Weekly summary:2022 China Bearing Steel market trend in third week of May Continues to Fall
Weekly summary:2022 China Bearing Steel market trend in third week of May Continues to Fall
1. Summary
The price of excellent and special steel in the national market continued to fall today. As of press time, the national average price of 45# carbon knotted round steel Ф29-85 was 5184 yuan/ton, down 33 yuan/ton from Monday. In the leading market, the warehouse in Hangzhou is 5040 yuan/ton, the warehouse in Wuxi is 5050 yuan/ton, and the direct hair in Shandong is 4890 yuan/ton. The futures disk was red across the board, and the market volume was heavy.
In terms of steel mills: 3 steel mills released price adjustment policies this week. Maintenance: No steel mills have issued maintenance policies this week.
2. Price
This week, the price of excellent and special steel was weak, and the price of 45# fell by 33 yuan/ton compared with Monday; the rest of the varieties fell by 10-44 yuan.
3. Regional spread
From the perspective of regional spreads, as prices in mainstream cities fell, the spreads rose and fell, and remained generally stable.
4. Transactions
This week, the national special steel transaction volume was 66,900 tons, an increase of 29,400 tons or 78.72% over Monday's trading day.
5. Conclusion
It is expected that the market price of excellent special steel will run under pressure next week.
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