Weekly Summary: 2023 China Bearing Steel Market Trend in Third Week of May Down Slightly
Weekly Summary: 2023 China Bearing Steel Market Trend in Third Week of May Down Slightly
Overview: This week, the market price of high-quality special steel fell slightly, and the overall market realization was average. As the snail futures fluctuated, the spot price dropped slightly. From the perspective of supply, the output of high-quality special steel tends to be stable this week; from the perspective of inventory, according to the investigation on Thursday, it is learned that the current factory and social warehouses have both dropped, and the inventory is at a low level in the same period in previous years. The market is cautious, and the overall inventory pressure is not large; It can be seen that the overall feedback from the excellent special steel market is average, and the market transactions are acceptable.
【Market Summary】
This week, the prices of mainstream special steel varieties fell slightly. 45# closed at 4085yuan/ton, down 104 yuan/ton from last week. 40Cr received 3989 yuan/ton, an decrease of 216 yuan/ton compared with last week. 20CrMnTi closed at 4008yuan/ton, an decrease of 160 yuan/ton compared with last week. 35/42CrMo closed at 4996 yuan/ton, an decrease of 148 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 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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