Bearing Steel Market in China will still Operate in Weakness in July 2011
Resource from: CBCC Likes:3022
Jul 07,2011
Summary: Look back to the bearing steel market in June, the price for GCr15 kept stable in the majority regions, while the price was slightly adjusted in some regions.
Up to the end of June, the national average price of GCr15 continuous casting non-annealed steel of 50mm was 6,404 yuan/ton; the national average price of GCr15 die-casting annealed steel of 100mm was 7,964 yuan/ton. The overall steel market was under the condition of weakness in June, meanwhile the market deal was common. Merchants and users were more cautious. Furthermore, the financial pressure was still not be effectively released, thus a number of enterprises still had difficulties on loans. With the coming of the traditional off-season for bearing selling, the situation of bearing steel is not optimistic in July.
一、The domestic production situation of bearing steel
The domestic production capability of bearing steel crude steel was about 1.447 million tons from January to May in 2011, increased by 13.4% compared with the same period of last year; the output of bearing steel was 1.332 million tons, rose by 10.1% compared with the same period of last year. In May, the output of bearing steel crude steel was 333,000 tons, meanwhile the output of bearing steel was 317,000 tons. (refer to: picture 1)
Picture 1: The national bearing steel (material) production situation from January to May from 2008 to 2011
Table 1: The national crude steel production situation in bearing steel manufacturers from January to May in 2011
Table 2: The national steel production ranking for bearing steel manufacturers from January to May in 2011
From Table 1 & Table 2, we can saw that the first three for bearing steel output from January to May in 2011 were still Zhongxin Special Steel (Xinye Steel and Xingcheng Speical Steel ), Dongbei Speical Steel and Nanjing Steel, with the same rank compared with the last period.
二、Bearing Steel Market Performance in June
The operation and features of bearing steel in June 2011 was mainly delivered in the following aspects:
(一) The export of bearing steel in May was increased
According to the statistics by ten domestic major bearing steel manufacturers, the total export for bearing steel in May was 17,155 tons, increased by 3,502 tons compared with that in April. And the largest export enterprise in this month was still Xingcheng Special Steel and Dongbei Special Steel with the export volume of 11,532 tons and 5,318 tons respectively.
Picture 2: Bearing steel export situation in the domestic major special steel enterprises in May from 2009 to 2011
(二) The price of bearing steel kept stable with slight weakness in June
The price of bearing steel basically kept stable in June with slight weakenss, the price in most of regions did not obviously changed while price in some steel plants for the more sensitive East China slightly changed. The specific condition of bearing steel in the domestic various regions in this month were as follows:
Hangzhou Market: the price in this region was stable with weakness in June with the common market deal. Up to the end of June, the average transaction price of small size GCr 15 (continuous casting non-annealed steel) was between 6,250 yuan/ton and 6,350 yuan/ton, and the GCr15 die-casting annealed steel was between 7,700 yuan/ton and 7,800 yuan/ton.
Luoyang Market: the price in this region was basically stable with the common market deal. Up to the end of June, the average transaction price of small size GCr 15 (continuous casting non-annealed steel) was between 6,250 yuan/ton and 6,350 yuan/ton, and the GCr15 die-casting annealed steel was about 7,800 yuan/ton.
Xi'an Market: the price in this region was basically stable with the common market deal. Up to the end of June, the average transaction price of small size GCr 15 (continuous casting non-annealed steel) was about 6,600 yuan/ton, and the GCr15 die-casting annealed steel was about 7,900 yuan/ton.
Picture 3: The chart for the national average bearing steel price from 2009 to 2011
According to the statistics from Mysteeel.com: up to the end of June, the national average price of GCr15 continuous casting non-annealed steel of 50mm was 6,407 yuan/ton; the national average price of GCr15 die-casting annealed steel of 100mm was 7,964 yuan/ton.
Table 3: Sales price summary of bearing steel manufacturers in East China in June 2011 (standard continuous casting non-annealed steel bar )
三、The price of bearing steel will keep stable with slight weakenss in July
1.In the aspect of raw material, the trend for iron ore, pig iron, scrap steel and other raw material will operate in weakness, meawhile the price will slightly adjust with the steel market, while the price of chromium will still low.
