Weekly summary:2022 China Bearing Steel market trend in second week of June will be generally stable
【Market Summary】
This week, the price of excellent and special steel in the national market was generally stable. As of press time, the national average price of 45# carbon knotted round steel Ф29-85 was 5099, up 13 from last week. The leading market is Hangzhou Kuti 5070, Wuxi Kuti 5070, and Shandong Zhifa 4880. The futures disk fluctuated within a narrow range, and the market turnover was light.
Steel mills: 2 steel mills introduced price adjustment policies this week, Xinxing Casting Pipe was rose by 50, and Tiangang Excellent Steel was lowered by 20. Maintenance: No steel mills have issued maintenance policies this week. (unit: yuan/ton)
【Price】
The price of excellent and special steel was generally stable this week, and the price of 45# rose by 13 yuan/ton; the other varieties rose by 9-22yuan/ton.
【Regional spread】
From the perspective of regional spreads, the spreads in mainstream cities have generally remained stable, and some have shrunk slightly.
【Forecast】
It is expected that the market price of excellent special steel will run under pressure next week.
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