Bearing Steel Market in China will still Operate in Weakness in September 2011
Resource from: CBCC Likes:3050
Sep 07,2011
Summary: Look back to the bearing steel market in August, the price for GCr15 continued to keep the decline trend of last month, while the decline rate in southern regions still higher than that in northern regions.
Up to the end of August, the national average price of GCr15 continuous casting non-annealed steel of 50mm was 6,282 yuan/ton, dropped about 82 yuan/ton compared with the price in last month; the national average price of GCr15 die-casting annealed steel of 100mm was 7,921 yuan/ton, dropped 33 yuan/ton. The overall steel market was under the condition of weakness in August, meanwhile the market deal was light, the demand was not sufficient, and most merchants were not active for the post market. It is estimated that bearing steel market in September will relatively stable with the concussion operation of a narrow strips.
First, The domestic production situation of bearing steel
The domestic production capability of bearing steel crude steel was about 2.119 million tons from January to July in 2011, increased by 14.2% compared with the same period of last year; the output of bearing steel was 1.973 million tons, rose by 17.7% compared with the same period of last year. In July, the output of bearing steel crude steel was 303,000 tons, meanwhile the output of bearing steel was 298,000 tons. (refer to: picture 1)
Picture 1: The national bearing steel (material) production situation from January to July from 2008 to 2011
Table 1: The national crude steel production situation in bearing steel manufacturers from January to July in 2011
Table 2: The national steel production ranking for bearing steel manufacturers from January to July in 2011
From Table 1 & Table 2, we can saw that the first three for bearing steel output from January to July in 2011 were still Zhongxin Special Steel (Xinye Steel and Xingcheng Special Steel ), Dongbei Speical Steel and Nanjing Steel, with the same rank compared with the last period.
Second, Bearing Steel Market Performance in August
The price of bearing steel was weak in August, and the decline was relatively large due to the great demand for most merchants, meanwhile the market was quite mature, the overall steel market trend was more sensitive, on the other hand, with more large-scale annealed material and mold material in northern regions, the price base was quite high, thus the price was relatively stable. The specific condition of bearing steel in the domestic various regions in this month were as follows:
Hangzhou Market: the price in this region significantly dropped in August with the common market deal. Up to the end of August, the average transaction price of small size GCr 15 (continuous casting non-annealed steel) was between 5,800 yuan/ton and 6,050 yuan/ton, and the GCr15 die-casting annealed steel was between 7,650 yuan/ton and 7,750 yuan/ton.
Luoyang Market: the price in this region slightly declined with the common market deal. Up to the end of August, the average transaction price of small size GCr 15 (continuous casting non-annealed steel) was between 6,200 yuan/ton and 6,250 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 light market deal. Up to the end of August, the average transaction price of small size GCr 15 (continuous casting non-annealed steel) was not sufficient, and the GCr15 die-casting annealed steel was between 7,750 yuan/ton and 7,800 yuan/ton.
Picture 2: Average price trend for the domestic bearing steel from 2009 to 2011
According to the statistics from Mysteeel.com: up to the end of August, the national average price of GCr15 continuous casting non-annealed steel of 50mm was 6,282 yuan/ton; the national average price of GCr15 die-casting annealed steel of 100mm was 7,921 yuan/ton.
Table 3: Sales price summary of bearing steel manufacturers in East China in July 2011 (standard continuous casting non-annealed steel bar )
Third, The price of bearing steel will keep stable in September
1.In the aspect of raw material, the trend for iron ore, pig iron, scrap steel and other raw material will adjust, meawhile the price will slightly adjust with the steel market, while the price of chromium will reach 8,500 yuan/ton.
Picutre 3: The chart for the average price of domestic high-carbon ferrochrome from 2010 to 2011
2. As for steel plant, the bearing steel price in most of mainstream steel plants kept stable in August, from this aspect, steel plants still hope to support the market price, meanwhile to do best to maintain bearing steel price would not lead in a low position, we can see from output that the attitude for steel plants was positive.
