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

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

Overview: The national high-quality special steel prices fell slightly this week. The market is in the traditional off-season. The overall downstream demand performance is average, and the transaction is average. The futures market fluctuated within a narrow range, the mentality of merchants was relatively stable, and terminals still purchased on demand. 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 warehouses and social warehouses have all declined slightly, 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 4075 yuan/ton, down 7 yuan/ton from last week; 40Cr closed at 4313 yuan/ton, down 5 yuan/ton from last week; 20CrMnTi closed at 4479 yuan/ton tons, down 1 yuan/ton from last week; CrMo closed at 5319 yuan/ton, down 3 yuan/ton from last week.

This week, Hangzhou, the main market for high-quality special steel in the country, closed at 4,030 yuan/ton, Shandong at 3,790 yuan/ton, and the price difference in leading cities was 240 yuan/ton.

From July 1st to July 7th, the price adjustments of major premium and special steel mills across the country are as follows: a total of 10 steel mills released price adjustment information in this period, and a total of 10 price adjustment information were released. This week, steel mills did not adjust prices. 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 431,500 tons, a decrease of 40,500 tons from last week, a decrease of 8.58% from the previous month, a decrease of 39,000 tons from the same period last year, and a decrease of 8.29% 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 factory: steel investment 3820 yuan/ton, Luli 3790 yuan/ton, Fulun 3840 yuan/ton, Xiwang stick 4200 yuan / ton, Weigang 3960 yuan / ton, Juneng 3960 yuan / ton, Laiwu Steel Special Steel Laiwu market 20CrMnTi4380 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 82,400 tons, an increase of 0,300 tons from last week.

South China market: This week, the market price of high-quality special steel in South China dropped by 30 yuan/ton compared with last week. At present, in the Guangdong market, 45# Hunan Iron and Steel 3960/ton, Shaoxing Iron and Steel 3960 yuan/ton, Xinxing cast pipe 3930 yuan/ton, and 40Cr Hunan Iron and Steel 4160 yuan/ton in the Guangdong market.

Central China market: This week, the market price of high-quality special steel in Central China remained stable 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 4040 yuan/ton, which is stable compared with last week; Prices were steady.

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 market price of high-quality special steel in North China is generally stable compared with last week. The current market price in Tianjin is 4060 yuan/ton for 45# Linggang, 4040 yuan/ton for Benxi Iron and Steel, 4040 yuan/ton for Jianlong, and 3850 yuan/ton for Tiangang (market price for Rongcheng Steel Plant is 4060 yuan/ton).

This week, the market price of high-quality steel in Handan remained stable. 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 3,810 yuan/ton/warehouse to 3,880 yuan/ton .

【Inventory Performance】

As of July 6, the total inventory of national high-quality special steel bar samples was 2.0151 million tons, a decrease of 76,500 tons or 3.66% compared with the same period last week. The month-on-month increase was 49,700 tons, and the year-on-year decrease was 283,000 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 has not seen a significant increase in the short term, and the transaction is average. In this cycle, snails fluctuate within a narrow range, and the market spot price does not fluctuate significantly. As of July 6, the average daily turnover of sample trading companies this week was 50,200 tons, a decrease of 4,000 tons or 7.38% from last week.

【Forecast for next week】

Based on the above situation, the price of the national high-quality special steel market fell slightly this week, and the transaction was average. It is expected that the premium special steel market will stabilize and weaken next week.