Bearing Steel Market in China Continue to Drop in December 2011
Resource from: CBCC Likes:3012
Dec 06,2011
Summary: Look back to the bearing steel market in November, the price for GCr15 significantly declined with the bad overall market demand. Up to the end of November, the national average price of GCr15 continuous casting non-annealed steel of 50mm was 5,754 yuan/ton, dropped about 378.1 yuan/ton compared with the price in last month; the national average price of GCr15 die-casting annealed steel of 100mm was 8,093 yuan/ton. The overall bearing steel market in November was not quite good with the price quickly fell, meanwhile the whole attitude was negative, even some individual markets sold their goods at lower price so as to reduce inventory. It is estimated that bearing steel market will continue to drop.
Firstly、The domestic production situation of bearing steel
The domestic production capability of bearing steel crude steel was about 2.904 million tons from January to October in 2011, increased by 11.4% compared with the same period of last year; the output of bearing steel was 2.736 million tons, rose by 12.1% compared with the same period of last year. In October, the output of bearing steel crude steel was 197,000 tons, meanwhile the output of bearing steel was 204,000 tons.
Picture One: The national bearing steel (crude steel) production situation from January to October from 2010 to 2011
Data Resource: MRI
It is learned from Picture 1 that the output of bearing steel significantly decreased in October 2011, while slightly increased compared with last October However, the output for the whole year was quite well with the increment range maintaining above two digits.
Table One: The national crude steel production situation in bearing steel manufacturers from January to October in 2011 (Unit: ton)
From Table One, we can saw that the first three for bearing steel output from January to October in 2011 were Zhongxin Special Steel (Xinye Steel and Xingcheng Special Steel ), Dongbei Speical Steel and Juneng Steel, ranks for other steel plant kept stable. (Sha Steel just counted the yield of Huai Steel)
Secondly、Bearing Steel Market Performance in November
In the first place, the export volume of bearing steel in October slightly declined
According to the data of the domestic ten major bearing steel manufacturing enterprises, the export of bearing steel in this October was 8,927 tons, reduced about 621 tons compared with September. The key enterprise for bearing export in October was Cingcheng Special Steel with the volume of 8,755 tons.
Picture Two: Bearing steel export situation for the domestic major special steel enterprises from January to October of 2010-2011
Data Resource: MRI
In the second place, the bearing steel market continued to drop in November
The price of bearing steel quickly dropped in November with the bad market deal conditions. On the other hand, merchants chose to deliver goods at lower price due to the higher inventory, meanwhile faced with the pressure of low demand and financial issues, thus the market price was greatly influenced. 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 November with the bad market deal. Up to the end of November, the average transaction price of small size GCr 15 (continuous casting non-annealed steel) was between 5,200 yuan/ton and 5,250 yuan/ton, and the GCr15 die-casting annealed steel was between 7,600 yuan/ton and 7,700 yuan/ton.
Luoyang Market: the price in this region declined with the light market deal. Up to the end of November, the average transaction price of small size GCr 15 (continuous casting non-annealed steel) was between 5,600 yuan/ton and 5,750 yuan/ton, and the GCr15 die-casting annealed steel was between 7,600 yuan/ton and 7,700 yuan/ton.
Xi'an Market: the price in this region slightly decreased, meanwhile the market deal was common. Up to the end of November, 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 7,700 yuan/ton and 7,800 yuan/ton.
Picture Three: Average price trend for the domestic bearing steel from 2009 to 2011
Data Resource: MRI
According to the statistics from Mysteeel.com: up to the end of November, the national average price of GCr15 continuous casting non-annealed steel of 50mm was 5,754 yuan/ton; the national average price of GCr15 die-casting annealed steel of 100mm was 8,093 yuan/ton.
Table Two: Sales price summary of bearing steel manufacturers in East China (standard continuous casting non-annealed steel bar ) unit: yuan/ton
From Table Two, the bearing steel price in East China significantly dropped in November with the weak overall market, meanwhile the demand was light. Merchants delivered goods at lower price to reduce inventory. However, lower price was still difficult to stimulate the purchasing desire for downstream enterprises.
Thirdly、The price of bearing steel for the post market slowly declined
1.In the aspect of raw material, the price for high-chrome in November dropped to 7,650 yuan/ton, declined about 400 yuan/ton compared with the price in last month. Besides, the price for iron ore, pig iron, scrap steel and other raw material also dropped to different extent, which has further promoted the declining price for bearing steel market.
Picutre Four: The chart for the average price of domestic high-carbon ferrochrome from 2010 to 2011
Data Resource: MRI
2. As for steel plant, though the output for steel plants in October significantly dropped, yet still increased compared with last October. At the same time, the yield for the whole year still kept above two digits, while the growth obviously released in the second half of this year, which has shown the insufficient confidence for the post market.
3. For downstream users, the market demand for bearing steel in this month was low, but the condition was much better than upstream manufacturing enterprises on the output of rolling bearings. The national output of rolling bearings was 19.36903 billion sets in October 2011, with the growth of 19% compared with the same period of last year. It is estimated that the demand for post market will warm up due to the delivery at lower price from merchants, on the other hand, the downstream production in July and August was quite small, thus many enterprises will step up production to complete the annual plan by the end of this year.
