Weekly Summary: 2025 China Bearing Steel Market Trend in Third Week of June is Continues to Decline

Weekly Summary: 2025 China Bearing Steel Market Trend in Third Week of June is Continues to Decline

1. Review this week

【Price】

Bearing steel prices continued to decline this week, as of today GCr15 absolute price index is 4,904 yuan / ton.

【Main Market Overview】

Bearing steel prices in Chatcheng market shock downward. Currently, Chatcheng market bearing steel spot resources are abundant, Giant Energy, Gam Steel, Ousen and other steel factories arrive stable, trader inventory is generally more than 1500 tons, supply is relatively stable. According to the current market, downstream machinery, automobile and other major steel industry orders are insufficient, procurement is based on "small orders just need", lack of batch reserve power.

Hangzhou bearing steel prices are weak. In terms of spot inventory, Zhongtian, Nan Steel, Henan Steel and other resources are abundant, and most traders' inventory is maintained at about 1,000 tons. Hangzhou bearing steel prices are generally shaky and weak, and the demand side is weak. Downstream machinery and the automotive industry are mainly on-demand procurement, and the market volume orders are scarce and transactions are in general.

At present, downstream machinery and automotive industry procurement is cautious, market turnover continues to be low, volume orders are scarce, and social inventory pressure has not been significantly alleviated. In summary, it is expected that in the short term, bearing steel prices in Wuxi market may continue to bear pressure. As of the release, GCr15Φ40-140 of Zhongcheng Steel is quoted at 4150 yuan / ton, GCr15Φ31-90 of Xingcheng Steel is quoted at 5550 yuan / ton.

Dalian market bearing steel prices are weak and stable. The main steel factory resources in Dalian market are abundant, and large-scale trade store inventory remains at about 1,000 tons. Currently, prices in the Northeast region are generally stable, but some merchants slightly lower the quotation to facilitate the transaction.

Luoyang bearing steel market is weak and stable operation, weak transaction. Recently in Luoyang market of Jiyuan steel, Dai Metallurgical 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 30 yuan / ton to facilitate the transaction, but the final procurement is still on demand, the overall transaction has not been noticeably loose. Overall, it is expected that the short-term bearing steel spot price will continue to be weak and stable. As of the release, Jiyuan steel GCr15Φ6.5-23 reported 4410 yuan / ton, Dai Metallurgical Steel GCr15Φ20-40 reported 4630 yuan / ton, Hefei Steel GCr15Φ131-180 reported 4210 yuan / ton.

【Steel factory】

From June 13 to June 20, there is no steel plant price adjustment information in Japan, 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 continues to decline. Currently, downstream procurement momentum release relative restraint, mostly on demand, the market volume orders are low, some traders to promote shipping, the actual transaction fell by 20-30 yuan / ton, it is expected that the short-term bearing steel market price support will weaken.