Picutre 4: The chart for the average price of domestic high-carbon ferrochrome from 2010 to 2011
2. As for steel plant and market, the price of bearing steel in most of steel plants kept stable in June, whereas the price in many private steel plants was adjusted. With the coming of the off-season for bearing steel demand in July, some steel plants will have maintenance plan. At the same time, the market deal was common, merchants and downstream users were not optimistic due to the adjustment of the overall steel market. On the other hand, the inventory for merchants still decreased in order to reduce risks.
3. For downstream users, the sales situation for end-users was quite common, therefore, the purchasing for bearing steel was more cautious according to their actual demand.
In summary, the selling off-season in July will be a test. And the market pressure will increased to some extent, it is estimated that the price in this month will still operate in weakness, meanwhile the price may slightly dropped.
Picture 1: The national bearing steel (material) production situation from January to May from 2008 to 2011
Table 1: The national crude steel production situation in bearing steel manufacturers from January to May in 2011
Table 2: The national steel production ranking for bearing steel manufacturers from January to May in 2011
From Table 1 & Table 2, we can saw that the first three for bearing steel output from January to May in 2011 were still Zhongxin Special Steel (Xinye Steel and Xingcheng Speical Steel ), Dongbei Speical Steel and Nanjing Steel, with the same rank compared with the last period.
二、Bearing Steel Market Performance in June
The operation and features of bearing steel in June 2011 was mainly delivered in the following aspects:
(一) The export of bearing steel in May was increased
According to the statistics by ten domestic major bearing steel manufacturers, the total export for bearing steel in May was 17,155 tons, increased by 3,502 tons compared with that in April. And the largest export enterprise in this month was still Xingcheng Special Steel and Dongbei Special Steel with the export volume of 11,532 tons and 5,318 tons respectively.
Picture 2: Bearing steel export situation in the domestic major special steel enterprises in May from 2009 to 2011
(二) The price of bearing steel kept stable with slight weakness in June
The price of bearing steel basically kept stable in June with slight weakenss, the price in most of regions did not obviously changed while price in some steel plants for the more sensitive East China slightly changed. The specific condition of bearing steel in the domestic various regions in this month were as follows:
Hangzhou Market: the price in this region was stable with weakness in June with the common market deal. Up to the end of June, the average transaction price of small size GCr 15 (continuous casting non-annealed steel) was between 6,250 yuan/ton and 6,350 yuan/ton, and the GCr15 die-casting annealed steel was between 7,700 yuan/ton and 7,800 yuan/ton.
Luoyang Market: the price in this region was basically stable with the common market deal. Up to the end of June, the average transaction price of small size GCr 15 (continuous casting non-annealed steel) was between 6,250 yuan/ton and 6,350 yuan/ton, and the GCr15 die-casting annealed steel was about 7,800 yuan/ton.
Xi'an Market: the price in this region was basically stable with the common market deal. Up to the end of June, the average transaction price of small size GCr 15 (continuous casting non-annealed steel) was about 6,600 yuan/ton, and the GCr15 die-casting annealed steel was about 7,900 yuan/ton.
Picture 3: The chart for the national average bearing steel price from 2009 to 2011
According to the statistics from Mysteeel.com: up to the end of June, the national average price of GCr15 continuous casting non-annealed steel of 50mm was 6,407 yuan/ton; the national average price of GCr15 die-casting annealed steel of 100mm was 7,964 yuan/ton.
Table 3: Sales price summary of bearing steel manufacturers in East China in June 2011 (standard continuous casting non-annealed steel bar )
三、The price of bearing steel will keep stable with slight weakenss in July
1.In the aspect of raw material, the trend for iron ore, pig iron, scrap steel and other raw material will operate in weakness, meawhile the price will slightly adjust with the steel market, while the price of chromium will still low.
Picutre 4: The chart for the average price of domestic high-carbon ferrochrome from 2010 to 2011
2. As for steel plant and market, the price of bearing steel in most of steel plants kept stable in June, whereas the price in many private steel plants was adjusted. With the coming of the off-season for bearing steel demand in July, some steel plants will have maintenance plan. At the same time, the market deal was common, merchants and downstream users were not optimistic due to the adjustment of the overall steel market. On the other hand, the inventory for merchants still decreased in order to reduce risks.
3. For downstream users, the sales situation for end-users was quite common, therefore, the purchasing for bearing steel was more cautious according to their actual demand.
In summary, the selling off-season in July will be a test. And the market pressure will increased to some extent, it is estimated that the price in this month will still operate in weakness, meanwhile the price may slightly dropped.
(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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