Weekly Summary: 2023 China Bearing Steel Market Trend in Fourth Week of April Down Sharply
Weekly Summary: 2023 China Bearing Steel Market Trend in Fourth Week of April Down Sharply
Overview: This week the national special steel prices fell sharply, the overall market performance is not good. In terms of supply, the output of special steel is temporarily stable, and there is no phenomenon of large-scale overhaul and production reduction in the short term. From the inventory point of view, the current factory warehouse continues to rise, the social bank is more balanced; From the perspective of demand, the market relies on the rigid demand to support spot sales, and the low plate shock and spot price drop, so that the downstream customers are less willing to hoard materials before the festival, and the demand continues to be weak. Trade before and after the May Day to go quantity change, some areas of low volume is OK, but the overall market transaction is not good.
【Market Summary】
This week, the prices of mainstream special steel varieties fell slightly. 45# closed at 4533yuan/ton, down 387 yuan/ton from last week. 40Cr received 4488 yuan/ton, an decrease of 241 yuan/ton compared with last week. 20CrMnTi closed at 4428yuan/ton, an decrease of 467 yuan/ton compared with last week. 35/42CrMo closed at 5,389 yuan/ton, an increase of 433 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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