Weekly Review of Bearing Steel Market in China (December 24th to December 31th, 2011)
Resource from: CBCC Likes:3009
Jan 04,2012
The bearing steel price in this week was stable. Up to Friday, the national average price of continuous casting non-annealed steel was 5,754 yuan/ton, the mainstream quotation for the second tier steel plant in South China was between 5,200 yuan/ton and 5,300 yuan/ton. This week is the last transaction week in 2011, bearing steel market was steady with light deal. It is estimated that price for bearing steel market will not greatly fluctuated before the spring festival, which will be look forward to a relatively large bounce in the coming March and April.
The domestic iron essence pink market in this week still operated under weakness as last week, price in some regions slightly dropped with light market deal. The imported ore market was stable, and the transaction volume slightly increased. Due to the Christmas holidays, the Baltic Exchange temporarily closed, meanwhile the corresponding data stopped to announce. The domestic pig iron market in this week kept stable with light market deal, quotation for most of regions did not obviously changed. The whole DRI market stably operated with the common stock deal, and the quotation for mainstream market was stable, besides, the stock purchasing for downstream market was quite well. The domestic square billet market operated with weakness, price basically maintained 30 yuan/ton with light market deal. The domestic scrap market in this week was weak while adjusted in some individual regions. The coking coal market in this week continued to operate under weakness with common deal, price in some individual regions slightly declined. The imported coking coal inventory in some major ports generally rose while price slightly declined with bad market deal. The overall coke market still kept stable with common deal and stable price, however, inventory in coking plants dropped to some extent. Silicon, manganese products in common alloy market mainly maintained stable, while chrome products slightly rose, the special alloy market was steady, price decreased for few varieties.
[East China Region] This week the bearing steel price in East China market adjusted 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 between 5,200 yuan/ton and 5,250 yuan/ton; Echeng Steel GCr15Φ30-75 non-annealed steel was between 5,200 yuan/ton and 5,250 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 5,800 yuan/ton with a few of stock; Nanjing Steel Group GCr15Φ16-40 heat treatment non-annealed steel was 5,250 yuan/ton; Dongbei Special Steel GCr15Φ30-95 heat treatment annealed steel was 5,300 yuan/ton; Shougang Group GCr15Φ50 hot rolled non annealed steel was out of stock. This week the bearing steel price in Wuxi market was stable, meanwhile the deal was weak; Up to this weekend, the quotation in Wuxi market was as follows: Xingcheng Steel GCr15Φ30-75 hot rolled non annealed steel was 6,100 yuan/ton, out of stock; Xingyegang Steel GCr15Φ30-50 continuous annealed steel was 6,500yuan/ton; Beiman Steel GCr15Φ40-75 heat treatment annealed steel was 6,550yuan/ton; Wuxi Huarun Steel GCr15Φ50-80 hot rolled non-annealed steel was 5,500 yuan/ton with a few of stock; Nanjing Steel GCr15Φ50 hot rolled non-annealed steel was 5,500 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot rolled non-annealed steel was 5,550 yuan/ton.
[Central South China Region] This week the bearing steel price in Luoyang market was stable; the deal was common. Up to this weekend, the quotation in Luoyang market was as follows: Shijiazhuang Steel GCr15Φ16-50 annealed steel was 6,600 yuan/ton and GCr15Φ24-50 non-annealed steel was 5,700yuan/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 6,600yuan/ton, out of stock, die-casting non-annealed steel was 5,750 yuan/ton; Xining Steel GCr15Φ25-70 continuous casting non-annealed steal was 5,700yuan/ton. This week the bearing steel price in Wuhan market kept stable and the deal was common. Echeng Steel GCr15Φ14-30 non-annealed steel was 5,650yuan/ton; Xinyegang Steel GCr15Φ80-110 continuous casting non-annealed steel was 5,900yuan/ton and die casting annealed steel was 7,800yuan/ton; GCr15Φ42-75 continuous casting non-annealed steel was 5,850yuan/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 5,950yuan/ton, out of stock; Dongbei Special Steel GCr15Φ25-40 continuous casting annealed steel was 6,800yuan/ton; Benxi Steel Φ70-130 continuous casting steel was 5,650 yuan/ton, Benxi Steel GCr15Φ150-180 die-casting annealed steel was 7,400 yuan/ton. This week the bearing steel price in Harbin market maintained 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 5,750yuan/ton.
[Southwest China Region] This week the price of bearing steel in Chengdu market was stable and the market resource was not sufficient. Up to this weekend, Changcheng Steel GCr15Φ80-130 continuous casting annealed steel was 6,450 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 6,500 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 6,600yuan/ton, out of stock; part of Changcheng Steel GCr15Φ30-65 continuous casting non-annealed steel was 5,850 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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