Weekly Review of Bearing Steel Market in China (August 13th to August 19th, 2011)
Resource from: CBCC Likes:2991
Aug 23,2011
The bearing steel price in this week was weak, while price in some regions kept stable after continuously dropped for one month. The overall inventory in this week was basically stable, meanwhile the market attitude was not positive, the bearing steel price was still much higher although many merchants believed that the market price has reached to a relative low position. Currently, the market demand was insufficient with light deal. It is estimated that the bearing steel price for next week will adjust to some extent with slight increasing.
The domestic iron essence pink market kept steady, and the deal slightly improved. The imported ore market in this week was stable with more inquiries, meanwhile the deal was common. The price for the domestic pig iron market in this week was basically stable with the common market deal. In general, pig iron, steel ductile cast iron was better than casting pig iron. The overall DRI market operated in weakness, meanwhile the market deal of stock was common with the stable quotation for the mainstream market. The overall scrap market in this week kept stable, and the domestic special steel market also kept stable, the market for coking coal slightly rose with smooth deal, meanwhile the procurement for downstream users was active. The imported coke market in this week was positive with much more inquiries and offers, while the transaction was not obvious. The price for the main producing area of coke generally increased. The quotation for chromium alloy was stable, meanwhile the transaction price slightly decreased. The offers for the imported chrome ore merchants was active, but the deal was weak.
[East China Region] This week the bearing steel price in East China market slightly dropped and the market deal was not ideal. Up to this weekend, the quotation in Hangzhou market was as follows: Daye Nonferrous GCr15Φ50-70 non-annealed steel was between 5,950 yuan/ton and 6,000 yuan/ton; Echeng Steel GCr15Φ30-75 non-annealed steel was 5,900 yuan/ton; Shanghai No. 5 Steel Plant GCr15Φ26-70 heat treatment spheroidizing annealed steel was 7,400yuan/ton; Xingcheng Steel GCr15Φ50 non-annealed steel was 6,500 yuan/ton with a few of stock; Nanjing Steel Group GCr15Φ16-40 heat treatment non-annealed steel was between 5,900 yuan/ton and 5,950 yuan/ton; Dongbei Special Steel GCr15Φ30-95 heat treatment annealed steel was between 6,100 yuan/ton and 6,150 yuan/ton; Shougang Group GCr15Φ50 hot rolled non annealed steel was out of stock. This week the bearing steel price in Wuxi market basically dropped, meanwhile the deal was common; Up to this weekend, the quotation in Wuxi market was as follows: Xingcheng Steel GCr15Φ30-75 hot rolled non annealed steel was 6,700 yuan/ton, out of stock; Xingyegang Steel GCr15Φ30-50 continuous annealed steel was 6,900yuan/ton; Beiman Steel GCr15Φ40-75 heat treatment annealed steel was 6,900yuan/ton; Wuxi Huarun Steel GCr15Φ50-80 hot rolled non-annealed steel was between 6,050 yuan/ton and 6,100 yuan/ton with a few of stock; Nanjing Steel GCr15Φ50 hot rolled non-annealed steel was between 6,050 yuan/ton and 6,100 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot rolled non-annealed steel was 6,200 yuan/ton.
[Central South China Region] This week the bearing steel price in Luoyang market kept stable; the deal was common. Up to this weekend, the quotation in Luoyang market was as follows: Shijiazhuang Steel GCr15Φ16-50 annealed steel was 6,750 yuan/ton and GCr15Φ24-50 non-annealed steel was between 6,300yuan/ton and 6,350 yuan/ton; Xingyegang Steel GCr15Φ50-130 die-casting non-annealed steel was 7,700yuan/ton, out of stock; Changcheng Special Steel GCr15Φ45 continuous casting annealed steel was 6,800yuan/ton, out of stock, die-casting non-annealed steel was between 6,300 yuan/ton and 6,350 yuan/ton; Xining Steel GCr15Φ25-70 continuous casting non-annealed steal was 6,300yuan/ton; Dongbei Special Steel GCr15Φ30-50 die casting annealed steel was 7,900yuan/ton. This week the bearing steel price in Wuhan market was basically steady and the deal was common. Echeng Steel GCr15Φ14-30 non-annealed steel was 6,250yuan/ton; Shougang Group GCr15Φ30-50 heat treatment rolled steel was 6,300yuan/ton, out of stock; Xinyegang Steel GCr15Φ80-110 continuous casting non-annealed steel was 6,300yuan/ton and die casting annealed steel was 7,900yuan/ton; GCr15Φ42-75 continuous casting non-annealed steel was 6,300yuan/ton, continuous casting annealed steel was 6,700yuan/ton.