Picture Five: The national output situation of rolling bearing from January to October of 2010-2011 among downstream enterprises
4. For market, inventory for merchants reduced to certain extent, the original bearing steel price was much higher than other quality steel products. The following declining is imperative for making adjustment for the whole market after months of dismal performance.
It is estimated the possibility for inversion is small for the whole steel market by the end of this year as for winter coming and approaching for winter storage, besides, the site construction and so on will be impacted to certain extent, and the domestic and international economic situation did not make any obvious improvement.
Data Resource: MRI
It is learned from Picture 1 that the output of bearing steel significantly decreased in October 2011, while slightly increased compared with last October However, the output for the whole year was quite well with the increment range maintaining above two digits.
Table One: The national crude steel production situation in bearing steel manufacturers from January to October in 2011 (Unit: ton)
From Table One, we can saw that the first three for bearing steel output from January to October in 2011 were Zhongxin Special Steel (Xinye Steel and Xingcheng Special Steel ), Dongbei Speical Steel and Juneng Steel, ranks for other steel plant kept stable. (Sha Steel just counted the yield of Huai Steel)
Secondly、Bearing Steel Market Performance in November
In the first place, the export volume of bearing steel in October slightly declined
According to the data of the domestic ten major bearing steel manufacturing enterprises, the export of bearing steel in this October was 8,927 tons, reduced about 621 tons compared with September. The key enterprise for bearing export in October was Cingcheng Special Steel with the volume of 8,755 tons.
Picture Two: Bearing steel export situation for the domestic major special steel enterprises from January to October of 2010-2011
Data Resource: MRI
In the second place, the bearing steel market continued to drop in November
The price of bearing steel quickly dropped in November with the bad market deal conditions. On the other hand, merchants chose to deliver goods at lower price due to the higher inventory, meanwhile faced with the pressure of low demand and financial issues, thus the market price was greatly influenced. 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 November with the bad market deal. Up to the end of November, the average transaction price of small size GCr 15 (continuous casting non-annealed steel) was between 5,200 yuan/ton and 5,250 yuan/ton, and the GCr15 die-casting annealed steel was between 7,600 yuan/ton and 7,700 yuan/ton.
Luoyang Market: the price in this region declined with the light market deal. Up to the end of November, the average transaction price of small size GCr 15 (continuous casting non-annealed steel) was between 5,600 yuan/ton and 5,750 yuan/ton, and the GCr15 die-casting annealed steel was between 7,600 yuan/ton and 7,700 yuan/ton.
Xi'an Market: the price in this region slightly decreased, meanwhile the market deal was common. Up to the end of November, 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 7,700 yuan/ton and 7,800 yuan/ton.
Picture Three: Average price trend for the domestic bearing steel from 2009 to 2011
Data Resource: MRI
According to the statistics from Mysteeel.com: up to the end of November, the national average price of GCr15 continuous casting non-annealed steel of 50mm was 5,754 yuan/ton; the national average price of GCr15 die-casting annealed steel of 100mm was 8,093 yuan/ton.
Table Two: Sales price summary of bearing steel manufacturers in East China (standard continuous casting non-annealed steel bar ) unit: yuan/ton
From Table Two, the bearing steel price in East China significantly dropped in November with the weak overall market, meanwhile the demand was light. Merchants delivered goods at lower price to reduce inventory. However, lower price was still difficult to stimulate the purchasing desire for downstream enterprises.
Thirdly、The price of bearing steel for the post market slowly declined
1.In the aspect of raw material, the price for high-chrome in November dropped to 7,650 yuan/ton, declined about 400 yuan/ton compared with the price in last month. Besides, the price for iron ore, pig iron, scrap steel and other raw material also dropped to different extent, which has further promoted the declining price for bearing steel market.
Picutre Four: The chart for the average price of domestic high-carbon ferrochrome from 2010 to 2011
Data Resource: MRI
2. As for steel plant, though the output for steel plants in October significantly dropped, yet still increased compared with last October. At the same time, the yield for the whole year still kept above two digits, while the growth obviously released in the second half of this year, which has shown the insufficient confidence for the post market.
3. For downstream users, the market demand for bearing steel in this month was low, but the condition was much better than upstream manufacturing enterprises on the output of rolling bearings. The national output of rolling bearings was 19.36903 billion sets in October 2011, with the growth of 19% compared with the same period of last year. It is estimated that the demand for post market will warm up due to the delivery at lower price from merchants, on the other hand, the downstream production in July and August was quite small, thus many enterprises will step up production to complete the annual plan by the end of this year.
Picture Five: The national output situation of rolling bearing from January to October of 2010-2011 among downstream enterprises
4. For market, inventory for merchants reduced to certain extent, the original bearing steel price was much higher than other quality steel products. The following declining is imperative for making adjustment for the whole market after months of dismal performance.
It is estimated the possibility for inversion is small for the whole steel market by the end of this year as for winter coming and approaching for winter storage, besides, the site construction and so on will be impacted to certain extent, and the domestic and international economic situation did not make any obvious improvement.
(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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