Weekly Summary: 2023 China Bearing Steel Market Trend in Third Week of September Down Slightly

Weekly Summary: 2023 China Bearing Steel Market Trend in Third Week of September Down Slightly

Overview: This week, the national high-quality special steel prices fell slightly, and the overall market performance was mediocre. From the perspective of supply, the output of high-quality special steel tends to be stable, and there is no major fluctuation in the short term; in terms of inventory, according to the investigation on Thursday, it is learned that the current factory warehouses and social warehouses have increased slightly. The phenomenon of low prices promoting transactions is acceptable; in terms of demand, the overall feedback from the high-quality special steel market has been weak since August, and downstream customers have weakened confidence in the market conditions, and they are mainly waiting to see. Details are as follows:

【Price review this week】

This week, the prices of mainstream special steel varieties fell slightly, of which 45# closed at 4055 yuan/ton, down 5 yuan/ton from last week; 40Cr closed at 4288 yuan/ton, down 8 yuan/ton from last week; 20CrMnTi closed at 4441 yuan/ton tons, down 4 yuan/ton from last week; CrMo closed at 5,279 yuan/ton, down 6 yuan/ton from last week.

This week, Hangzhou, the main market for high-quality special steel in the country, closed at 3,980 yuan/ton, Shandong closed at 3,780 yuan/ton, and the price difference in leading cities was 200 yuan/ton.

From August 12th to August 18th, the price adjustment situation of the main special steel mills in the country is as follows: a total of 1 steel mill released price adjustment information in this period, and the cumulative price adjustment information was released 2 times. This week, steel mills adjusted prices up and down. 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 in Zhejiang market fluctuated this week. The current 45# carbon knot round steel Huaigang is 4010 yuan/ton, and Hangzhou Iron and Steel is 3980 yuan/ton, an increase of 10-20 yuan/ton compared with last week.

Jiangsu market: The price of Jiangsu excellent special steel fluctuates strongly. Now 45# Huaigang is 3990 yuan/ton, Dongfang 3960 yuan/ton; In terms of steel mills, the total bar inventory of Jiangsu Youte Steel Plant was 452,000 tons, an increase of 19,000 tons from last week, an increase of 4.39% from the previous month, an increase of 6,000 tons from the same period last year, and a year-on-year increase of 1.35%.

Shandong market: The price of Shandong excellent special steel market fluctuated within a narrow range this week. The direct price of 45# steel mills: Steel Investment 3780 yuan/ton, Luli 3780 yuan/ton, Fulun 3780 yuan/ton, Xiwang Dabang 4200 yuan / ton, Weigang 3950 yuan / ton, Juneng 3950 yuan / ton, Laigang Special Steel Laiwu market 20CrMnTi4350 yuan / ton.

Chongqing market: This week, the market price of Chongqing excellent special steel fell slightly compared with last week. The current market price is 45#4070 yuan/ton, Xining special steel 45#4100 yuan/ton, 40Cr4300 yuan/ton, 20CrMnT4460 yuan/ton, CrMo5410 yuan/ton Ton, Hunan Iron and Steel 45#4090 yuan/ton, 40Cr4290 yuan/ton, 20CrMnTi4460 yuan/ton, CrMo5410 yuan/ton.

South China market: This week, the price of high-quality special steel in South China fell slightly compared with last week. At present, in the Guangdong market, 45# Hunan Iron and Steel 3950/ton, Shaoxing Iron and Steel 3950 yuan/ton, Xinxing cast pipe 3920 yuan/ton, and 40Cr Hunan Iron and Steel 4150 yuan/ton in the Guangdong market.

Central China market: This week, the market price of high-quality special steel in Central China fell slightly compared with last week. The current market price of Zhengzhou 45# Jinan Steel is 4290 yuan/ton, which is stable compared with last week; Changsha 45# Hunan Iron and Steel is 3970 yuan/ton, which is 10 yuan/ton lower than last week; Wuhan 45# Xianggang is 3930 yuan/ton, The price dropped by 10 yuan/ton compared with last week.

Northeast market: this week, the market price of premium special steel in Northeast China is partially adjusted compared with last Friday. The current market price in Shenyang is 3920 yuan/ton for 45# Benxi Steel (national standard), 3960 yuan/ton for Lingyuan Iron and Steel, 3950 yuan/ton for Tongyuan Iron and Steel, 3990 yuan/ton for Jianlong Beiman, 4190 yuan/ton for 40Cr Lingyuan Iron and Steel, 4190 yuan/ton for 20CrMnTi Benxi Iron and Steel 4920 yuan/ton, CrMo Benxi Iron and Steel 5320 yuan/ton.

North China market: The price of high-quality special steel market in North China fell slightly this week. The current market price in Tianjin is 4050 yuan/ton for 45# Linggang, 4100 yuan/ton for Benxi Iron and Steel, 4020 yuan/ton for Jianlong, and 3850 yuan/ton for Tiangang (market price for Rongcheng Steel Plant is 4050 yuan/ton).

Handan market: This week Handan high-quality steel market prices fell. At present, 45# Shagang Plant will deliver 3,850 yuan/ton to 3,900 yuan/ton; Xinxing Cast Pipe Warehouse will deliver 3,850 yuan/ton to 3,890 yuan/ton; Changgang will send 3,750 yuan/ton/ton to 3,820 yuan/ton .

【Inventory Performance】

As of August 17, the total inventory of national high-quality special steel bar samples was 2.0862 million tons, an increase of 49,100 tons or 2.41% over the same period last week. The month-on-month increase was 61,700 tons, and the year-on-year decrease was 35,100 tons.

【Supply side】

In terms of supply, our statistics on the production survey data of national excellent special steel factories show that in July, the output of national excellent special steel bars (34 samples) was 3.099 million tons, a decrease of 8,000 tons from the previous month, and a year-on-year increase of 377,000 tons; The output was 3.255 million tons, an increase of 156,000 tons month-on-month, and an increase of 743,000 tons year-on-year; in July, the national output of high-quality special steel bars (46 samples) was 3.827 million tons, an increase of 22,000 tons month-on-month, and an increase of 431,000 tons year-on-year; The output was 3.987 million tons, an increase of 160,000 tons month-on-month and an increase of 791,000 tons year-on-year.

【Demand side】

This week, the demand in the national high-quality special steel market is average, the demand side maintains the level of rigid demand, and the purchase is cautious. As of August 18, the average daily turnover of sample trading companies this week was 52,900 tons, an increase of 8,300 tons or 18.61% from last week.

【Forecast for next week】

Judging from the above situation, the national high-quality special steel market prices fell slightly this week. It is expected that the premium special steel market will fluctuate within a narrow range next week.