Weekly Summary: 2023 China Bearing Steel Market Trend in Second Week of April Fluctuated
Weekly Summary: 2023 China Bearing Steel Market Trend in Second Week of April Fluctuated
Overview: This week, the price of high-quality special steel across the country fluctuated and went down, and the overall market performance was not good. This week's fluctuations in the disk directly affect the spot price. In terms of supply, the output of high-quality special steel tends to be stable, and there is no major fluctuation in the short term. In terms of inventory, according to the survey on Thursday, we learned that the current factory inventory is increasing, and the social inventory is decreasing. This week, in the volatile market, spot merchants operate cautiously, fast in and out, and high volume at low prices. In terms of demand, the overall feedback from the high-quality special steel market has been weak since April, and downstream customers' confidence in the market has weakened.
【Market Summary】
This week, the prices of mainstream special steel varieties fell slightly. 45# closed at 4396yuan/ton, down 154 yuan/ton from last week. 40Cr received 5146 yuan/ton, an increase of 386 yuan/ton compared with last week. 20CrMnTi closed at 4805 yuan/ton, an decrease of 85 yuan/ton compared with last week. 35/42CrMo closed at 5,495 yuan/ton, an decrease of 95yuan/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 fluctuate slightly next week. (unit: yuan/ton)
【Next week forecast】
It is expected that the market price of excellent special steel will fluctuate slightly next week.
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