3. For market, the deal in this month was light, and the delivery was half of the last period. At the same time, it is difficult to strength the market price, and seems that the tranditional peak season will not overcome the cruel reality.
4. For downstream users, the purchasing for end-users was not positive, and the products sales was common, meanwhile the orders received were not satisfied.
In summary, bearing steel market in September is still in the selling off-season, whether the introduction for QE3 could pull up the economy is still unknown. It is estimated that the price in this month will still operate in weakness, it may not directly enter into the traditional peak season, and the price will still decline for the demand will not obviously improved.
Picture 1: The national bearing steel (material) production situation from January to July from 2008 to 2011
Table 1: The national crude steel production situation in bearing steel manufacturers from January to July in 2011
Table 2: The national steel production ranking for bearing steel manufacturers from January to July in 2011
From Table 1 & Table 2, we can saw that the first three for bearing steel output from January to July in 2011 were still Zhongxin Special Steel (Xinye Steel and Xingcheng Special Steel ), Dongbei Speical Steel and Nanjing Steel, with the same rank compared with the last period.
Second, Bearing Steel Market Performance in August
The price of bearing steel was weak in August, and the decline was relatively large due to the great demand for most merchants, meanwhile the market was quite mature, the overall steel market trend was more sensitive, on the other hand, with more large-scale annealed material and mold material in northern regions, the price base was quite high, thus the price was relatively stable. The specific condition of bearing steel in the domestic various regions in this month were as follows:
Hangzhou Market: the price in this region significantly dropped in August with the common market deal. Up to the end of August, the average transaction price of small size GCr 15 (continuous casting non-annealed steel) was between 5,800 yuan/ton and 6,050 yuan/ton, and the GCr15 die-casting annealed steel was between 7,650 yuan/ton and 7,750 yuan/ton.
Luoyang Market: the price in this region slightly declined with the common market deal. Up to the end of August, the average transaction price of small size GCr 15 (continuous casting non-annealed steel) was between 6,200 yuan/ton and 6,250 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 light market deal. Up to the end of August, the average transaction price of small size GCr 15 (continuous casting non-annealed steel) was not sufficient, and the GCr15 die-casting annealed steel was between 7,750 yuan/ton and 7,800 yuan/ton.
Picture 2: Average price trend for the domestic bearing steel from 2009 to 2011
According to the statistics from Mysteeel.com: up to the end of August, the national average price of GCr15 continuous casting non-annealed steel of 50mm was 6,282 yuan/ton; the national average price of GCr15 die-casting annealed steel of 100mm was 7,921 yuan/ton.
Table 3: Sales price summary of bearing steel manufacturers in East China in July 2011 (standard continuous casting non-annealed steel bar )
Third, The price of bearing steel will keep stable in September
1.In the aspect of raw material, the trend for iron ore, pig iron, scrap steel and other raw material will adjust, meawhile the price will slightly adjust with the steel market, while the price of chromium will reach 8,500 yuan/ton.
Picutre 3: The chart for the average price of domestic high-carbon ferrochrome from 2010 to 2011
2. As for steel plant, the bearing steel price in most of mainstream steel plants kept stable in August, from this aspect, steel plants still hope to support the market price, meanwhile to do best to maintain bearing steel price would not lead in a low position, we can see from output that the attitude for steel plants was positive.
3. For market, the deal in this month was light, and the delivery was half of the last period. At the same time, it is difficult to strength the market price, and seems that the tranditional peak season will not overcome the cruel reality.
4. For downstream users, the purchasing for end-users was not positive, and the products sales was common, meanwhile the orders received were not satisfied.
In summary, bearing steel market in September is still in the selling off-season, whether the introduction for QE3 could pull up the economy is still unknown. It is estimated that the price in this month will still operate in weakness, it may not directly enter into the traditional peak season, and the price will still decline for the demand will not obviously improved.
(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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