Weekly Summary: 2025 China Bearing Steel Market Trend in Third Week of January is slightly Decreased

Weekly Summary: 2025 China Bearing Steel Market Trend in Third Week of January is slightly Decreased

Ⅰ This week's review

【In terms of price】

This week, the price of bearing steel has slightly decreased, and as of today, the absolute price index of GCr15 is 4960 yuan/ton.

【Overview of Major Markets】

The price of bearing steel in Liaocheng market has slightly decreased, and the trading volume has decreased. At present, the spot of bearing steel in Liaocheng market mainly comes from steel mills such as Juneng and Jiyuan, and the inventory of multiple traders remains above 500 tons. As the Spring Festival holiday approaches, downstream demand is gradually decreasing, and transactions are mainly driven by essential needs. At the same time, some businesses are doing pre holiday finishing work, mainly focusing on selling inventory to recover funds. In the short term, there is insufficient momentum for demand improvement, and it is expected that the price of bearing steel in the Liaocheng market will continue to operate weakly and steadily in the short term. Currently, Jiyuan Steel's GCr15 Φ 30-75 is priced at 4300 yuan/ton, while Juneng Special Steel's GCr15 Φ 16-90 is priced at 4080 yuan/ton.

The price of bearing steel in the Hangzhou market has slightly decreased, with weak transactions. In terms of spot inventory, Zhongtian Steel and Nanjing Steel have slightly abundant resources, while most traders maintain inventory levels of around 500 tons. At present, market demand is gradually declining, and there are few bulk orders for transactions. Some merchants mainly sell off at a lower price to recoup funds. Combined with the majority of steel traders taking a break next week, the market atmosphere is gradually becoming quiet. Overall, it is expected that the price of bearing steel in the Hangzhou market will remain weak and stable in the short term. As of press time, Zhongtian Steel's GCr15 Φ 40-140 is quoted at 4230 yuan/ton, and Daye Special Steel's GCr15 Φ 20-40 is quoted at 4650 yuan/ton.

The price of bearing steel in the Wuxi market has fluctuated downward, with average transactions. In the Wuxi market, bearing steel products such as Zhongtian Steel and Xingcheng Special Steel are relatively abundant, and the inventory of most traders is maintained at about 800 tons. Compared with last week, there is not much difference in market sales this week. At present, there are not many bulk orders, especially as some merchants are on vacation near the end of the year, demand is gradually weakening and the trading atmosphere is decreasing. Overall, it is expected that the price of bearing steel in the Wuxi market will remain weakly stable in the short term. The current quotation for GCr15 Φ 40-140 from Zhongtian Steel is 4230 yuan/ton, while the quotation for GCr15 Φ 31-90 from Xingcheng Special Steel is 5550 yuan/ton.

The price of bearing steel in Dalian market is running weakly and steadily, and the market activity has decreased. In the Dalian market, Benxi Iron and Steel, Dongte Shares, and Jianlong Beiman have abundant sources of goods, with large-scale traders maintaining inventory of around 3000 tons. Downstream terminal enterprises continue to make essential purchases, with insufficient space for demand release and relatively cold transactions. Considering that terminal enterprises are gradually taking a break and market activity is decreasing synchronously. Overall, it is expected that the price of bearing steel in the Dalian market will remain stable next week. Currently, Bengang Special Steel's GCr15 Φ 81-130 is priced at 4230 yuan/ton, Dongte Stock's GCr15 Φ 86-180 is priced at 4230 yuan/ton, and Jianlong Beiman's GCr15 Φ 30-75 is priced at 4280 yuan/ton.

The price of bearing steel in Luoyang market is stable but gradually weakening, and the market is becoming increasingly quiet. Recently, there has been a relatively abundant supply of Jiyuan Steel, Daye Special Steel, and Hegang Stone Steel in the Luoyang market, with several traders holding around 1000 tons in stock. Downstream enterprises have insufficient procurement efforts, and some terminals have started to take holidays. Market activity is gradually weakening, and most merchants focus on receiving payments. Considering the approaching year-end, the market is in a state of having value but no market, and it is expected that the price of Luoyang bearing steel will remain stable next week. As of the time of writing, Jiyuan Steel's GCr15 Φ 6.5-23 is quoted at 4500 yuan/ton, Daye Special Steel's GCr15 Φ 20-40 is quoted at 4600 yuan/ton, and Hegang Stone Steel's GCr15 Φ 131-180 is quoted at 4230 yuan/ton.

【Regarding steel mills】

From January 10th to January 17th, no steel mills have released any price adjustment information for this period. We should continue to pay attention to the impact of consumer demand and steel mill maintenance next week.

Ⅱ Next week's outlook

The market price of bearing steel has slightly decreased this week. As the end of the year approaches, some merchants are on holiday during the Spring Festival, and market activity has significantly weakened. There are sporadic individual transactions in the market, and some merchants are doing pre holiday finishing work, mainly selling inventory to recoup funds. There is a phenomenon of concession in market transactions, and it is expected that the market price of bearing steel will be weakly stable next week.