Weekly summary:2022 China Bearing Steel market trend in Second week of July down slightly

Weekly summary:2022 China Bearing Steel market trend in Second week of July down slightly

This week(07.11-07.15), Hangzhou, the main market for high-quality and special steel in the country, received 4,100 yuan/ton, and Shandong received 4,170 yuan/ton, with a price difference of 70 yuan/ton in the leading cities.

1. Inventory of Excellent Special Steel this Week

Factory warehouse: 46 steel mills have a total inventory of 1,487,900 tons of special steel, an increase of 79,900 tons from the previous month and an increase of 109,200 tons from the same period last year;

Social library: The total inventory of 111 samples was 884,800 tons, a decrease of 5,300 tons from the previous month and a decrease of 34,700 tons from the same period last year;

Social library: The total inventory of 152 samples was 1,111,100 tons, a decrease of 18,400 tons from the previous month and a decrease of 86,100 tons from the same period last year.

2. This Week's National Special Steel Trading Volume

This week, the average daily trading volume of excellent special steel was 30,580 tons, a decrease of 9,200 tons or 23.13% from the previous month.

3. Production Situation of Excellent Special Steel

In June, the national output of excellent and special steel bars (34 samples) was 3.11 million tons, an increase of 41,100 tons from the previous month and a decrease of 96,100 tons from the same period last year.

In June, the national output of excellent and special steel bars (46 samples) was 3.78 million tons, a month-on-month increase of 30,000 tons and a year-on-year decrease of 212,100 tons.

The actual production of hot-rolled billets in June was 408,000 tons, an increase of 13,000 tons compared with May and a month-on-month increase of 1.33%; the planned production of hot-rolled billets in July 2022 was 422,000 tons, an increase of 14,000 tons compared with the actual output in June. The actual capacity utilization rate increased by 1.43% in June;

The actual production of continuous casting billets in June was 383,000 tons, a decrease of 14,000 tons compared with the actual output in May, a decrease of 2.47% from the previous month; the planned production of continuous casting billets in July 2022 was 330,000 tons, a decrease of 53,000 tons from the actual output in June. , and the actual capacity utilization rate in June decreased by 9.35%.

4. Market Forecast

According to the survey data on the market sentiment of U & Special Steel, 62.96% of companies are bearish for next week, 2.47% of companies are bullish on next week, and 34.57% of companies believe that it is running in a consolidation.