Weekly Summary: 2025 China Bearing Steel Market Trend in Fourth Week of May is Fluctuating

Weekly Summary: 2025 China Bearing Steel Market Trend in Fourth Week of May is Fluctuating

1. Review this week

【Price】

This week bearing steel price shock operation, as of today GCr15 absolute price index is 4934 yuan / ton.

【Main Market Overview】

At present, there are insufficient orders for downstream machinery, automobiles and other major steel industries, procurement is mainly based on "small single needs", lack of batch reserve power, overlapping at the end of the month, traders in order to ship more, the overall price dropped slightly from last week to about 20 yuan / ton. In summary, it is expected that next week's market bearing steel price may be stable.

In terms of spot inventory, Zhongtian, Nan Steel, Henan Steel and other resources are abundant, most traders' inventory is maintained at about 1,000 tons, but there is no serious backlog, but the demand is not released enough, leading to slow warehousing. This week, the price of bearing steel in Hangzhou market rose slightly, but downstream procurement is not high, batch replenishment, individual merchants are willing to actively reduce prices to warehouse under financial pressure, and the market mentality is divided.

In Wuxi market, the main steel factory resources such as Tian, Nan Steel, Hon Steel and Yong Steel are abundant, trader inventory is generally maintained at a level above 1000 tons, and social inventory is at a moderately high level.

Dalian market bearing steel prices are weak and stable, trading in general. The main steel factory resources in Dalian market are abundant, and large-scale merchant stocks remain at about 1,000 tons. Currently, the manufacturing demand in the Northeast region is stable, and local terminal enterprises are generally cautious, purchasing on demand, and the willingness of merchants to replenish stocks is weak, waiting for further macro-policy signals.

Luoyang bearing steel market prices are weak and stable, weak transaction. Recently in Luoyang market, Jiyuan steel and Dai Metallurgical Steel supply is relatively abundant, many traders stock is about 500 tons. Luoyang bearing steel market continues to support the basic demand. Peripheral machinery manufacturing industry orders remain strong, but the local end-user purchasing dynamic energy release is relatively restrained, traders daily shipments are basically flat with last week, social inventory water level continues to be in a reasonable range.

【Steel factory】

From May 23 to May 30, a total of 1 steel plant released price adjustment information, a total of 1 article, and next week should continue to pay attention to consumer demand and the impact of steel plant repairs.

2. Next week outlook

This week the national bearing steel market price shock operation. On the market side, the end customer's mindset is cautious, the purchasing momentum release relative restraint, more to take low-end batch procurement, the market has less batch orders, short-term consideration of the market continues to be suppressed by demand. In general, if there is no significant increase in downstream orders after the end of the afternoon, the price support strength is weakening, the local market may fall.