Weekly Summary: 2023 China Bearing Steel Market Trend in First Week of February was Fluctuate
Weekly Summary:2023 China Bearing Steel Market Trend in First Week of February was Fluctuate
Overview: With the end of the Spring Festival holiday, markets across the country have opened one after another, and market prices have ushered in a good start. This week, the national high-quality special steel prices rose first and then fell. Affected by rising raw materials and cost increases, steel mills have pulled up prices one after another, and the market is actively following up. However, the terminal has not yet started, the downstream operating rate is low, and the demand is slowly released.
【Market Summary】
Prices of mainstream varieties of excellent special steel
This week, the prices of mainstream special steel varieties rose sharply, among which 45# received 4511 yuan/ton, an increase of 96 yuan/ton compared with before the Spring Festival; 40Cr received 4746 yuan/ton, an increase of 99 yuan/ton compared with before the festival; The ton rose by 90 yuan/ton compared with before the festival, and 35/42CrMo closed at 5,542 yuan/ton, an increase of 80 yuan/ton compared with before the festival.
Steel mills: No steel mills have introduced price adjustment policies this week. Maintenance: No steel mills have issued maintenance policies this week. It is expected that the market price of excellent and special steel will be fluctuate next week. (unit: yuan/ton)
【Next week forecast】
It is expected that the market price of excellent special steel will be fluctuate.
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