Weekly Summary:2022 China Bearing Steel Market Trend in Third Week of August down slightly

Weekly Summary:2022 China Bearing Steel Market Trend in Third Week of August down 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. Inventory of excellent special steel this week

Factory warehouse: 46 steel mills have a total inventory of 1,312,600 tons of excellent and special steel, a decrease of 1,100 tons from the previous month and an increase of 59,100 tons from the same period last year;

Social library: The total inventory of 111 samples was 808,600 tons, a decrease of 5,600 tons from the previous month and a decrease of 91,800 tons from the same period last year;

Social library: The total inventory of 152 samples was 1,017,400 tons, down 6,100 tons month-on-month and 67,900 tons year-on-year.

3. Inventory of steel mills in major cities this week

The total bar inventory of Jiangsu Youte Steel Plant was 446,000 tons, an increase of 1.83% from the previous month.

The inventory of Shandong Youte Steel Plant was 287,800 tons, a slight decrease of 5,200 tons.

4. This week's national special steel trading volume

This week, the average daily trading volume of excellent special steel was 37,360 tons, down 4,360 tons or 10.45% 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, 38.27% of companies are bearish for next week, 3.09% of companies are bullish for next week, and 58.64% of companies believe that it is running in consolidation.