Weekly Summary: 2023 China Bearing Steel Market Trend in Fourth Week of June Down Slightly

Weekly Summary: 2023 China Bearing Steel Market Trend in Fourth Week of June Down Slightly

Overview: The national high-quality special steel prices fell slightly this week, the market trading atmosphere was relatively positive, and the transaction performance was acceptable. In terms of supply, the output of high-quality special steel tends to be stable; in terms of inventory, according to the investigation on Thursday, it is learned that the factory warehouse has increased slightly and the social warehouse has decreased. Details are as follows:

【Price review this week】

This week, the prices of mainstream special steel varieties fell slightly, of which 45# closed at 4082 yuan/ton, down 5 yuan/ton from last week; 40Cr closed at 4318 yuan/ton, down 6 yuan/ton from last week; 20CrMnTi closed at 4480 yuan/ton tons, down 12 yuan/ton from last week; CrMo closed at 5322 yuan/ton, down 12 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 3,790 yuan/ton, and the price difference in leading cities was 250 yuan/ton.

From June 24th to June 30th, the price adjustments of the main premium and special steel mills in the country are as follows: a total of 1 steel mill released price adjustment information in this period, and a total of 1 price adjustment information was released. Steel mills raised prices this week. 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 the same as last week.

Jiangsu market: The price of Jiangsu excellent special steel is consolidating and running. Now 45# Huaigang is 4040 yuan/ton, Dongfang 4000 yuan/ton; gear Laigang 4360 yuan/ton, chrome molybdenum Laigang 5150 yuan/ton. In terms of steel mills, the total bar inventory of Jiangsu Youte Steel Plant was 472,000 tons, an increase of 27,000 tons from last week, a month-on-month increase of 6.07%, a decrease of 39,000 tons from the same period last year, and a year-on-year decrease of 7.63%.

Shandong market: The price of Shandong excellent special steel market rose slightly this week, and the direct price of 45# steel mills: Steel Investment 3820 yuan/ton, Luli 3790 yuan/ton, Fulun 3830 yuan/ton, Xiwang Dabang 4200 yuan/ton Ton, Weigang 3960 yuan / ton, Juneng 3960 yuan / ton, Laiwu Steel Special Steel Laiwu market 20CrMnTi4380 yuan / ton. In terms of inventory: the inventory of Shandong Youte Steel Works was 255,300 tons, an increase of 3,800 tons, or 1.50%, from the previous month. In terms of the market: the market weakened at the beginning of the week, and the price fell by 10-30 yuan/ton.

Chongqing market: This week, the market price of Chongqing excellent special steel is temporarily stable 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 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 82,100 tons, an increase of 1,000 tons from last week.

South China market: This week, the market price of high-quality special steel in South China dropped by 40 yuan/ton compared with last week. At present, in the Guangdong market, 45# Hunan Iron and Steel 3990/ton, Shaoxing Iron and Steel 3990 yuan/ton, Xinxing cast pipe 3960 yuan/ton, and 40Cr Hunan Iron and Steel 4190 yuan/ton in the Guangdong market.

Central China market: This week, the market price of high-quality special steel in Central China fell slightly compared with last week. The current market price of Zhengzhou 45# Jinan Steel is 4290 yuan/ton, which is 30 yuan/ton higher than last week; Changsha 45# Hunan Iron and Steel is 4040 yuan/ton, which is 20 yuan/ton lower than last week; Wuhan 45# Xianggang is 3980 yuan / ton, down 10 yuan / ton from last week.

Northeast market: This week, the market price of high-quality special steel in Northeast China fell 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 dropped slightly compared with last week. At present, the market price in Tianjin is 4060 yuan/ton for 45# Linggang, 4020 yuan/ton for Benxi Iron and Steel, 4040 yuan/ton for Jianlong, and 3850 yuan/ton for Tiangang (the market price of Rongcheng Steel Plant is 4060 yuan/ton).

This week, the market price of high-quality steel in Handan rose sharply. At present, 45# Shagang Plant will deliver 3,910 yuan/ton to 3,960 yuan/ton; Xinxing cast pipe warehouse will deliver 3,900 yuan/ton to 3,940 yuan/ton; Changgang will directly send 3,800 yuan/ton/warehouse to 3,870 yuan/ton .

【Inventory Performance】

As of June 29, the total inventory of national high-quality special steel bar samples was 2.0916 million tons, an increase of 66,600 tons or 3.29% over the same period last week. The month-on-month increase was 47,100 tons, and the year-on-year decrease was 288,400 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 demand in the national high-quality special steel market is slowly released, and the transaction is acceptable. But this week, with the fluctuation of snails, the market spot price fluctuated slightly. As of June 30, the average daily turnover of sample trading companies this week was 54,200 tons, an increase of 12,200 tons or 29.04% from last week.

【Forecast for next week】

Judging from the above situation, the price of the national high-quality special steel market fell slightly this week, and the transaction was acceptable. It is expected that the excellent special steel market will run steadily next week.