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

Weekly Summary: 2023 China Bearing Steel Market Trend in Second 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. At the beginning of this week, with the rise of the futures market, the spot price rose slightly, but the terminal purchases were still mainly cautious and wait-and-see, and the transaction performance was average. In terms of steel mills, the production of each steel mill is stable, and there is no new maintenance plan for the time being. Details are as follows:

【Price review this week】

This week, the prices of mainstream special steel varieties rose slightly, of which 45# closed at 4090 yuan/ton, up 15 yuan/ton from last week; 40Cr closed at 4325 yuan/ton, up 12 yuan/ton from last week; 20CrMnTi closed at 4499 yuan/ton tons, up 16 yuan/ton from last week; CrMo closed at 5358 yuan/ton, up 10 yuan/ton from last week.

This week, Hangzhou, the main market for high-quality special steel in the country, closed at 4,040 yuan/ton, Shandong at 3,780 yuan/ton, and the price difference in leading cities was 260 yuan/ton.

From June 10th to June 16th, the price adjustments of major premium and special steel mills across the country are as follows: In this period, a total of 12 steel mills released price adjustment information, and a total of 13 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 4060 yuan/ton, and Hangzhou Iron and Steel is 4040 yuan/ton, which is 10 yuan/ton higher than last week.

Jiangsu market: The price of Jiangsu excellent special steel fluctuates upwards. Now 45# Huaigang is 4,050 yuan/ton, Dongfang 4,010 yuan/ton; In terms of steel mills, the total bar inventory of Jiangsu Youte Steel Plant was 423,000 tons, an increase of 1,000 tons from last week, an increase of 0.23% from the previous month, a decrease of 22,000 tons from the same period last year, and a year-on-year decrease of 4.94%.

Shandong market: The price of Shandong special steel market has risen slightly this week. The direct price of 45# steel mills: steel investment 3780-3800 yuan/ton, Luli 3780 yuan/ton, Fulun 3780 yuan/ton, Xiwang stick 4170 Yuan/ton, Weigang 3940 yuan/ton, Juneng 3950 yuan/ton, Laigang Special Steel Laiwu market 20CrMnTi4370 yuan/ton. In terms of inventory: the inventory of Shandong Youte Steel Works was 251,000 tons, an increase of 0,500 tons, or 0.20%, 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#4100 yuan/ton, Xining special steel 45#4150 yuan/ton, 40Cr4350 yuan/ton, 20CrMnT4500 yuan/ton, CrMo5450 yuan/ton, Hunan Iron and Steel 45#4130 yuan/ton, 40Cr4330 yuan/ton, 20CrMnTi4500 yuan/ton, CrMo5450 yuan/ton. In terms of inventory, the total stock of bars in the Chongqing market was 82,400 tons, a decrease of 3,900 tons from last week.

South China market: This week, the market price of high-quality special steel in South China remained stable 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 is slightly adjusted compared with last week. The current market price of Zhengzhou 45# Jinan Steel is 4260 yuan/ton, which is 30 yuan/ton higher than last week; Changsha 45# Hunan Iron and Steel is 4070 yuan/ton, which is 10 yuan/ton lower than last week; Wuhan 45# Xianggang is 3990 yuan / ton, down 10 yuan / ton from 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 3910 yuan/ton (national standard), Lingyuan Iron and Steel 3960 yuan/ton, Tongyuan Iron and Steel 3960 yuan/ton, Jianlong Beiman 3960 yuan/ton, 40Cr Linggang 4190 yuan/ton, 20CrMnTi Benxi Iron and Steel 4920 yuan/ton, CrMo Benxi Iron and Steel 5320 yuan/ton.

North China market: This week, the market price of high-quality special steel in North China is generally stable compared with last week. At present, the market price in Tianjin is 4080 yuan/ton for 45# Linggang, 4000 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 3,900 yuan/ton to 3,950 yuan/ton; Xinxing Cast Pipe Warehouse will lift 3,900 yuan/ton to 3,940 yuan/ton; Changgang will send 3,750 yuan/ton/ton to 3,820 yuan/ton .

【Inventory Performance】

As of June 15, the total inventory of national high-quality special steel bar samples was 1.9779 million tons, an increase of 12,600 tons or 0.64% over the same period last week. The month-on-month decrease was 125,000 tons, and the year-on-year decrease was 320,300 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 snails fluctuated upwards, the market spot price rose slightly, but the willingness of the terminal to purchase was not strong, and the transaction situation was not satisfactory. As of June 16, the average daily turnover of sample trading companies this week was 49,200 tons, a decrease of 4,100 tons or 7.69% from last week.

【Forecast for next week】

Judging from the above situation, the national high-quality special steel market prices rose slightly this week. It is expected that the market price of premium special steel will fluctuate and adjust next week.