Weekly Summary:2023 China Bearing Steel Market Trend in Fourth Week of February Rose Slightly
Weekly Summary:2023 China Bearing Steel Market Trend in Fourth Week of February Rose Slightly
Overview: The national high-quality special steel prices rose slightly this week, and the overall market performance was acceptable. With the sharp rise in the price of snail futures, market confidence has been restored and the market trading atmosphere has improved. With the gradual increase in the operating rate, the demand has been released, and the transaction volume has increased significantly. In terms of inventory, factory warehouses and corporate warehouses have both dropped, the overall inventory pressure is average, and the agreed volume is in a normal digestion state. In terms of steel mills, the production of various resource factories is relatively stable, and the output of round steel in some areas has declined slightly except for routine maintenance.
【Market Summary】
This week, the prices of mainstream special steel varieties fell slightly. 45# closed at 4526 yuan/ton, up 48 yuan/ton from last week. 40Cr received 4750 yuan/ton, an increase of 34 yuan/ton compared with last week. 20CrMnTi closed at 4902yuan/ton, an increase of 30yuan/ton compared with last week. 35/42CrMo closed at 5,559yuan/ton, an increase of 27 yuan/ton compared with last week.
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 rise slightly next week. (unit: yuan/ton)
【Next Week Forecast】
It is expected that the market price of excellent special steel will be rise slightly.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
