Weekly Summary: 2023 China Bearing Steel Market Trend in Fourth Week of March Down Slightly
Weekly Summary: 2023 China Bearing Steel Market Trend in Fourth Week of March Down Slightly
Overview: This week, the national high-quality special steel prices fell slightly, and the overall market performance was weak. This week, as the futures market fluctuated and went down, the spot price dropped slightly, and the conch futures fluctuated, which affected the market sentiment. The market's willingness to buy goods was not strong, and the transaction performance was not good. In terms of steel mills, the production of each steel mill is stable, and there is no new maintenance plan for the time being. In terms of supply and demand, at present, the supply and demand of high-quality special steel in the country maintain a weak balance, and the overall market digestion is slow.
【Market Summary】
This week, the prices of mainstream special steel varieties fell slightly. 45# closed at 4564yuan/ton, down 32 yuan/ton from last week. 40Cr received 4795 yuan/ton, an decrease of 25 yuan/ton compared with last week. 20CrMnTi closed at 4915 yuan/ton, an decrease of 35 yuan/ton compared with last week. 35/42CrMo closed at 5,598 yuan/ton, an decrease of 16yuan/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 down slightly next week. (unit: yuan/ton)
【Next week forecast】
It is expected that the market price of excellent special steel will down slightly next week.
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