Weekly summary:2022 China Bearing Steel market trend in fourth week of June fell slightly
【Market Summary】
The price of special steel in the national market fell slightly this week. As of press time, the national average price of 45# carbon knotted round steel Ф29-85 was 4738, down 240 from last week. The leading market is Hangzhou Kuti 4650, Wuxi Kuti 4650, and Shandong Zhifa 4480. The futures market fluctuated strongly, and the market transactions were acceptable.
In terms of steel mills: this week, a steel mill issued a price adjustment policy, and Tiangang Superior Steel raised its price by 30. Maintenance: 4 steel mills issued maintenance policies this week. Linyi Jiangquan plans to stop production in July and is expected to start trial production in August, which is expected to affect the average daily output of φ60-130mm bars by 7,000 tons. Great Wall Special Steel plans to start production on June 20. From July 1, Laigang Special Steel plans to stop the production and maintenance of the bar production line, which is expected to affect the output of Φ16-310mm by 20,000 tons. Around, Rongcheng Special Steel plans to suspend production and maintenance of the round steel production line from May 1, and the resumption time is uncertain, which is expected to affect the average daily output of φ75-220mm bars of 1,600 tons. (unit: yuan/ton)
【Price】
The price of excellent and special steel fell slightly this week, and the price of 45# fell by 240 yuan/ton; the other varieties fell by 184-291 yuan/ton.
【Regional spread】
From the perspective of regional spreads, there were mixed ups and downs.
【Forecast】
It is expected that the market price of excellent special steel may continue to operate under pressure next week.
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