Weekly Review of Bearing Steel Market in China (October 15th to October 21th, 2011)
Resource from: CBCC Likes:3000
Oct 25,2011
The bearing steel price in this week decreased with fewer deal, the market was light while inventory slightly improved due to the bad delivery. Up to Friday, the national average price of continuous casting non-annealed steel was 6,136 yuan/ton, dropped 46 yuan/ton, the price for Southern market obivously declined. The mainstream quotation for the second tier steel plant in South China was between 5,650 yuan/ton and 5,750 yuan/ton, most of merchants were lack of confidence due to the weak delivery. This week, price for the whole steel market significantly dropped, bearing steel market will be difficult to get rid of declining if steel market do not improve next week. It is estimated that bearing steel market in next week will continue to drop.
The overall domestic iron essence pink market was weak, price sharkly dropped compared with that in last week, and the trade nearly stopped. The quotation for imported ore market in this week significantly dropped with fewer inquiries, meanwhile the quotation was in mess. The domestic pig iron market in this week also dropped, demand for downstream basically stopped, meanwhile did not have any deal, however, inventory for iron plant constantly increased, some enterprises planned to stop furnace for maintainence. The stock market for DRI weakly operated, with furnace material continue to drop as that in last week, at the same time, some species significantly declined because that steel dropped in Tangshan region. The domestic square billet market frequently dropped in this week. The overall scrap market in this week decreased under the condition of weakness. The anthractite market in this week basically kept stable. The price for steam coal kept stable and slightly increased. The coking coal in this week still rose, in the meanwhile, the deal was quite well. The imported coke market stably operated. The common alloy market was weak, the special alloy market declined. The quotation for chromium alloy was weak with light market deal, and the price for imported chromium ore obviously dropped.
[East China Region] This week the bearing steel price in East China market declined and the market deal was light. Up to this weekend, the quotation in Hangzhou market was as follows: Daye Nonferrous GCr15Φ50-70 non-annealed steel was 5,750 yuan/ton; Echeng Steel GCr15Φ30-75 non-annealed steel was between 5,650 yuan/ton and 5,700 yuan/ton; Shanghai No. 5 Steel Plant GCr15Φ26-70 heat treatment spheroidizing annealed steel was 7,300yuan/ton; Xingcheng Steel GCr15Φ50 non-annealed steel was 6,100 yuan/ton with a few of stock; Nanjing Steel Group GCr15Φ16-40 heat treatment non-annealed steel was between 5,650 yuan/ton and 5,700 yuan/ton; Dongbei Special Steel GCr15Φ30-95 heat treatment annealed steel was 5,750 yuan/ton; Shougang Group GCr15Φ50 hot rolled non annealed steel was out of stock. This week the bearing steel price in Wuxi market 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 6,300 yuan/ton, out of stock; Xingyegang Steel GCr15Φ30-50 continuous annealed steel was 6,700yuan/ton; Beiman Steel GCr15Φ40-75 heat treatment annealed steel was 6,600yuan/ton; Wuxi Huarun Steel GCr15Φ50-80 hot rolled non-annealed steel was 5,850 yuan/ton with a few of stock; Nanjing Steel GCr15Φ50 hot rolled non-annealed steel was 5,850 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot rolled non-annealed steel was 5,900 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 6,800 yuan/ton and GCr15Φ24-50 non-annealed steel was 6,200yuan/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 6,900yuan/ton, out of stock, die-casting non-annealed steel was 6,200 yuan/ton; Xining Steel GCr15Φ25-70 continuous casting non-annealed steal was 6,150yuan/ton; Dongbei Special Steel GCr15Φ30-50 die casting annealed steel was 7,900yuan/ton. This week the bearing steel price in Wuhan market was stable and the deal was common. Echeng Steel GCr15Φ14-30 non-annealed steel was 6,000yuan/ton; Xinyegang Steel GCr15Φ80-110 continuous casting non-annealed steel was 6,250yuan/ton and die casting annealed steel was 7,800yuan/ton; GCr15Φ42-75 continuous casting non-annealed steel was 6,200yuan/ton.
[North China Region] This week the bearing steel price in Shenyang market kept stable and the deal was common. Up to this weekend, Dongbei Special Steel GCr15Φ25-60 continuous casting non-annealed steel was 6,200yuan/ton, out of stock, GCr15Φ35-50 die casting annealed steel was 7,600yuan/ton, GCr15Φ100 die casting non-annealed steel was 7,200yuan/ton; Dongbei Special Steel GCr15Φ25-40 continuous casting annealed steel was 6,900yuan/ton; Benxi Steel Φ70-130 continuous casting steel was 6,300 yuan/ton. This week the bearing steel price in Harbin market was basically stable and the deal was common. Benxi Steel GCr15Φ50-75 heat treatment annealed steel was 6,900yuan/ton, out of stock; Dongbei Special Steel GCr15Φ50 annealed steel was out of stock; Dongbei Special Steel GCr15Φ40-75 continuous casting non-annealed steel was 6,150yuan/ton and GCr15Φ100 die casting annealed steel was 7,700yuan/ton.
[Southwest China Region] This week the price of bearing steel in Chengdu market basically kept stable and the market resource was not sufficient. Up to this weekend, Changcheng Steel GCr15Φ80-130 continuous casting annealed steel was 7,200 yuan/ton; Dongbei Special Steel GCr15Φ120-170 die casting annealed steel was 7,950 yuan/ton; Xining SteelΦ150-200 die casting annealed steel was 7,800 yuan/ton, out of stock; Xining Steel GCr15Φ30-75 continuous casting annealed steel was 6,900 yuan/ton with a few of stock. This week the bearing steel resource in Chongqing market was 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 6,000 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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