Since March, bearing steel prices have stabilized and rebounded in the Youte Steel Market, and it seems that there is a clear contrast with the drop in the prices of some special steels. The operators expressed cautious optimism about the market of bearing steel in the second quarter and believed that with the steady development of China’s bearing manufacturing industry, the demand for bearing steel will gradually be released, and the bearing steel market in the second quarter will gradually warm up, expecting stable prices and stable prices. There is a rise.
According to feedback from some steel traders in the sales, the market price of bearing steel in some domestic regions has shown a slight upward trend recently. For example, the price of bearing steel in the Luoyang Youte Steel Market rose slightly, and GCr15 (?16mm-50mm) produced by Shigang Steel. ) Thermal withdrawal price 5650 yuan / ton, Shigang GCr15 (? 16mm-30mm) continuous casting non-annealed material price 4950 / ton; Xinye steel production GCr15 (? 50mm-130mm) die-cast annealing material offer 7700 yuan / ton , Long special production GCr15Φ45mm continuous casting annealed material offer 5650 yuan / ton out of stock, continuous casting is not annealed material offer 4,800 yuan / ton, Xining GCr15 (Φ25mm-70mm) continuous casting not annealed material offer 4950 yuan / ton. The price of bearing steel in Youte Steel Market in Chengdu has also rebounded. There are few resources available in the market and the transaction status of merchants is fair. In other regions, the bearing steel market is mostly stable, and the price is mainly stable.
According to the follow-up research conducted by the production and operation departments of some special steel manufacturers, the market price of bearing steel during this period generally rose steadily. In the first trading week of March, the price index of the bearing steel market rose by 0.3 from the previous week. Seen from the monthly index In February, the price index of bearing steel increased by 3.0 from last month, which was higher than the increase in the prices of gear steel and structural steel. This week, the average price of the bearing steel market in the country rose by 38 yuan/ton over the previous week.
The reason for the slight rebound in the market price of bearing steel is that, according to some operators, one of the reasons is that the ex-factory price of steel mills has been raised, and the purchase cost of traders has risen, which has driven up the price of spot market. Some steel mills set the price policy of Youte Steel on February 26th, in which the ex-factory price of bearing steel was raised by RMB 200/t. The ex-factory price increase of steel mills is mainly due to the high market prices of iron ore, coke, and high-chromium steel raw materials, which continue to operate at high levels, causing the production of bearing steels to climb continuously, rigid cost-driven, and prompting the ex-factory prices of steel mills. Increased prices further boosted the market price of bearing steel.
From the perspective of the transaction status of the bearing steel market, steel traders are generally in sales and shipments are not very satisfactory. However, the merchants are "very conscious of price" and are unwilling to cut prices even when sales are not so smooth. This is because the ex-factory price of steel mills has been raised, the cost of purchases by merchants has risen, and it is generally at a relatively high level. Rigid cost support has increased, which has curbed the decline in prices to a large extent, otherwise, traders would have to run at a loss.
In addition, steel traders are looking forward to the market in the later period, especially to the market for bearing steel in the second quarter. They are not in a hurry to ship products, and they are even less willing to sell at a low price and operate at a loss. "Can not sell, let go; Loss to sell, can not be reconciled." Many businesses are stable, and the rise and fall of steel prices are more rational and rational. Panic low-cost sell-offs have been rare.
An owner of a steel trading company interviewed by reporters said that the company’s existing inventory of bearing special steel, including special steel, has several thousand tons, which is not small. When the market is going up, they are quick to get a hold of the goods, and when they are in a bad market, they are not in a hurry. The back market will be good. It is because of its own funds. There is no bank loan, and there is no pressure to pay interest. Doing business and doing everything in your life can't do business at a loss.
When analyzing the trend of the bearing steel market in the second quarter, operators believe that there are many favorable factors in the bearing steel market in the second quarter, and the price is also expected to stabilize, or increase steadily, and the apparently falling market conditions cannot emerge.
Based on this judgment, the operators believe that the entire steel market, including bearing steel, entered the peak season in the second quarter, and demand was released to support the steel market's stabilization and operation. For the bearing steel market, the driving force for effective demand from downstream terminals may be stronger.
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