Weekly Summary:2021 China Bearing Steel Market Trend in Fifth Week of June Will down 1.91%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties continued to fall this week, with 45# closing 5351 yuan/ton down 104 yuan/ton from last week, 40Cr closing 5596 yuan/ton down 101 yuan/ton from last week, and 20CrMnTi closing 5759 yuan/ton. Last week, it fell 108 yuan/ton, and CrMo closed at 6065 yuan/ton, down 94 yuan/ton from last week.

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

This week, the adjustment range of the main market price of premium special steel nationwide was around 20-80 yuan/ton, of which Hangzhou received 5280 yuan/ton, down 80 yuan/ton from last week, and Shandong received 5,100 yuan/ton, down 20 yuan/ton from last week. , The leading city price difference is 180 yuan/ton.

Zhejiang market: Zhejiang special steel market prices fell slightly this week. The mainstream price above 45#Φ30 is 5280 yuan/ton Huai 5380 yuan/ton South 5280 yuan/ton, Yuanli (direct delivery) 5280 yuan/ton Zhongtian 5280 yuan/ton Dongfang 5260 yuan/ton. On the market side: the market's sluggish transactions continued this week, and traders have fallen in prices to compete for downstream channels and their mentality is unstable. Downstream: The order situation of downstream companies in different industries is different, the overall purchasing enthusiasm is not good, and the decrease in downstream demand is currently evident. The upstream side currently understands that some steel mills are dissatisfied with their orders. The output of the brand in July is expected to be slightly lower than that in June, but the market has a large amount of inventory to digest. The financial problem caused by the high inventory at the current price cannot be ignored. Generally speaking, the price of superior steel is expected to run weakly next week.

Jiangsu market: The market price of Jiangsu special steel fell this week, and the mainstream price of 45#Φ30 is now 5400 yuan/ton for Huaigang, Dongfang Special Steel Plant raises 5240 yuan/ton, Hangzhou Steel 5250 yuan/ton, 40Cr Huaigang 5640 yuan / Ton, gear Laiwu Steel 5650 yuan / ton, chrome molybdenum Laiwu Steel 5850 yuan / ton. In terms of steel mills, the total inventory of bars in Jiangsu You Special Steel Plant was 462,700 tons, an increase of 50,300 tons from last week, an increase of 12.19% from the previous week, and an increase of 124,700 tons from the same period last year, an increase of 36.89% from the same period last year. In terms of the market, in the traditional off-season, downstream demand is still poor, and factory warehouses and social warehouses are overwhelmed. It is expected that the price of Jiangsu special steel will be weak next week.

Shandong market : this week, the price of Shandong special steel market is basically stable. The local special steel price is 45 # Luli CNY 5100 / ton, Fulun CNY 5080 / ton, Guangfudayuan CNY 5210 / ton, Xiwang CNY 5320 / ton, Weigang CNY 5180 / ton, and Juengeng CNY 5280 / ton.  This week, the bottom of the market price was mainly volatile, the market sentiment was poor, the merchant shipments were limited, and the inventory continued to grow.However, the current steel price has fallen near the cost line of steel mills, which has a certain supporting effect on steel prices.It is expected that the price of local high-quality steel will fluctuate mainly 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 5500 yuan/ton, down 200 yuan/ton from last week; Changsha 45# Xianggang is 5320 yuan/ton, down 130 yuan/ton from last week; Wuhan 45# Xianggang is 5150 yuan/ton, down from last week It fell 150 yuan/ton last week. The transaction situation in the Huazhong premium special steel market this week was poor and did not improve. Traders shipped small quantities and small batches. Affected by the lower ten-day price policy of mainstream steel mills in the region, traders’ quotations continued to fall, and prices fell on the basis of quotations. Shipments are common; traders’ inventory and capital pressures are relatively high; downstream companies have few orders, weak purchasing intentions, and strong wait-and-see sentiment; steel mills have reduced their output slightly, and inventories continue to rise, and there is no maintenance plan for the time being. On the whole, it is expected that the price of Huazhong's special steel market will continue to fall 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 # 5250 / ton, which is CNY 100 / ton lower than that of last week. Xining special steel is CNY 5400 / ton, 40Cr5600 / ton, 20CrMnTi5800 / ton, which is CNY 50 / ton lower than that of last week, and Cr-Mo is CNY 6300 / ton.  At present, the total stock of bars in Chongqing market is 103,000 tons, an increase of 20,000 tons from last week.  The price of Chongqing Youte steel continued to fall this week. At the beginning of the week, affected by the decline in the peripheral market, the price of Chongqing market also declined. The price of Chongqing remained stable at the end of the week. At present, demand is gradually shrinking and trading is general. Traders are under great financial pressure near the end of the month to reduce prices. However, due to the impact of cost support, the space for price decline is limited. Overall, it is expected that the price of local Youte steel will fluctuate weakly next week.

3. Summary of price adjustments by special steel mills

From June 26th to July 2nd, the price adjustments of major special steel mills across the country are as above: a total of 12 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 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 national total inventory of high-quality special steel bar samples was 927,200 tons, an increase of 35,800 tons from the previous month, an increase of 4.02%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 286,000 tons, an increase of 37,300 tons from the previous month, an increase of 15.01%.

5. Price forecast of Special Steel Market next week

From the above situation, the price of Special steel continued to fall this week.  It is expected that the price of the national special steel market will be unstable next week.