Weekly Summary: 2023 China Bearing Steel Market Trend in First Week of June Rose Slightly

Weekly Summary: 2023 China Bearing Steel Market Trend in First Week of June Rose Slightly

Overview: This week, the national high-quality special steel prices rose slightly, and the overall performance of the market was mediocre. The snail futures fluctuated upwards, and the overall transaction was average. From the perspective of supply, the supply of high-quality special steel production resources is sufficient; from the perspective of inventory, according to the investigation on Thursday, it is learned that the inventory of steel mills has decreased, and social inventory has increased slightly. Details are as follows:

【Price review this week】

This week, the prices of mainstream special steel varieties rose slightly, of which 45# closed at 4075 yuan/ton, up 41 yuan/ton from last week; 40Cr closed at 4313 yuan/ton, up 34 yuan/ton from last week; 20CrMnTi closed at 4483 yuan/ton tons, up 45 yuan/ton from last week; CrMo closed at 5348 yuan/ton, up 30 yuan/ton from last week.

This week, Hangzhou, the main market for high-quality special steel in the country, closed at 4,030 yuan/ton, Shandong at 3,730 yuan/ton, and the price difference in leading cities was 300 yuan/ton.

From June 2nd to June 9th, the price adjustments of major premium special steel mills across the country are as follows: In this period, a total of 3 steel mills released price adjustment information, and a total of 8 price adjustment information were released. This week, steel mills mainly adjusted their prices upwards. Next week, we should continue to pay attention to the impact of consumer demand and steel mill maintenance.

【Summary of major markets】

Zhejiang market: The price of Zhejiang market fluctuated and consolidated this week. The current price of 45# carbon knot round steel Huaigang is 4050 yuan/ton, and Hangzhou Iron and Steel is 4030 yuan/ton, which is 60 yuan/ton higher than last week.

Jiangsu market: The price of Jiangsu excellent special steel has risen slightly. Now 45# Huaigang is 4,040 yuan/ton, Dongfang 4,000 yuan/ton; In terms of steel mills, the total bar inventory of Jiangsu Youte Steel Plant was 422,000 tons, a decrease of 47,000 tons from last week, a decrease of 10.02% from the previous month, a decrease of 22,000 tons from the same period last year, and a decrease of 4.95% from the same period last year. , and the rest of the special steel mills are in normal production.

Shandong market: The price of Shandong excellent special steel market has risen sharply this week, and the direct price of 45# steel mills: Steel Investment 3750-3770 yuan/ton, Luli 3730 yuan/ton, Fulun 3730 yuan/ton, Xiwang Big Stick 4150 yuan/ton, Weigang 3910 yuan/ton, Juneng 3920 yuan/ton, Laigang Special Steel Laiwu market 20CrMnTi4350 yuan/ton. In terms of inventory: the inventory of Shandong Youte Steel Works was 250,500 tons, a decrease of 14,800 tons, or 5.60%, from the previous month.

Chongqing market: This week, the market price of Chongqing excellent special steel has increased by 50 yuan/ton compared with last week. The current market price is 45#4050 yuan/ton, Xining special steel 45#4100 yuan/ton, 40Cr4300 yuan/ton, 20CrMnT4480 yuan/ton, CrMo5450 yuan/ton, Hunan Iron and Steel 45#4080 yuan/ton, 40Cr4300 yuan/ton, 20CrMnTi4480 yuan/ton, CrMo5450 yuan/ton. In terms of inventory, the total stock of bars in the Chongqing market was 86,300 tons, a decrease of 5,300 tons from last week.

South China market: This week, the price of high-quality special steel in South China rose slightly compared with last week. At present, in the Guangdong market, 45# Hunan Iron and Steel 4060/ton, Shaoxing Iron and Steel 4060 yuan/ton, Xinxing cast pipe 4030 yuan/ton, and 40Cr Hunan Iron and Steel 4260 yuan/ton in the Guangdong market.

Central China market: This week, the market price of high-quality special steel in Central China rose slightly compared with last week. The current market price of Zhengzhou 45# Jinan Steel is 4230 yuan/ton, which is stable compared with last week; Changsha 45# Hunan Iron and Steel is 4080 yuan/ton, which is 30 yuan/ton higher than last week; The price rose by 30 yuan/ton compared with last week.

Northeast market: This week, the market price of premium special steel in Northeast China rose slightly compared with last Friday. The current market price in Shenyang is 45# Benxi Iron and Steel 3890 yuan/ton (national standard), Lingyuan Iron and Steel 3940 yuan/ton, Tongyuan Iron and Steel 3940 yuan/ton, Jianlong Beiman 3940 yuan/ton, 40Cr Linggang 4170 yuan/ton, 20CrMnTi Benxi Iron and Steel 4900 yuan/ton, CrMo Benxi Iron and Steel 5300 yuan/ton.

North China market: This week, the market price of high-quality special steel in North China rose slightly compared with last week. At present, the market price in Tianjin is 4080 yuan/ton for 45# Linggang, 4020 yuan/ton for Benxi Iron and Steel, 4060 yuan/ton for Jianlong, and 3780 yuan/ton for Tiangang (the market price of Rongcheng Steel Factory is 4080 yuan/ton).

This week, the market price of high-quality steel in Handan rose sharply. At present, 45# Shagang Plant will deliver 3,830 yuan/ton to 3,880 yuan/ton; Xinxing cast pipe warehouse will deliver 3,820 yuan/ton to 3,860 yuan/ton; Changgang will send 3,750 yuan/ton/ton to 3,820 yuan/ton .

【Inventory Performance】

As of June 8, the total inventory of national high-quality special steel bar samples was 1.9654 million tons, a decrease of 79,100 tons or 3.87% compared with the same period last week. The month-on-month decrease was 158,700 tons, and the year-on-year decrease was 323,800 tons.

【Supply side】

In terms of supply, our statistics on the production survey data of national excellent special steel factories show that in May, the national output of excellent special steel bars (34 samples) was 3.11 million tons, an increase of 11,000 tons from the previous month, and an increase of 42,000 tons from the same period last year; The output was 3.197 million tons, a month-on-month increase of 87,000 tons, and a year-on-year increase of 88,000 tons; in May, the national output of high-quality special steel bars (46 samples) was 3.813 million tons, a month-on-month increase of 4,000 tons and a year-on-year increase of 65,000 tons; June is expected to The output was 3.931 million tons, a month-on-month increase of 118,000 tons and a year-on-year increase of 154,000 tons.

【Demand side】

This week, the transactions in the national high-quality special steel market were average. This week, as the snail futures fluctuated and moved upward, the market spot price rose slightly. The current demand is general, and the market is in a strong wait-and-see mood. As of June 8, the average daily turnover of sample trading companies this week was 53,300 tons, a decrease of 1,100 tons or 2.02% from last week.

【Forecast for next week】

Judging from the above situation, the national high-quality special steel market prices rose slightly this week. In terms of the market, as the futures market fluctuated, the overall market turnover was average. In terms of steel mills, steel mills mainly adjust their prices upwards. The inventory of steel mills has decreased, and the social inventory has increased slightly; in terms of demand, the demand is weak, the transaction has not improved, and there are strong concerns about the market outlook. Combined with the above, it is expected that the market price of premium special steel will fluctuate and adjust next week.