42CrMo4 steel price jumps up

During Chinese New Year holiday, the government advocates "Celebrating the Chinese new year on the working city". The number of spring shipment is greatly reduced, and the speed of resumption of work after the holiday is expected to be faster than in previous years. With the opening of the market after the festival, the downstream projects will gradually restart, the market resource circulation speed is expected to pick up, and the demand recovery is expected to provide support for the 42CrMo4 steel price.

42CrMo4 steel inventory growth is weaker than that of the same period of last year during the holiday, and it is still in the seasonal base stock stage 2-3 weeks after the holiday. It is expected that the total 42CrMo4 steel inventory will continue to grow, but the absolute value level will be lower than that of last year. Boosted by the economic recovery at home and abroad and the less than expected increase in inventory, 42CrMo4 grade steel continued the rising trend before the festival, and the downstream market will open one after another after the festival, testing the intensity of demand release.

On the whole, the price of 42CrMo4 steel materials is expected to fluctuate strongly, but if the release of demand is less than expected, the 42CrMo4 price may rise and fall.