June 1-June 8 Roundup of Steel Market in China
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Jun 12,2007
June 1-June 8 Roundup of Steel Market in China
China bearing steel market continued to run stably on the whole from June 1 to June 8。Market prices basically maintained the same level as last week, with some slight fluctuations. The turnover was nearly unchanged, while the transaction was general.
With the arrival of high temperature in June, the dull consumption business season of steel market is about to come。 The demand of bearing steel from downstream maker weakened, which will play negative role in the transaction of the market. As thus, the steel prices will be restrained.
For raw material, high chromium price was stable in May. With the increase of chrome ore resource, it is expected that the stable high chromium price in June would be mainstream, which laid the groundwork for the robust performance of the later bearing steel market. However, steel makers didn’t intend to adjust the bearing steel price.To sum up, it is expected that the later bearing steel market would mainly maintain stably. In this week, the Mysteel-SSPI (Special Steel Price Index) compositive index stays in 117.25, 0.7points lower than that of last week.
[Reivew of the main areas in china]
[East China Area]
Market prices in east China were basically stable this week. Now the quotations of some markets were as follows: The market trend in Shanghai was relatively stable this week. Up to this weekend, the prices of annealing steel from Baosteel Special Steel (former 5th plant) were:
Φ12-25 , 6,100 yuan / ton;
Φ26-60, 6,000 yuan / ton,
Φ65-130 6,600 yuan / ton.
Northeast Special Steel Plants Quoted:
GCr15 hot steel was priced at 4,870 yuan / ton,
Annealing Casting steels was 5,600 yuan / ton;
GCr15hot-rolled from Wuxi CRC was priced at 4,750 yuan / ton. Non-annealing steel GCr15Φ60 produced by Zhengzhou Yongtong Plant is 4,200 yuan / ton.Non-annealing steel from Xingcheng Special Steel was priced at 4,800 yuan / ton.
The market prices in Hangzhou this week were basically stable. Until this weekend non-annealing GCr15Φ16-60 from Shi steel was quoted 4,750 yuan / ton.
Non-annealing GCr15Φ50 produced by Beiman Special Steel was priced at 4,600 yuan / ton;
The Annealing steel GCr15Φ100 from Xining Special Steel Plant was 5,800 yuan / ton.
Annealing GCr15Φ100 produced by Northeast Special Steel was 5,600 yuan / ton.
[Central South Area]
Bearing steel market ran stably this week in central south areas. The market is featured with steady price, common transaction and little inventory.
Now the quotations were as follows: Up to the weekend non-annealing GCr15 produced by ZhengZhou YongTong was priced at 4,200 yuan / ton in Luoyang market. Non-annealing GCr15Φ30-70 from DaYe Special Steel was quoted 4,800 yuan / ton. The quotation of annealing steel Φ50-130 from XiNing Special Steel was 5,800 yuan / ton.
The non-annealing GCr15 and continuously casting annealing steel from ChangCheng Special Steel were respectively 4,200 yuan / ton and 4,900 yuan / ton.
Market prices in ChangSha area this week were stable with inadequate market resources Up to the weekend GCr15 hot rolled products from DaYe Special Steel was priced at 4,800 yuan / ton.
Annealing steel GCr15Φ100 made by Xining Special Steel was 5,800 yuan / ton.
Non annealing GCr15Φ30-70 from LaiWu Special Steel was quoted 4,400 yuan / ton.
[Southwest & Northwest Area]
The market prices were basically stable in Southwest and Northwest area this week. Now all the market quotations were as follows: Up to the weekend, non-annealing GCr15Φ20-50 from XingCheng Special Steel was priced at 4700-4800 yuan / ton in ChongQing area. Annealing steel GCr15Φ80-150 produced by XiNing Special Steel was traded at 4,600 yuan / ton. Annealing steel GCr15Φ20-50 from Chong Special Steel was at 5000 yuan / ton. Annealing GCr15Φ50 from Shi Steel was quoted 4750 yuan / ton. Non-annealing GCr15Φ100 which made by Xining pecial Steel was priced at 5600 yuan / ton.
[North Area]
Quotations in North area were as follows:
Up to this weekend, the quotations from Northeast Special Steel in ShenYang market were:
Annealing (casting) GCr15Φ80-120 was 6,300 yuan / ton.
Annealing steel Φ25-60 was priced at 5800 yuan / ton;
Non-annealing Φ18-70 was quoted 4700 yuan / ton.
In Harbin market, annealing steel GCr15Φ100 from Ben Steel was priced at 5600 yuan / ton.
The prices of Northeast Special Steel were:
Non-annealing GCr15Φ40-75 was priced at 4200 yuan / ton;
Annealing steel was priced at 5500 yuan / ton;
Annealing steel annealing wood Φ13-25 was priced at 5700 yuan / ton.
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
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