Weekly Summary: 2023 China Bearing Steel Market Trend in First Week of May Down Sharply
Weekly Summary: 2023 China Bearing Steel Market Trend in First Week of May Down Sharply
Overview: This week the national special steel prices continue to fall, the overall market performance is not good. From the supply point of view, the production of special steel increase stably slightly. From the inventory point of view, the current factory warehouse continues to rise, the social bank is more balanced. Demand point of view, the holiday demand is weak with few transactions, after the holiday affected by the price drop, the market transaction is depressed. By the price continues to fall and the impact of low transaction, market confidence is frustrated, the future market expectations are not good.
【Market Summary】
This week, the prices of mainstream special steel varieties fell sharply. 45# closed at 4233yuan/ton, down 300 yuan/ton from last week. 40Cr received 4255 yuan/ton, an decrease of 233 yuan/ton compared with last week. 20CrMnTi closed at 4208yuan/ton, an decrease of 220 yuan/ton compared with last week. 35/42CrMo closed at 5,180yuan/ton, an decrease of 209yuan/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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