Weekly Summary:2022 China Bearing Steel Market Trend in First Week of August Up slightly

Weekly Summary:2022 China Bearing Steel Market Trend in First Week of August Up slightly

1. Excellent and special steel market data

This week, Hangzhou, the main market for high-quality special steel in the country, received 4,220 yuan/ton, and Shandong received 4,210 yuan/ton, with a price difference of 10 yuan/ton in the leading cities.

2. This week's inventory of excellent special steel

Factory warehouse: The total inventory of excellent and special steel in 46 steel mills was 1.3593 million tons, a decrease of 115,500 tons from the previous month and a year-on-year increase of 131,100 tons.

Social library: The total inventory of 111 samples was 836,900 tons, a decrease of 8,500 tons from the previous month and a decrease of 53,700 tons from the same period last year.

Social library: The total inventory of 152 samples was 1,053,100 tons, a decrease of 24,500 tons from the previous month and a decrease of 76,400 tons from the same period last year.

3. Inventory of steel mills in major cities this week

The total bar inventory of Jiangsu Youte Steel Plant was 484,000 tons, down 12.73% from the previous month.

The inventory of Shandong Youte Steel Plant was 301,100 tons, down 21,200 tons.

4. This week's national special steel trading volume

This week, the average daily transaction volume of excellent special steel was 46,180 tons, a decrease of 13,900 tons or 23.14% from the previous month.

5. Production situation of excellent special steel

In July, the national output of excellent and special steel bars (34 samples) was 2.72 million tons, a decrease of 387,200 tons from the previous month and a decrease of 404,000 tons from the same period last year.

In July, the national output of excellent and special steel bars (46 samples) was 3.4 million tons, a decrease of 381,200 tons from the previous month and a decrease of 426,000 tons from the same period last year.

The actual production of billet steel in July was 720,500 tons, a decrease of 31,500 tons from the planned output in July and a decrease of 70,500 tons from the actual output in June. The actual capacity utilization rate in July was 44.31%, which was lower than the actual capacity utilization rate in June. 6.82%; the actual output in July decreased by 33.71% year-on-year, and the planned output in August decreased by 13.62% year-on-year.

The actual production of continuous casting billets in July was 369,000 tons, a decrease of 14,000 tons compared with the actual output in June, and the capacity utilization rate was 65.08%, a decrease of 2.47% from the previous month; the planned production of continuous casting billets in August 2022 was 494,000 tons, which is the same as 7 The actual monthly output increased by 125,000 tons, and the planned capacity utilization rate of continuous casting billets in August 2022 was 87.13%, an increase of 22.05% from the actual capacity utilization rate in July.

6. Market sentiment this week

According to the survey data on the market sentiment of U-Special Steel, 28.10% of companies are bearish for next week, 5.23% of companies are bullish for next week, and 66.67% of companies believe that they are in a consolidation operation.