Weekly Summary:2021 China Bearing Steel Market Trend in Second Week of June Will down 0.98%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties fell this week. Among them, 45# closed at 5666 yuan/ton, down 87 yuan/ton from last week, 40Cr closed at 5,911 yuan/ton down 85 yuan/ton from last week, and 20CrMnTi closed at 6,069 yuan/ton higher. The week fell 104 yuan/ton, and CrMo closed at 6325 yuan/ton, down 79 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 90-100 yuan/ton, of which Hangzhou’s 5,680 yuan/ton is down 90 yuan/ton from last week, and Shandong’s 5,330 yuan/ton is down 100 yuan/ton from last week. , The leading city price difference is 350 yuan/ton.

Zhejiang market: This week, the price of Zhejiang special steel market first fell and then rose. The mainstream price above 45#Φ30 is 5680 yuan/ton Huai 5780 yuan/ton South 5680 yuan/ton, Yuanli (direct delivery) 5680 yuan/ton Zhongtian 5680 yuan/ton Dongfang 5650 yuan/ton. On the market side: this week, the market was not trading smoothly. Traders took the initiative to drop prices to compete for downstream channels. At the end of the week, the prices were flattened by the end of the week. Traders were forced to rise slightly due to cost pressures. Downstream: According to research, the inventory level of terminal enterprises is currently low and there is a demand for replenishment. However, the current market prices are high, and the high cost of end users is difficult to support, which affects the pace of downstream procurement. In general, the price of excellent steel is expected to fluctuate next week.

Jiangsu market: This week, the market price of Jiangsu special steel has dropped slightly compared with last week. The mainstream price of 45#Φ30 in Huaigang is 5770 yuan/ton, Dongfang Special Steel Plant is raising 5640 yuan/ton, and Hangzhou Steel is 5630 yuan/ton. , 40Cr Huaigang 6010 yuan / ton, gear Laiwu 6080 yuan / ton, chromium molybdenum Laiwu steel 6200 yuan / ton. In terms of steel mills, the total stock of bars in Jiangsu You Special Steel Plant was 391,100 tons, an increase of 19,500 tons from last week, an increase of 5.24% from the previous week, and an increase of 88,000 tons from the same period last year, an increase of 29.03% year-on-year. In terms of the market, prices fell at the beginning of the week, and the overall market transactions were poor. Traders were cautious in taking goods, mainly operating with low inventory. For the later price trend, considering the traditional off-season, the performance of downstream orders is insufficient and the purchasing enthusiasm is poor, it is expected that the price of Jiangsu special steel will continue to fluctuate in a narrow range next week.

Shandong market: This week, the price of Shandong special steel market stopped falling and stabilized and rebounded slightly. The local special steel price 45# Luli 5330 yuan/ton, Fulun 5300 yuan/ton, Guangfu Dayuan 5440 yuan/ton, Xiwang 5600 yuan /Ton, Weigang 5570 yuan/ton, Juneng 5600 yuan/ton. This week, the market price fell mainly in the first half of the week, and the market stopped falling and stabilized in the second half. The market rebounded slightly on Friday. In terms of transactions, the downstream demand of the market weakened, and the transaction performance was mediocre. It is expected that prices in the local market will remain stable next week.

Central China market: This week, the price of the special steel market in Central China continued to fall. Zhengzhou 45# Jinan Steel is 5980 yuan/ton, down 50 yuan/ton from last week; Changsha 45# Xianggang 5600 yuan/ton, down 100 yuan/ton from last week; Wuhan 45# Xianggang 5440 yuan/ton, compared with last week It fell 110 yuan/ton last week. This week, the Huazhong high-quality special steel market had a poor transaction situation, and the transaction volume was limited. Traders’ inventories have risen significantly, and pressure on inventories and funds has continued to fall, and the willingness to ship shipments has continued to fall. On the other hand, subject to cost pressures, quotations have stabilized after falling to a certain level. Downstream companies still focus on on-demand procurement, with low purchasing intentions. In terms of steel mills, mainstream steel mills in central China issued a lowered ten-day price policy, scheduled production normally, and there is no maintenance plan for the time being. The performance of the external markets has picked up. On the whole, it is expected that the market price of special steel in Central China will rebound slightly next week.

Chongqing market: The overall price of Chongqing special steel market dropped slightly this week. The current market price is 45#5550 yuan/ton, Xining Special Steel is 5650 yuan/ton, 40Cr5850 yuan/ton, 20CrMnTi6050 yuan/ton, chromium molybdenum 6350 yuan/ton. This is down 50 yuan/ton from last week. At present, the total stock of bars in the Chongqing market is 96,000 tons, a decrease of 2,000 tons from last week. This week, Chongqing market prices fell slightly, market prices fluctuated weakly, traders were in a general mentality, downstream companies were not enthusiastic about purchasing, and market transactions were average. Affected by the slight decline in prices in the external market, local premium steel prices fell along with inventory. At high levels, the demand is gradually shrinking, and the price increase momentum is insufficient. On the whole, it is expected that the price of Chongqing's special steel market will fluctuate and operate mainly in weak conditions next week.

3. Summary of price adjustments by special steel mills

From June 5 to June 11, the price adjustments of major special steel mills across the country are as above: a total of 15 steel mills released price adjustment information during this period, and a total of 19 price adjustment information has been released. In this period, steel mills have adjusted prices. Steel mill prices are mainly falling. Next week, we should continue to pay attention to 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 834,300 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 312,300 tons, a decrease of 15,000 tons from the previous month, or 0.48%.

5. Price forecast of Youte Steel Market next week  

From the above situation, this week, the price of Youte steel fell first and then stabilized, and some market prices rebounded at the end of the week.  Considering the back market is a traditional off-season, it is expected that the high price of the national special steel market will fluctuate narrowly next week.