[North China Region] This week the bearing steel price in Shenyang market was basically stable and the deal was common. Up to this weekend, Dongbei Special Steel GCr15Φ25-60 continuous casting non-annealed steel was 6,300yuan/ton, GCr15Φ35-50 die casting annealed steel was 7,600yuan/ton, GCr15Φ100 die casting non-annealed steel was 7,100yuan/ton; Dongbei Special Steel GCr15Φ25-40 continuous casting annealed steel was 6,900yuan/ton; Benxi Steel Φ70-130 continuous casting steel was 6,100 yuan/ton. This week the bearing steel price in Harbin market was basically stable and the deal was small. Benxi Steel GCr15Φ50-75 heat treatment annealed steel was 6,800yuan/ton, out of stock; Dongbei Special Steel GCr15Φ50 annealed steel was 6,900 yuan/ton, out of stock; Dongbei Special Steel GCr15Φ40-75 continuous casting non-annealed steel was 6,300yuan/ton and GCr15Φ100 die casting annealed steel was 7,800yuan/ton.
[Southwest China Region] This week the price of bearing steel in Chengdu market was basically stable and the market resource was not sufficient. Up to this weekend, Changcheng Steel GCr15Φ80-130 continuous casting annealed steel was 7,000 yuan/ton; Dongbei Special Steel GCr15Φ120-170 die casting annealed steel was 7,900 yuan/ton; Xining SteelΦ150-200 die casting annealed steel was 7,700 yuan/ton, out of stock; Xining Steel GCr15Φ30-75 continuous casting annealed steel was 6,800 yuan/ton with a few of stock. This week the bearing steel resource in Chongqing market was not sufficient, but the price was basically stable. Donghua Special Steel GCr15Φ20-30 heat treatment annealed steel was out of stock; Xining SteelΦ80-120 rolled annealing steel was 6,700yuan/ton, out of stock; part of Changcheng Steel GCr15Φ30-65 continuous casting non-annealed steel was 6,200 yuan/ton, part of GCr15Φ30-65 continuous casting annealed steel was 6,600 yuan/ton; Xining Steel Φ80-150 forged annealing steel was 7,600 yuan/ton with a few of stock.
(yuan/ton)
1) HR: hot rolled steel,diameter 50 mm
2) A: anneal rolled steel,diameter 100 mm
Region code
SH: Shanghai
HZ: Hangzhou, Zhejiang province
WX: Wuxi, Jiangsu province
CZ: Changzhou, Jiangsu province
CS: Changsha, Hunan province
WH: Wuhan, Hubei province
LY: Luoyang, Henan province
LW: Laiwu, Shandong province
CQ: Chongqing
CD: Chengdu, Sichuan province
(yuan/ton)
1) HR: hot rolled steel,diameter 50 mm
2) A: anneal rolled steel,diameter 100 mm
Region code
SH: Shanghai
HZ: Hangzhou, Zhejiang province
WX: Wuxi, Jiangsu province
CZ: Changzhou, Jiangsu province
CS: Changsha, Hunan province
WH: Wuhan, Hubei province
LY: Luoyang, Henan province
LW: Laiwu, Shandong province
CQ: Chongqing
CD: Chengdu, Sichuan province
(CBCC)
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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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