Weekly Summary:2022 China Bearing Steel Market Trend in Third Week of July Up slightly

Weekly Summary:2022 China Bearing Steel Market Trend in Third Week of July Up slightly

1. Excellent and Special Steel Market Data

This week, Hangzhou, the main market of national quality and special steel, received 4,180 yuan/ton, and Shandong received 4,180 yuan/ton, with no price difference in leading cities.

2. This Week's Inventory of Excellent Special Steel

Factory warehouse: 46 steel mills have a total inventory of 1,534,000 tons of special steel, an increase of 46,100 tons from the previous month and an increase of 254,100 tons from the same period last year.

Social library: The total inventory of 111 samples was 862,300 tons, a decrease of 22,500 tons month-on-month and a year-on-year decrease of 41,600 tons.

Social library: The total inventory of 152 samples was 1,085,300 tons, a decrease of 25,800 tons month-on-month and a year-on-year decrease of 82,300 tons.

3. Inventory of Steel Mills in Major Cities this Week

The total inventory of Jiangsu Youte Steel Plant was 515,000 tons, an increase of 44,500 tons from the previous month.

The inventory of Shandong Youte Steel Plant increased by 28,200 tons to 330,500 tons.

4. This Week's National Special Steel Trading Volume

This week, the average daily trading volume of excellent special steel was 57,340 tons, an increase of 26,760 tons or 87.51% from the previous month.

5. Production Situation of Excellent Special Steel

In June, the national output of excellent and special steel bars (34 samples) was 3.11 million tons, an increase of 41,100 tons from the previous month and a decrease of 96,100 tons from the same period last year.

In June, the national output of excellent and special steel bars (46 samples) was 3.78 million tons, a month-on-month increase of 30,000 tons and a year-on-year decrease of 212,100 tons.

The actual production of hot-rolled billets in June was 408,000 tons, an increase of 13,000 tons compared with May and a month-on-month increase of 1.33%; the planned production of hot-rolled billets in July 2022 was 422,000 tons, an increase of 14,000 tons compared with the actual output in June. The actual capacity utilization rate increased by 1.43% in June.

The actual production of continuous casting billets in June was 383,000 tons, a decrease of 14,000 tons compared with the actual output in May, a decrease of 2.47% from the previous month; the planned production of continuous casting billets in July 2022 was 330,000 tons, a decrease of 53,000 tons from the actual output in June. , and the actual capacity utilization rate in June decreased by 9.35%.

6. Market Forecast

According to the survey data on the market sentiment of U-Special Steel, 25.93% of companies are bearish for next week, 6.79% of companies are bullish for next week, and 67.28% of companies believe that they are in a consolidation operation.