Weekly Summary: 2023 China Bearing Steel Market Trend in Second Week of September Down Slightly

Weekly Summary: 2023 China Bearing Steel Market Trend in Second Week of September Down Slightly

Overview: This week, the national high-quality special steel prices fell slightly, and the overall market performance was weak. This week, the futures market fluctuated and went down. The market is intertwined with long and short factors. There is no good news to support it. Businessmen are cautious and pessimistic about the market outlook. Both factory warehouses and corporate warehouses have increased, supply has increased slightly, and pressure on some varieties still exists. In terms of steel mills, the production schedule of steel mills increased month-on-month in August, and there is no plan for maintenance and production reduction. Details are as follows:

【Price review this week】

This week, the prices of mainstream special steel varieties fell slightly, of which 45# closed at 4064 yuan/ton, down 24 yuan/ton from last week; 40Cr closed at 4296 yuan/ton, down 22 yuan/ton from last week; 20CrMnTi closed at 4445 yuan/ton tons, down 28 yuan/ton from last week; CrMo closed at 5,285 yuan/ton, down 14 yuan/ton from last week.

This week, Hangzhou, the main market for high-quality special steel in the country, closed at 3,960 yuan/ton, Shandong closed at 3,790 yuan/ton, and the price difference in leading cities was 170 yuan/ton.

From August 5th to August 11th, 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 11 price adjustment information were released. This week, the price adjustment of steel mills was partially lowered. 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 prices in Zhejiang market fluctuated weakly this week. The current 45# carbon knot round steel Huaigang is 4,000 yuan/ton, and Hangzhou Iron and Steel is 3,960 yuan/ton, down 50-60 yuan/ton from last week.

Jiangsu market: The price of Jiangsu excellent special steel has weakened slightly. Now 45# Huaigang is 3990 yuan/ton, Dongfang 3940 yuan/ton; In terms of steel mills, the total bar inventory of Jiangsu Youte Steel Plant was 433,000 tons, an increase of 23,400 tons from last week, a month-on-month increase of 5.71%, a decrease of 5,000 tons from the same period last year, and a year-on-year decrease of 1.14%.

Shandong market: The price of Shandong excellent special steel market continued to fall this week. The direct price of 45# steel factory: steel investment 3770 yuan / ton, Luli 3790 yuan / ton, Fulun 3780 yuan / ton, Xiwang stick 4200 yuan / ton Ton, Weigang 3950 yuan/ton, Juneng 3950 yuan/ton, Laigang Special Steel Laiwu market 20CrMnTi4370 yuan/ton.

Chongqing market: This week, the market price of Chongqing excellent special steel fell by 20 yuan/ton compared with last week. The current market price is 45#4080 yuan/ton, Xining special steel 45#4130 yuan/ton, 40Cr4330 yuan/ton, 20CrMnT4480 yuan/ton, CrMo5430 yuan/ton, Hunan Iron and Steel 45#4110 yuan/ton, 40Cr4310 yuan/ton, 20CrMnTi4480 yuan/ton, CrMo5430 yuan/ton.

South China market: This week, the price of high-quality special steel in South China fell slightly compared with last week. At present, in the Guangdong market, 45# Hunan Iron and Steel 3970/ton, Shaoxing Iron and Steel 3970 yuan/ton, Xinxing cast pipe 3940 yuan/ton, and 40Cr Hunan Iron and Steel 4170 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 3980 yuan/ton, which is 30 yuan/ton lower than last week; Wuhan 45# Xianggang is 3940 yuan/ton, The price dropped by 30 yuan/ton compared with last week.

Northeast market: This week, the market price of premium special steel in Northeast China is temporarily stable compared with last Friday. The current market price in Shenyang is 45# Benxi Iron and Steel 3940 yuan/ton (national standard), Lingyuan Iron and Steel 3980 yuan/ton, Tongyuan Iron and Steel 3980 yuan/ton, Jianlong Beiman 3990 yuan/ton, 40Cr Linggang 4210 yuan/ton, 20CrMnTi Benxi Iron and Steel 4940 yuan/ton, CrMo Benxi Iron and Steel 5340 yuan/ton.

North China market: This week, the price of high-quality special steel market in North China remained stable. At present, the market price in Tianjin is 4060 yuan/ton for 45# Linggang, 4100 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 continued to fall. At present, 45# Shagang Plant will deliver 3,880 yuan/ton to 3,930 yuan/ton; Xinxing cast pipe warehouse will deliver 3,880 yuan/ton to 3,920 yuan/ton; Changgang will directly send 3,740 yuan/ton/warehouse to 3,810 yuan/ton .

【Inventory Performance】

As of August 10, the total inventory of national high-quality special steel bar samples was 2.037 million tons, an increase of 37,700 tons or 1.89% over the same period last week. The month-on-month increase was 23,700 tons, and the year-on-year decrease was 90,900 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 has not improved, the enthusiasm for purchasing goods is not high, and the terminal purchase is mainly based on rigid demand. As of August 11, the average daily turnover of sample trading companies this week was 44,600 tons, an increase of 0,300 tons or 0.68% from 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 excellent special steel market will run steadily next week.