Weekly Summary: 2023 China Bearing Steel Market Trend in Fifth Week of March Up Slightly
Weekly Summary: 2023 China Bearing Steel Market Trend in Fifth Week of March Up Slightly
Overview: This week, the national high-quality special steel prices fluctuated within a narrow range, and the overall performance of the market has improved compared with last week. With the rise of futures this week, most of the spot prices remained stable for shipments, and the transaction volume increased compared with last week. In terms of supply, the output of premium special steel may continue to increase slightly, and the supply of steel mills is still high in the short term. In terms of inventory, the survey found out that the cost of maintaining warehouse inventory on the trading side, some brands or specifications are shipped upside down, so the orders in the factory decreased, the factory warehouse increased significantly, and the social warehouse dropped slightly. In terms of demand, the overall feedback from the premium and special steel market in March was weak, and downstream replenishment was cautious.
【Market Summary】
This week, the prices of mainstream special steel varieties fell slightly. 45# closed at 4570yuan/ton, up 6 yuan/ton from last week. 40Cr received 4800 yuan/ton, an increase of 5 yuan/ton compared with last week. 20CrMnTi closed at 4920 yuan/ton, an increase of 5 yuan/ton compared with last week. 35/42CrMo closed at 5,605 yuan/ton, an increase of 7yuan/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 up slightly next week. (unit: yuan/ton)
【Next week forecast】
It is expected that the market price of excellent special steel will up slightly next week.
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