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

Resource from:  CBCC Likes:187
Aug 06,2022

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

1. Excellent and special steel market data

This week, Hangzhou, the main market of high-quality special steel in the country, received 4180 yuan/ton, Shandong received 4230 yuan/ton, and the price difference of leading cities was 50 yuan/ton.


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2. This week's inventory of excellent special steel

Factory warehouse: The total inventory of excellent and special steel in 46 steel mills is 1.4748 million tons, a decrease of 59,200 tons from the previous month and an increase of 185,500 tons from the same period last year.

Social library: The total inventory of 111 samples was 845,400 tons, a decrease of 16,900 tons from the previous month and a decrease of 61,100 tons from the same period last year.

Social library: The total inventory of 152 samples was 1,077,600 tons, a decrease of 7,700 tons from the previous month and a decrease of 66,600 tons from the same period last year.

3. Inventory of steel mills in major cities this week

The total inventory of Jiangsu Youte Steel Plant was 554,600 tons, down 3.04% from the previous month.

The inventory of Shandong Youte Steel Plant was 322,300 tons, down 22,700 tons.

4. This week's national special steel trading volume

This week, the average daily trading volume of excellent special steel was 60,080 tons, an increase of 2,740 tons or 4.78% from the previous month.

5. Steel mill price adjustment

From July 23rd to July 29th, the price adjustments of major excellent and special steel mills in the country are as follows: a total of 3 steel mills released price adjustment information in this issue, and a total of 7 times of price adjustment information were released. This issue of price adjustment of steel mills The prices of steel mills were mixed.

6. Market sentiment this week

According to the survey data on the market sentiment of excellent special steel, 15.43% of enterprises are bearish about next week, 17.28% of enterprises are bullish about next week, and 67.29% of enterprises believe that they are in a consolidation operation.


(CBCC)
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