Weekly Summary: 2023 China Bearing Steel Market Trend in Third Week of March Rose Slightly
Weekly Summary: 2023 China Bearing Steel Market Trend in Third Week of March Rose Slightly
Overview: This week, the national high-quality special steel prices rose slightly, and the overall performance of the market was mediocre. At the beginning of this week, with the rise of the futures market, the spot price rose slightly, but the terminal purchases were still mainly cautious and wait-and-see, and the transaction performance was average. In particular, the price of snail futures fluctuated in a wide range, which affected the market sentiment, the transaction slowed down, and the spot price fluctuated within a narrow range. In terms of steel mills, the production of each steel mill is stable, and there is no new maintenance plan for the time being.
【Market Summary】
This week, the prices of mainstream special steel varieties fell slightly. 45# closed at 4596 yuan/ton, up 56 yuan/ton from last week. 40Cr received 4820 yuan/ton, an increase of 11 yuan/ton compared with last week. 20CrMnTi closed at 4950 yuan/ton, an increase of 15 yuan/ton compared with last week. 35/42CrMo closed at 5,614 yuan/ton, an increase of 18 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 fluctuate with a narrow range next week. (unit: yuan/ton)
【Next week forecast】
It is expected that the market price of excellent special steel will be fluctuate with a narrow range next week.
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.
