Weekly Summary: 2023 China Bearing Steel Market Trend in Fifth Week of August Up Slightly

Weekly Summary: 2023 China Bearing Steel Market Trend in Fourth Week of September Up Slightly

Overview: This week, the national high-quality special steel prices rose slightly, and the overall market transactions were average. At the end of the week, the market fluctuated and went down, the downstream procurement enthusiasm was insufficient, and the market transactions were weak; in terms of inventory, according to the survey on Thursday, the current factory warehouses and social warehouses have all decreased slightly. However, the overall transaction is average; in terms of demand, the overall feedback from the high-quality special steel market has been weak since August, and downstream customers' confidence in the market has weakened, and they mainly wait and see. Details are as follows:

【Price review this week】

This week, the prices of mainstream special steel varieties rose slightly, of which 45# closed at 4062 yuan/ton, up 7 yuan/ton from last week; 40Cr closed at 4295 yuan/ton, up 7 yuan/ton from last week; 20CrMnTi closed at 4442 yuan/ton tons, up 1 yuan/ton from last week; CrMo closed at 5,277 yuan/ton, down 2 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 3,780 yuan/ton, and the price difference in leading cities was 200 yuan/ton.

From August 19th to August 25th, the price adjustments of major premium and special steel mills across the country are as follows: a total of 11 steel mills released price adjustment information in this period, and a total of 11 price adjustment information were released. This week, the steel mills' price adjustments were generally stable. 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 in Zhejiang market fluctuated this week. The current price of 45# carbon knot round steel Huaigang is 4,000 yuan/ton, and Hangzhou Iron and Steel is 3,980 yuan/ton, which is basically the same as last week.

Jiangsu market: The price of Jiangsu excellent special steel is generally stable. Now 45# Huaigang is 3990 yuan/ton, Dongfang 3970 yuan/ton; gear Laigang 4340 yuan/ton, chrome molybdenum Laigang 5170 yuan/ton. In terms of steel mills, the total bar inventory of Jiangsu Youte Steel Plant was 437,800 tons, a decrease of 14,200 tons from last week, a decrease of 3.14% from the previous week, a decrease of 23,200 tons from the same period last year, and a decrease of 5.03% from the same period last year.

Shandong market: The price of Shandong excellent special steel market is generally stable this week, and the direct price of 45# steel mills is 3,790 yuan/ton for steel investment, 3,780 yuan/ton for Luli, 3,790 yuan/ton for Fulun, and 4,200 yuan for Xiwang Dabang / ton, Weigang 3950 yuan / ton, Juneng 3950 yuan / ton, Laigang Special Steel Laiwu market 20CrMnTi4350 yuan / ton.

Chongqing market: This week, the market price of Chongqing excellent special steel fell slightly compared with last week. The current market price is 45#4050 yuan/ton, Xining special steel 45#4080 yuan/ton, 40Cr4280 yuan/ton, 20CrMnT4450 yuan/ton, CrMo5360 yuan/ton Ton, Hunan Iron and Steel 45#4070 yuan/ton, 40Cr4270 yuan/ton, 20CrMnTi4450 yuan/ton, CrMo5360 yuan/ton.

South China market: This week, the market price of high-quality special steel in South China rose by 50 yuan/ton compared with last week. At present, in the Guangdong market, the premium special steel 45# Xianggang 4000/ton, Shaoguan Iron and Steel 4000 yuan/ton, Xinxing cast pipe 3970 yuan/ton, and 40Cr Hunan Iron and Steel 4200 yuan/ton.

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 4290 yuan/ton, which is stable compared with last week; Changsha 45# Hunan Iron and Steel is 3990 yuan/ton, which is 20 yuan/ton higher than last week; The price rose by 20 yuan/ton compared with last week.

Northeast market: This week, the market price of high-quality special steel in Northeast China is generally stable compared with last Friday. The current market price in Shenyang is 3920 yuan/ton for 45# Benxi Steel (national standard), 3960 yuan/ton for Lingyuan Iron and Steel, 3950 yuan/ton for Tongyuan Iron and Steel, 3990 yuan/ton for Jianlong Beiman, 4190 yuan/ton for 40Cr Lingyuan Iron and Steel, 4190 yuan/ton for 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 remained stable. At present, the market price in Tianjin is 4050 yuan/ton for 45# Linggang, 4070 yuan/ton for Benxi Iron and Steel, 4020 yuan/ton for Jianlong, and 3850 yuan/ton for Tiangang (the market price of Rongcheng Steel Plant is 4050 yuan/ton).

Handan market: This week Handan high-quality steel market prices rose slightly. At present, 45# Shagang Plant will deliver 3,890 yuan/ton to 3,940 yuan/ton; Xinxing Cast Pipe Warehouse will deliver 3,850 yuan/ton to 3,890 yuan/ton; Changgang will directly send 3,730 yuan/ton/warehouse to 3,800 yuan/ton .

【Inventory Performance】

As of August 24, the total inventory of national high-quality special steel bar samples was 2.0695 million tons, a decrease of 16,700 tons or 0.8% compared with the same period last week. The month-on-month decrease was 10,900 tons, and the year-on-year decrease was 41,100 tons.

【Supply side】

In terms of supply, our statistics on the production survey data of national excellent special steel factories show that in July, the output of national excellent special steel bars (34 samples) was 3.099 million tons, a decrease of 8,000 tons from the previous month, and a year-on-year increase of 377,000 tons; The output was 3.255 million tons, an increase of 156,000 tons month-on-month, and an increase of 743,000 tons year-on-year; in July, the national output of high-quality special steel bars (46 samples) was 3.827 million tons, an increase of 22,000 tons month-on-month, and an increase of 431,000 tons year-on-year; The output was 3.987 million tons, an increase of 160,000 tons month-on-month and an increase of 791,000 tons year-on-year.

【Demand side】

This week, the demand in the national high-quality special steel market is average, the demand side maintains the level of rigid demand, and the purchase is cautious. As of August 25, the average daily turnover of sample trading companies this week was 48,100 tons, a decrease of 4,800 tons or 9.07% 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 special steel market will fluctuate within a narrow range next week.