Weekly Summary: 2023 China Bearing Steel Market Trend in Second Week of April Down
Weekly Summary: 2023 China Bearing Steel Market Trend in Second Week of April Down
Overview: This week, the national high-quality special steel prices fluctuated and fell, and the overall market performance was average. In terms of supply, the output of high-quality special steel is relatively stable, and there is no major fluctuation in the short term. In terms of inventory, according to the survey on Thursday, it is learned that the current factory inventory continues to rise, and the social inventory has decreased. This week, spot merchants are cautious in operating in the volatile market. In terms of demand, the market relies on rigid demand to support spot sales, and the drop in market fluctuations directly affects spot prices. Downstream customers mainly wait and see the market and are less willing to hoard materials. If the spot price stabilizes in the short term, the market may usher in a small peak of transactions before Labor Day.
【Market Summary】
This week, the prices of mainstream special steel varieties fell slightly. 45# closed at 44920yuan/ton, up 96 yuan/ton from last week. 40Cr received 4729 yuan/ton, an decrease of 417 yuan/ton compared with last week. 20CrMnTi closed at 4895yuan/ton, an increase of 90 yuan/ton compared with last week. 35/42CrMo closed at 5,822 yuan/ton, an increase of 327 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 down sharply next week. (unit: yuan/ton)
【Next week forecast】
It is expected that the market price of excellent special steel will down sharply next week.
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