Weekly Summary:2022 China Bearing Steel Market Trend in Third Week of February Will down 0.04%

1. The price of mainstream varieties of excellent special steel

The prices of mainstream premium special steel varieties dropped slightly this week. Among them, 45# closed at 5536 yuan/ton, down 18 yuan/ton from last week, 40Cr closed at 5764 yuan/ton, down 19 yuan/ton from last week, and 20CrMnTi closed at 5870 yuan/ton. Last week, it fell 20 yuan/ton, and CrMo closed at 6,168 yuan/ton, down 23 yuan/ton from 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 5570/ton, and Shandong received 5,400 yuan/ton, with a price difference of 170 yuan/ton in leading cities.

Zhejiang market: This week, the price of Zhejiang special steel market was weak and stable. The mainstream price above 45#Φ30 is 55700 yuan/ton Huai 5590 yuan/ton South 5560 yuan/ton, Yuanli (direct delivery) 5540 yuan/ton Zhongtian 5560 yuan/ton Dongfang 5550 yuan/ton. On the market side: this week, the market price was weak and stable, and the general traders in the market transactions still focused on shipments, and generally had poor expectations for the market outlook. The overall market inventory is still at a high level, but the market mentality is generally stable, and traders generally operate at stable prices and deliver goods. The price rise and weakness are beginning to show, the market has a certain degree of decline in the middle of the week, but the steel mills are willing to stand up to the price, and the macroeconomic policies have an impact on the market mentality.

Jiangsu market: This week, the price of Jiangsu special steel market fluctuates weakly. The mainstream price of 45#Φ30 in Huaigang is 5570 yuan/ton, Dongfang Special Steel Plant raises 5530 yuan/ton, Hangzhou Steel 5530 yuan/ton, 40Cr Huaigang 5810 yuan/ton, gear Laiwu 5780 yuan/ton, chrome-molybdenum Laiwu steel 6050 yuan/ton. In terms of steel mills, the total stock of bars in Jiangsu You Special Steel Plant was 443,400 tons, an increase of 6,400 tons from last week, an increase of 1.46% month-on-month, and an increase of 151,500 tons from the same period last year, an increase of 51.9% year-on-year. In terms of the market, downstream demand in the off-season is still poor, and steel mills and traders are under greater pressure to reduce their warehouses. However, considering that there are more production restrictions and reductions in the north, the price of steel mills is firm, which will support market prices to a certain extent. It is expected that Jiangsu Special Steel will be supported next week The price drop continued the trend of volatility.

Central China market: This week, the price of Huazhong's special steel market tended to be stable. Zhengzhou 45# Jinan Steel is 5630 yuan/ton, up 30 yuan/ton from last week; Changsha 45# Xianggang is 5430 yuan/ton, down 20 yuan/ton from last week; Wuhan 45# Xianggang is 5450 yuan/ton, up from last week I didn't move last week. Zhengzhou market has not yet fully resumed work, and resources are flowing in Zhengzhou city. Demand in Hubei and Hunan has not recovered yet, and the shipments of traders are still weak. It is expected that the Huazhong special steel market will continue to weaken the demand tone next week, and the market price will be stable.

Shandong market: This week, the price of Shandong special steel market first fell and then rose. Local special steel price 45# Luli 5400 yuan/ton, Fulun 5400 yuan/ton out of stock, Guangfu Dayuan 5360 yuan/ton, Xiwang 5530 Yuan/ton, Weigang 5500 Yuan/ton, Giant Energy 5520 Yuan/ton. In the first half of this week, the price of ordinary carbon rounds such as Lu Li fell to 5,360 yuan/ton. Later, affected by the rise in futures, the price of steel rose to 5,400 yuan/ton. However, this week, the steel prices of major steel plants such as Weigang, Juneng, and Laiwu Steel have declined significantly. Affected by poor shipments, agents are in a state of exhaustion and are not willing to bid for prices. It is expected that the local high-quality special steel market prices will fluctuate mainly next week.

Chongqing market: The overall price of Chongqing special steel market is generally stable this week. The current market price is 45#5480 yuan/ton, Xining Special Steel is 5570 yuan/ton, 40Cr5770 yuan/ton, 20CrMnTi5920 yuan/ton, chromium molybdenum 6370 yuan/ton. At present, the total stock of bars in the Chongqing market is 106,000 tons, which is the same as last week. This week, the price of high-quality steel in the Chongqing market rose slightly, the inventory is still high, and the stock drop is slow. The current high-temperature holiday is still continuing, the market transaction is not good, and the futures are volatile and weak, the market is not bullish. On the whole, it is expected next week. The Chongqing special steel market oscillated weakly and operated mainly.

3. Summary of price adjustments by special steel mills

From February 14th  to February 18th , the price adjustments of major special steel mills across the country are as follows: A total of 17 steel mills released price adjustment information during this 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 excellent special steel

The total inventory of samples of high-quality special steel bars nationwide was 890,200 tons, a month-on-month decrease of 0.04 million tons, a decrease of 0.04%.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 289,400 tons, a decrease of 11,500 tons from the previous month, a decrease of 3.82%.

5. The excellent special steel market will continue to operate steadily next week

Based on the above situation, the price of premium steel dropped slightly this week. Affected by poor shipments, the agents are in a state of exhaustion, and their willingness to price is not strong. It is expected that the local high-quality special steel market prices will fluctuate mainly next week.