Bearing Steel Market to be Around the High in May
Resource from: CBCC Likes:2968
May 10,2010
In 2009, the steel price rose obviously with in the range from 200yuan/ton to 250yuan/ton. Up to the end of Dec., the countrywide average price of GCr15 continuous casting non-annealed steel of 50mm is 4,761 yuan/ton; the countrywide average price of GCr15 die-casting annealed steel of 100mm is 6, 650 yuan/ton. The market deal in Dec. displayed increasing trend; the deal increased obviously compared with that in last month. As the increase of steel cost, the steel plants put forward rising policy in succession. Therefore, the market price went upward. In addition, the overhaul of some steel plants influence part of the steel output; this created another condition for the rising of bearing steel price. Based on the factors that the capital resource is broad and the inflation is strongly predicted, etc., the bearing steel price in Jan. 2010 is expected to go upward.
1. Bearing Steel Output in China
The output of crude bearing steel from Jan. to Nov. in 2009 of China was about 2.219 million tons, which decreased 0.2% based on that in the same period last year; the output of crude bearing steel in Nov. 2009 was about 0.259 million tons; the chain relative ratio was 5.3%. The output of bearing steel material of China from Jan. to Nov. 2009 was 2.162 million tons, increased 6.8% compared with that in last year. The output of bearing steel material in Nov.2009 was 0.251 million tons and the chain relative ratio is 9.7%. (See picture 1)
Picture 1：The Change of Bearing Steel Output in China from Jan. to Mar. 2006-2010
Table 1: Crude Steel Output of China Bearing Steel Enterprises from Jan. to Mar. in 2010
Table 2: Sequence of Steel Output of Bearing Steel Enterprises in China from Jan. to Mar. 2010
2. The Market Performance of Bearing Steel in April
The operation situation and characteristics of bearing steel in April, 2009 was manifested in on the following aspects:
(1) The export of bearing steel in China increased within large range in March.
According to the data from 9 main bearing steel enterprises in China, this year the export of bearing steel in March was 18,966 tons, which increased within large range compared with the 6,725 tons in Feb. The total export of bearing steel from January to March this year was almost 50,000 tons. The export of bearing steel in March was mainly from Xingcheng Steel and Dongbei Special Steel, of which the export was seperatly 9,548 tons and 9,247 tons.
Picture 2: Change of Bearing Steel Export of the Main Special Steel Enterprises in China in March from 2008 to 2010
(2) The bearing steel price in April kept rising.
The bearing steel price in April kept rising, mainly influenced by the bush of raw material price and the price from the steel plants, etc. While, compared with the rising range in March, it was weaker.
Picture 3 The Average Price Trend of Bearing Steel Price in China from 2008 to 2010
According to the data from Mysteel.com, up to the end of April, the countrywide average price of GCr15Φ continuous casting non-annealed steel of 50mm was 5,993 yuan/ton; the countrywide average price of GCr15Φ die-casting annealed steel of 100mm was 7,482 yuan/ton. The average rising range was between 300 to 400 yuan/ton, which was smaller than that in March.
Table 3: Sales Price Summary of Bearing Steel Enterprises in East China Market in April, 2010 (medium continuous non-annealed steel bars)
3. Bearing Steel to be Around the High in May
1. On the aspect of raw material, the price of most raw materials kept rising in April; it is predicted that there will be small range for rising in May; for example the price of steel scrap and coke will rise within a small range because the resource is not sufficient.
Pictue 4: Average Price Trend of High Carbon Ferro-chrome from 2008 to 2010 in China
2. On the aspect of steel plant and market, at present, the prodcution situation in the steel plant is going well and the orders are sufficient; some plants may increase the bearing steel price. But the market operation is relatively careful; the merchants are controlling the stock with strong sense of risk.
3. On the aspect of downstream users, the bearing steel demand in April increased relatively. But up to now, most downstream users have sufficient inventory and the large batch of purchase in the following period will decrease.
Generally, May will still be the consuming midseason. Ar present, most steel plants hold steadily or increase the price within a small range. The market resource still can not be released in large scope. But judging from the inventory of the downstream users, it is difficult for the bearing steel price both to rise and fall.
Picture 1：The Change of Bearing Steel Output in China from Jan. to Mar. 2006-2010
Table 1: Crude Steel Output of China Bearing Steel Enterprises from Jan. to Mar. in 2010
Table 2: Sequence of Steel Output of Bearing Steel Enterprises in China from Jan. to Mar. 2010
2. The Market Performance of Bearing Steel in April
The operation situation and characteristics of bearing steel in April, 2009 was manifested in on the following aspects:
(1) The export of bearing steel in China increased within large range in March.
According to the data from 9 main bearing steel enterprises in China, this year the export of bearing steel in March was 18,966 tons, which increased within large range compared with the 6,725 tons in Feb. The total export of bearing steel from January to March this year was almost 50,000 tons. The export of bearing steel in March was mainly from Xingcheng Steel and Dongbei Special Steel, of which the export was seperatly 9,548 tons and 9,247 tons.
Picture 2: Change of Bearing Steel Export of the Main Special Steel Enterprises in China in March from 2008 to 2010
(2) The bearing steel price in April kept rising.
The bearing steel price in April kept rising, mainly influenced by the bush of raw material price and the price from the steel plants, etc. While, compared with the rising range in March, it was weaker.
Picture 3 The Average Price Trend of Bearing Steel Price in China from 2008 to 2010
According to the data from Mysteel.com, up to the end of April, the countrywide average price of GCr15Φ continuous casting non-annealed steel of 50mm was 5,993 yuan/ton; the countrywide average price of GCr15Φ die-casting annealed steel of 100mm was 7,482 yuan/ton. The average rising range was between 300 to 400 yuan/ton, which was smaller than that in March.
Table 3: Sales Price Summary of Bearing Steel Enterprises in East China Market in April, 2010 (medium continuous non-annealed steel bars)
3. Bearing Steel to be Around the High in May
1. On the aspect of raw material, the price of most raw materials kept rising in April; it is predicted that there will be small range for rising in May; for example the price of steel scrap and coke will rise within a small range because the resource is not sufficient.
Pictue 4: Average Price Trend of High Carbon Ferro-chrome from 2008 to 2010 in China
2. On the aspect of steel plant and market, at present, the prodcution situation in the steel plant is going well and the orders are sufficient; some plants may increase the bearing steel price. But the market operation is relatively careful; the merchants are controlling the stock with strong sense of risk.
3. On the aspect of downstream users, the bearing steel demand in April increased relatively. But up to now, most downstream users have sufficient inventory and the large batch of purchase in the following period will decrease.
Generally, May will still be the consuming midseason. Ar present, most steel plants hold steadily or increase the price within a small range. The market resource still can not be released in large scope. But judging from the inventory of the downstream users, it is difficult for the bearing steel price both to rise and fall.
(CBCC)
【CBCC News Statement】
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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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