Weekly Summary: 2023 China Bearing Steel Market Trend in Fourth Week of July Down Slightly

Weekly Summary: 2023 China Bearing Steel Market Trend in Fourth Week of July Down Slightly

Overview: This week, the national high-quality special steel prices rose slightly, and the overall performance of the market was mediocre. With the sharp rise in the price of snail futures and the boost of macroeconomic benefits, the market confidence has been restored, but the market demand has not yet been fully released, the terminal's acceptance of high-priced resources is limited, and the transaction performance is average. In terms of inventory, factory warehouses and corporate warehouses have doubled, the overall inventory pressure is average, and the agreed volume is in a normal digestion state. In terms of steel mills, the production of various resource factories is relatively stable. Details are as follows:

【Price review this week】

This week, the prices of mainstream special steel varieties rose slightly, of which 45# closed at 4087 yuan/ton, up 37 yuan/ton from last week; 40Cr closed at 4322 yuan/ton, up 33 yuan/ton from last week; 20CrMnTi closed at 4477 yuan/ton tons, up 38 yuan/ton from last week; CrMo closed at 5301 yuan/ton, up 27 yuan/ton from last week.

This week, Hangzhou, the main market for high-quality special steel in the country, closed at 4,030 yuan/ton, Shandong at 3,880 yuan/ton, and the price difference in leading cities was 150 yuan/ton.

From July 22nd to July 28th, the price adjustments of major premium and special steel mills across the country are as follows: In this period, a total of 2 steel mills released price adjustment information, and a total of 4 price adjustment information were released. The price adjustment of steel mills this week is mainly based on stability. Next week, we should continue to pay attention to the impact of consumer demand and steel mill maintenance.

【Summary of major markets】

Zhejiang market: The price of Zhejiang market fluctuated and consolidated this week. The current price of 45# carbon knot round steel Huaigang is 4070 yuan/ton, and Hangzhou Iron and Steel is 4030 yuan/ton, which is 60-70 yuan/ton higher than last week.

Jiangsu market: The price of Jiangsu Youte Steel fluctuates and rises. Now it is 45#. Yuan/ton; gear Laigang 4360 yuan/ton, chrome molybdenum Laigang 5160 yuan/ton. Steel mills dropped 116,100 tons year-on-year, a drop of 20.93%.

Shandong market: The price of Shandong excellent special steel market continued to fluctuate and rise this week, up 50-90 yuan/ton compared with last week. 3890 yuan/ton, Xiwang Dabang 4200 yuan/ton, Weigang 3970 yuan/ton, Juneng 397 yuan/ton, Laiwu Steel Special Steel Laiwu market 20CrMnTi4370 yuan/ton.

Chongqing market: This week, the market price of Chongqing excellent special steel is temporarily stable compared with last week. The current market price is 45#4100 yuan/ton, Xining special steel 45#4150 yuan/ton, 40Cr4350 yuan/ton, 20CrMnT4500 yuan/ton, CrMo5450 yuan/ton Ton, Hunan Iron and Steel 45#4130 yuan/ton, 40Cr4330 yuan/ton, 20CrMnTi4500 yuan/ton, CrMo5450 yuan/ton.

South China market: This week, the market price of high-quality special steel in South China rose by 90 yuan/ton compared with last week. At present, in the Guangdong market, the premium special steel 45# Xianggang 4000/ton, Shaoguan Iron and Steel 4000 yuan/ton, Xinxing cast pipe 3970 yuan/ton, and 40Cr Hunan Iron and Steel 4200 yuan/ton.

Central China market: This week, the market price of high-quality special steel in Central China rose slightly compared with last week. The current market price of Zhengzhou 45# Jigang is 4290 yuan/ton, which is stable compared with last week; Changsha 45# Hunan Iron and Steel is 4040 yuan/ton, which is 40 yuan/ton higher than last week; Wuhan 45# Xianggang is 3990 yuan/ton, Compared with last week's price rose 40 yuan / ton.

Northeast market: This week, the market price of premium special steel in Northeast China rose slightly compared with last Friday. The current market price in Shenyang is 3930 yuan/ton for 45# Benxi Iron and Steel (national standard), 3980 yuan/ton for Lingyuan Iron and Steel, 3980 yuan/ton for Tongyuan Iron and Steel, 3980 yuan/ton for Jianlong Beiman, 4210 yuan/ton for 40Cr Lingyuan Iron and Steel, 4210 yuan/ton for 20CrMnTi Benxi Iron and Steel 4940 yuan/ton, CrMo Benxi Iron and Steel 5340 yuan/ton.

North China market: This week, the price of high-quality special steel in North China rose slightly compared with last week. The current market price in Tianjin is 4060 yuan/ton for 45# Linggang, 4100 yuan/ton for Benxi Iron and Steel, 4040 yuan/ton for Jianlong, and 3880 yuan/ton for Tiangang (the market price of Rongcheng Steel Factory is 4060 yuan/ton).

This week, the market price of high-quality steel in Handan expanded its increase. At present, 45# Shagang Plant will deliver 3,960 yuan/ton to 4,010 yuan/ton; Xinxing Cast Pipe Warehouse will deliver 3,950 yuan/ton to 3,990 yuan/ton; Changgang will directly send 3,850 yuan/ton/warehouse to 3,920 yuan/ton .

【Inventory Performance】

As of July 27, the total inventory of national high-quality special steel bar samples was 2.0804 million tons, an increase of 55,900 tons or 2.76% over the same period last week. The month-on-month decrease was 11,200 tons, and the year-on-year decrease was 239,800 tons.

【Supply side】

In terms of supply, our statistics on the production survey data of national excellent special steel factories show that in May, the national output of excellent special steel bars (34 samples) was 3.11 million tons, an increase of 11,000 tons from the previous month, and an increase of 42,000 tons from the same period last year; The output was 3.197 million tons, a month-on-month increase of 87,000 tons, and a year-on-year increase of 88,000 tons; in May, the national output of high-quality special steel bars (46 samples) was 3.813 million tons, a month-on-month increase of 4,000 tons and a year-on-year increase of 65,000 tons; June is expected to The output was 3.931 million tons, a month-on-month increase of 118,000 tons and a year-on-year increase of 154,000 tons.

【Demand side】

This week, the national high-quality special steel market has risen with the rise of snail billet raw materials. The overall transaction before the week was acceptable. However, due to the influence of the traditional off-season, on-demand purchases are the mainstay. The actual demand has not improved significantly, and the transaction after the week is weak. As of July 20, the average daily turnover of sample trading companies this week was 50,500 tons, an increase of 2,400 tons or 4.98% from last week.

【Forecast for next week】

Judging from the above situation, the national high-quality special steel market prices rose slightly this week. It is expected that the excellent special steel market will run steadily next week.