August 3-August 10 Roundup of Steel Markets in China
Resource from: CBCC Likes:3000
Aug 13,2007
(August3-August 10) The whole trend of bearing steel saw a slight rise during this week. Market resource witnessed a little increase compared with that of last week.
Because of the continuous rise of raw material price, steel makers successively launched price adjustment policy. Nanjing and Shi Jiazhuang steel mills raised price of bearing wire rod and bearing steel by 50 Yuan/ton respectively on August 3 and August 6, which had no obvious impact on transaction.
Currently,the bearing steel price kept high level due to the continuous rise raw material price, which decided the price of bearing steel market.
The bearing steel price is expected to be stable in near future, which resulted from the stable raw material price after previous rising. The demand of bearing steel won't increase while the market resource shows signs of picking up. There can't be many factors driving the price up, so the bearing steel price will be temporarily stable.
[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 , 6,650 yuan / ton,
Φ26-60, 6,400 yuan / ton,
Φ65-130 7,300 yuan / ton.
Northeast Special Steel Plants Quoted:
GCr15 hot steel was priced at 5,150 yuan / ton,
Annealing Casting steels was 6,200 yuan / ton;
GCr15hot-rolled from Wuxi CRC was priced at 4,750 yuan / ton. Non-annealing steel GCr15Φ60 produced by Zhengzhou Yongtong Plant is 4,300yuan / ton.Non-annealing steel from Xingcheng Special Steel was priced at 5,100 yuan / ton.
The market prices in Hangzhou this week were basically stable. Until this weekend non-annealing GCr15Φ16-60 from Shi steel was quoted 4,650-4700 yuan / ton.
Non-annealing GCr15Φ50 produced by Beiman Special Steel was priced at 4,800 yuan / ton;
The Annealing steel GCr15Φ100 from Xining Special Steel Plant was 5,750 yuan / ton.
Annealing GCr15Φ100 produced by Northeast Special Steel was 6,800yuan / ton.
[Central South Area]
Now the quotations were as follows: 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 4,650 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 5000 yuan / ton in ChongQing area. Annealing steel GCr15Φ80-150 produced by XiNing Special Steel was traded at 6,100 yuan / ton. Annealing steel GCr15Φ20-50 from Chong Special Steel was at 5000 yuan / ton. Annealing GCr15Φ50 from Shi Steel was quoted 4800 yuan / ton. Non-annealing GCr15Φ100 which made by Xining pecial Steel was priced at 5800 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 5,800 yuan / ton;
Non-annealing Φ18-70 was quoted 4,700 yuan / ton.
In Harbin market, annealing steel GCr15Φ100 from Ben Steel was priced at 5,900 yuan / ton.
The prices of Northeast Special Steel were:
Non-annealing GCr15Φ40-75 was priced at 5,100 yuan / ton;
Annealing steel annealing wood Φ30-75 was priced at 6,200 yuan / ton;
Annealing steel annealing wood Φ13-25 was priced at 6,150 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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