Weekly Summary: 2025 China Bearing Steel Market Trend in First Week of June is Weak and Stable

Weekly Summary: 2025 China Bearing Steel Market Trend in First Week of June is weak and stable

1. Review this week

【Price】

This week bearing steel prices weak and stable operation, as of today GCr15 absolute price index is 4914 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.

Hangzhou bearing steel market prices are running smoothly, trading in general. 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, demand is not released enough, inventory is slow to go to stock. This week, Hangzhou bearing steel market prices are running smoothly, downstream procurement is not high, batch replenishment, individual merchants are willing to actively reduce prices to go to stock under financial pressure, the market mentality is divided, some merchants have a dark fall phenomenon. In summary, it is expected that next week Chatecheng bearing steel market prices or weak panels will dominate. As of the release, Zhongtian Steel GCr15Φ40-140 reported 4,200 yuan / ton, Dai Metallurgical Steel GCr15Φ20-40 reported 4,650 yuan / ton.

In Wuxi market, the main steel factory resources of Tian, Nan Steel, Hen Steel, Yong Steel and so on are abundant, trader inventory is generally maintained at the level of more than 1000 tons, and social inventory is at a moderately high level. In terms of demand, the machinery manufacturing industry is generally booming, and the bearing support demand is weakened.

Dalian market bearing steel prices are weak and stable, but some merchants slightly lower the quotation to facilitate the transaction. Due to the weak demand of downstream machinery, automobile and other industries, the market trading atmosphere is light, terminal enterprises procure cautiously, more on-demand replenishment, less volume orders.

Luoyang bearing steel market is weak and stable operation, weak transaction. Recently in Luoyang market of Jiyuan steel, DAMETUTE steel supply is relatively abundant, many traders inventory of about 500 tons. Luoyang bearing steel market is affected by the shock of low price resources in the surrounding market and weak local demand, traders shipping pressure increased, some traders decreased by 10-30 yuan / ton to facilitate the transaction, but the terminal procurement is still on demand, the overall transaction has not been noticeably loose.

【Steel factory】

From May 30 to June 6, a total of 1 steel plant released price adjustment information, a cumulative release 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 is weak and stable. Supported by the cost of raw materials, the steel factory quotation remains strong, but downstream procurement dynamics release relative restraint, procurement is mostly based on just need, more to take low batch procurement, the market transaction atmosphere in general, some traders to promote shipping, the actual transaction there is a small margin. In summary, the short-term bearing steel market price support is weakening, the local market may decline.