Weekly Summary: 2025 China Bearing Steel Market Trend in First Week of February has slightly decreased

Weekly Summary: 2025 China Bearing Steel Market Trend in First Week of February has slightly decreased

1、 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 4965 yuan/ton.

Overview of Major Markets

The price of bearing steel in Liaocheng market is currently stable, and the market activity is average. At present, the spot of bearing steel in the Liaocheng market mainly comes from steel mills such as Juneng and Jiyuan, and the inventory of multiple traders remains above 500 tons. This week, market activity has gradually recovered, with traders accepting orders normally and end-users purchasing cautiously, resulting in a low volume of bulk orders. In terms of inventory, pre holiday ordered resources are gradually arriving, and the inventory is sufficient. Overall, it is expected that the price of bearing steel in the Liaocheng market will continue to operate 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 4100 yuan/ton.

The price of bearing steel in the Hangzhou market is running steadily, with average 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. Recently, market activity has increased, but the short-term demand release has not been significantly strong. Merchants are cautious, and market prices are running weakly and steadily. Overall, it is expected that the price of bearing steel in the Hangzhou market will remain stable in the short term, with range fluctuations. 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 is currently stable, and the market is actively shipping. 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. This week, futures prices fluctuated and the market performance was active. The trading market actively shipped goods, and merchants had a strong atmosphere of pushing up the market in the future. However, market transactions did not meet expectations, and many merchants were "discussing one thing at a time". Overall, it is expected that the price of bearing steel in the Wuxi market will remain 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 steadily, and the market activity is increasing. 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. At present, the atmosphere in the northern market is clear, demand is gradually released, and there is a strong atmosphere of market promotion. However, the mentality of merchants is cautious, and most orders are discussed individually. Overall, it is expected that the price of bearing steel in the Dalian market will remain stable in the short term. 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 currently stable, with average transactions. 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. At present, the market has basically recovered, but the actual demand has not significantly increased, and market transactions are average. In terms of inventory, pre holiday ordered resources are gradually arriving, and the inventory is sufficient. Overall, it is expected that the price of Luoyang bearing steel will remain stable in the short term. 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 February 14th to February 21st, a total of one steel mill released price adjustment information. Next week, we should continue to pay attention to the impact of consumer demand and steel mill maintenance.

2、 Next week's outlook

The market price of bearing steel has been weakly stable this week. At present, the northern market has a strong atmosphere of pushing up the future market, with the price difference between the north and south widening. The overall bullish sentiment in the market is moderate, and downstream demand is making normal purchases with average transactions. It is expected that the price of bearing steel market will fluctuate narrowly next week.