Jun 15-Jun 22 Roundup of Steel Markets in China
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Jun 25,2007
Jun 15-Jun 22 Roundup of Steel Markets in China
(Jun15-Jun 22) Bearing steel was traded in a stable level in China during this week. According to the feedback from market, for this week, the bearing steel quotation basically maintained the same level as last week,The makers'inventory was normal and demand &offer for steel basically balanced. Transaction which has reduced compared with last week, was general. It was analyzed that the main reasons of this situation was the weakening trade and the off-season of steel.
The raw material price was relatively stable this week, of which 8600 yuan/dun had become the dominant price for bearing steel. It is expected that the price of high chromium will have slight fluctuation .For steel makers, they didn’t launch any bearing price adjustment policy .so ,the price of bearing steel ran stably ,which had a positive role in stabilizing the bearing steel price.
To sum up, it is expected that the whole trend of bearing steel market won’t witness obvious change next week. the price will be in a stable level. More turnover will be impossible. In this week, the Mysteel-SSPI (Special Steel Price Index) compositive index stays in 114.7, 1.6 points lower than 116.3 of last week.
[Reivew of the main areas in china]
[East China Area]
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]
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 4,500 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]
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 4800 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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