Weekly Summary: 2023 China Bearing Steel Market Trend in Second Week of May Down Slightly
Weekly Summary: 2023 China Bearing Steel Market Trend in Second Week of May Down Slightly
Overview: This week the national special steel price first up after down, the overall market performance in general. From the point of supply, the output of special steel is stable. From the inventory point of view, both the factory and social warehouses fell, and the market inventory was at a low level. From the point of view of demand, demand has not been significantly released, the downstream continues to wait and see, the market transaction is not good. Affected by the price shock, the market is not confident, the future market is not good.
【Market Summary】
This week, the prices of mainstream special steel varieties fell slightly. 45# closed at 4189yuan/ton, down 44 yuan/ton from last week. 40Cr received 4205 yuan/ton, an decrease of 50 yuan/ton compared with last week. 20CrMnTi closed at 4168yuan/ton, an decrease of 40 yuan/ton compared with last week. 35/42CrMo closed at 5,144yuan/ton, an decrease of 36yuan/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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