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

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

1. Review this week

 [Price]

This week bearing steel prices are weak and stable, as of today GCr15 absolute price index is 4840 yuan / ton.

 [Main Market Overview]

Changcheng market bearing steel price shock downward. Currently Changcheng market bearing steel spot resources are abundant, huge energy Stable arrival of steel factories such as Gam Steel and Ousen, trader inventory is generally more than 1500 tons, and the supply is relatively stable determined. According to the current market, downstream machinery, automobile and other major steel industry orders are insufficient, procurement to  "Small order just needed" Mainly, lack of batch reserve power. Overlay chatcheng is in the bearing steel concentration, the market competition is fierce, trade In order to ship more, the overall price continued to fall about 20 yuan / ton from last week. Overall, expected next week Changcheng market bearing steel price or weak operation. Jinjiang steel GCr15Φ30-75 report 4060 yuan / ton, giant energy Special steel GCr15Φ16-90 3810 yuan / ton.

Hangzhou market bearing steel prices are weak. In terms of spot inventory, Zhongtian, South Steel, Henan Steel and other resources Supply is abundant, most traders maintain inventory of about 1,000 tons. Currently, demand-side procurement continues to be cautious However, trader feedback on the overall transaction is weak. Although the demand in the field of new energy vehicles has been positive in the long term, the Leading to bearing steel procurement end effect is limited, the actual batch orders are small. Overall, expected next week Hangzhou Market bearing steel price or weak disk cluster as the main. As of the release, Zhongtian Steel GCr15Φ40-140 4110 yuan/ton, GCr15Φ20-40 4630 yuan/ton.

Wuxi market bearing steel prices weak and stable operation, the transaction is general. In the Wuxi market, the main steel plant resources Tian, South Steel, Main Steel, Yong Steel, etc. supply is abundant, trader inventory is generally maintained at the level of more than 1000 tons Social inventory is at a normal level. Terminal procurement continues to be cautious, traders feedback on the overall transaction In general, downstream machinery, automotive and other industry orders with "small batch, on-demand procurement" Mainly. Overlapping the recent high temperature and rainy weather effects, manufacturing demand is further limited, market activity is biased low. Overall, bearing steel prices in the Wuxi market are expected to continue to run under pressure in the short term. As Released, the current GCr15Φ40-140 quotation of Zhongtian Steel is 4100 yuan / ton, the GCr15Φ31-90 quotation of Xingcheng Steel is  $5,540/ton.

Dalian market bearing steel prices weak and stable operation. Dalian market main steel factory resources Bengang, Dongte, Jianlong, Beiman supply is abundant, large-scale trade store inventory is maintained at about 1,000 tons. Current prices in the Northeast region Overall stable operation, but some traders slightly declined quotes to facilitate the transaction. Subject to downstream machinery, automobiles, etc. The general impact of industry demand, the market trading atmosphere is light, the procurement of terminal enterprises is cautious, the lack of centralized replenishment force. Overall, it is expected that in the short term Dalian market bearing steel prices will continue to weak and stable operation. Current steel special Steel GCr15Φ81-130 4120 yuan/ton, DongTe shares GCr15Φ86-180 4110 yuan/ton, Jianlong, Beiman GCr15Φ30-75 $4220/ton.

Luoyang market bearing steel price is weak and stable operation, weak transaction. Recently Luoyang market on Jiyuan steel, Daegu The supply of special steel is more abundant, many traders stock about 500 tons. Luoyang bearing steel market is affected by the surrounding Low market price resource shock and weak local demand impact, increased shipping pressure from traders, some merchants declined 20 yuan / ton to facilitate the transaction, but the market procurement pace is slowing down. Overall, the short-term bearing steel spot price is expected Ge will continue to weak and stable trend. As of the release, Jiyuan Steel GCr15Φ6.5-23 reported 4370 yuan / ton, Dai Metallurgical Steel GCr15Φ20-40 4,630 yuan/ton, Hefei stainless steel GCr15Φ131-180 4,200 yuan/ton.

 [Steel factory]

From June 27 to July 4, a total of 1 steel plant in Japan issued price adjustment information, a total of 1 item was issued, and should continue to pay attention next week Consumer demand and the impact of steel plant repairs.

2. Next week outlook

This week, the national bearing steel market price continued to fall slightly. At present, downstream procurement dynamic energy release relative restraint, More on-demand procurement, traders' inventory motivation is weakened, the market mentality is cautious, the market as a whole is in  "Weak balance" state, it is expected that the short-term bearing steel market price stable and weakening operation.