Weekly Summary: 2023 China Bearing Steel Market Trend in First Week of April Down Slightly
Weekly Summary: 2023 China Bearing Steel Market Trend in First Week of April Down Slightly
Overview: This week, the national high-quality special steel prices fell slightly, and the overall market performance was mediocre. This week, as the futures fluctuated, the spot price fell, and the transaction decreased compared with last week. In terms of supply, the output of high-quality special steel tends to be stable, and there is no major increase in the short term. In terms of inventory, according to the survey on Thursday, it was found that the current factory warehouses and social warehouses are all in a downward trend, which is relatively low year-on-year. The market is cautiously operating, and the overall inventory pressure is not great. In terms of demand, the overall feedback from the high-quality special steel market has been weak since April, and due to the impact of futures market shocks and price fluctuations, market transactions have been sluggish.
【Market Summary】
This week, the prices of mainstream special steel varieties fell slightly. 45# closed at 4550yuan/ton, down 20 yuan/ton from last week. 40Cr received 4760 yuan/ton, an decrease of 40 yuan/ton compared with last week. 20CrMnTi closed at 4890 yuan/ton, an decrease of 30 yuan/ton compared with last week. 35/42CrMo closed at 5,590 yuan/ton, an decrease of 15yuan/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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