the same period last year and 16.23 % more than the previous year.   On the market side, the price rebounded at the beginning of the week, the market transactions were good, after the weak turnover, high difficult to deal, there are signs of a slight decline in prices, Jiangsu Youte steel prices are expected to run next week.

Central China market : this week, the price of Central China Special Steel Market fluctuated at a high level.  Zhengzhou 45 # steel 6030 yuan / ton, down 50 yuan / ton last week.  Changsha 45 # Xianggang 5700 yuan / ton, up 50 yuan / ton from last week.  Wuhan 45 # Xianggang 5550 yuan / ton, up 140 yuan / ton from last week.  In the early stage, there was a strong market wait-and-see sentiment, and traders ’ quotations were stable. The purchase intention of downstream enterprises was general, and the market turnover was less.  At the beginning of ten days, the mainstream steel mills issued a ten-day price reduction policy, the cost pressure of traders has eased, and the market has a certain deal.  Later, with the return of market prices to fundamentals, the peripheral market narrow shock operation, the Central China Special Steel market prices stabilized, some market traders in order to ease inventory and capital pressure, the price of goods.  In terms of steel mills, the mainstream steel mills in Central China have normal output and no maintenance plan.  Overall, it is expected that the market price of Central China Special Steel will be high next week.

Shandong market : Shandong special steel market price rebounded this week after stabilising, local special steel price 45 # luli 5430 yuan / ton, fulun 5400 yuan / ton, guangfudayuan 5440 yuan / ton, xiwang 5570 yuan / ton, weigang 5600 yuan / ton, jueng 5630 yuan / ton.  After a sharp rebound in market prices this week, the operation is stable. The first half of the week is still available, and the second half is general.  Prices in the local market are expected to remain stable next week.

Chongqing market : the overall price of Chongqing Special Steel market rebounded slightly this week. At present, the market price is CNY 45 # 5600 / ton, Xining Special Steel is CNY 5700 / ton, 40Cr5900 / ton, 20CrMnTi6100 / ton, and Cr-Mo is CNY 6400 / ton.  250 yuan / ton higher than last week.  At present, the total stock of bars in Chongqing market is 98,000 tons, which is 10,000 tons less than last week.  This week, the market price of Chongqing rebounded slightly, and the market transactions recovered. Affected by the rise in the price of the peripheral market and the continued strong price of the steel plant, the market price of Chongqing rose slightly, and the price began to stabilize at the end of the week. Supported by high costs, it is expected that the local special steel market price will be dominated by high volatility next week.

3. Summary of price adjustment in Youte Steel Plant

From May 29th to June 4th, the price adjustments of major special steel mills nationwide are as follows: A total of 16 steel mills released price adjustment information during the current period, and a total of 22 price adjustment information has been released. In this period, steel mills have adjusted their prices. The prices of steel mills have been mixed. Next week, we should continue to pay attention to the impact of consumer demand and steel mill maintenance.

4. Social inventory performance of Youte Steel  

The total inventory of Youte steel bar samples in China is 835.4 million tons, with an increase of 16.2 million tons, an increase of 1.98 %.

The turnover of national Youte steel bar sample enterprises is 31.38 million tons, with an increase of 6.71 million tons, an increase of 24.47 %.

5 . Next week Youte steel market continued to run smoothly  

In summary, this week ’ s price of Yougang rebounded slightly, traders ’ inventories increased, and capital turnover pressure was high. At present, some traders in the market have dropped their prices to ship. In terms of turnover, the price at the end of the week declined slightly, the turnover was weak, and the downstream wait-and-see mentality was strong. Overall turnover rose this week from last week. It is expected that the price of excellent steel will fluctuate at a high level next week.