Weekly Summary: 2023 China Bearing Steel Market Trend in Third Week of July Down Slightly

Weekly Summary: 2023 China Bearing Steel Market Trend in Third Week of July Down Slightly

Overview: The national high-quality special steel prices fell slightly this week, and the black futures market fluctuated upwards, failing to drive spot prices. Weak demand led to a dark drop in transaction prices, and the market trading atmosphere was weak. 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 current factory warehouse has slightly increased, and the social warehouse has slightly decreased, and the market operation is cautious. Details are as follows:

【Price review this week】

This week, the prices of mainstream special steel varieties fell slightly, of which 45# closed at 4050 yuan/ton, down 8 yuan/ton from last week; 40Cr closed at 4289 yuan/ton, down 9 yuan/ton from last week; 20CrMnTi closed at 4439 yuan/ton tons, down 17 yuan/ton from last week; CrMo closed at 5,274 yuan/ton, down 18 yuan/ton from last week.

This week, Hangzhou, the main market for high-quality special steel in the country, closed at 3,980 yuan/ton, Shandong closed at 3,790 yuan/ton, and the price difference in leading cities was 190 yuan/ton.

From July 15th to July 21st, the price adjustments of major premium and special steel mills across the country are as follows: a total of 8 steel mills released price adjustment information in this period, and a total of 8 price adjustment information were released. The price adjustment of steel mills this week is mainly based on stability. 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 4000 yuan/ton, and that of Hangzhou Iron and Steel Co., Ltd. is 3970 yuan/ton, down 10 yuan/ton from last week.

Jiangsu market: The price of Jiangsu excellent special steel is fluctuating. Now 45# Huaigang is 4,000 yuan/ton, Dongfang 3,960 yuan/ton; In terms of steel mills, the total bar inventory of Jiangsu Youte Steel Plant was 453,000 tons, an increase of 2,200 tons from last week, an increase of 0.49% from the previous week, a decrease of 119,000 tons from the same period last year, and a year-on-year decrease of 20.80%.

Shandong market: The price of Shandong excellent special steel market fluctuated within a narrow range this week. The direct price of 45# steel mills: steel investment 3800 yuan/ton, Luli 3790 yuan/ton, Fulun 3810 yuan/ton, Xiwang stick 4200 yuan / ton, Weigang 3920 yuan / ton, Juneng 3920 yuan / ton, Laiwu Steel Special Steel Laiwu market 20CrMnTi4310 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.

South China market: This week, the market price of high-quality special steel in South China dropped by 10 yuan/ton compared with last week. At present, in the Guangdong market, 45# Hunan Iron and Steel 3910/ton, Shaoxing Iron and Steel 3910 yuan/ton, Xinxing cast pipe 3880 yuan/ton, and 40Cr Hunan Iron and Steel 4110 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 stable compared with last week; Changsha 45# Hunan Iron and Steel is 4000 yuan/ton, which is 30 yuan/ton lower than last week; The price dropped by 20 yuan/ton compared with last week.

Northeast market: This week, the market price of premium special steel in Northeast China remained stable 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 price of high-quality special steel in North China fell slightly compared with last week. At present, the market price in Tianjin is 4050 yuan/ton for 45# Linggang, 4040 yuan/ton for Benxi Iron and Steel, 4030 yuan/ton for Jianlong, and 3850 yuan/ton for Tiangang (the market price of Rongcheng Steel Factory is 4050 yuan/ton).

This week, the market price of high-quality steel in Handan rose slightly. At present, 45# Shagang Plant will deliver 3,900 yuan/ton to 3,950 yuan/ton; Xinxing cast pipe warehouse will deliver 3,890 yuan/ton to 3,930 yuan/ton; Changgang will directly send 3,810 yuan/ton/warehouse to 3,880 yuan/ton .

【Inventory Performance】

As of July 20, the total inventory of national high-quality special steel bar samples was 2.0245 million tons, an increase of 11,100 tons or 0.55% over the same period last week. The month-on-month decrease was 0.05 million tons, and the year-on-year decrease was 371,900 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 sentiment of the national high-quality special steel market is average, and rigid demand is the main focus. In this cycle, the snail fluctuates upward within a narrow range, but the demand release is insufficient, and the trading atmosphere is weak. As of July 20, the average daily turnover of sample trading companies this week was 48,100 tons, a decrease of 4.37% from 2,200 tons last week.

【Forecast for next week】

Judging from the above situation, the national high-quality special steel market prices fell slightly this week. It is expected that the premium special steel market will stabilize and strengthen next week.