Weekly Review of Bearing Steel Market in China (Feb 18th to Feb 24th, 2012)
Resource from: CBCC Likes:3000
Feb 29,2012
(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
The bearing steel price in this week slightly dropped, the shipping condition was poor, and the demand was far from satisfactory. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 5707 yuan/ton, 25 yuan/ton reduced compared with the price in last week, and the revailing quotation for continuous casting non-annealed steel by the second ranking steel plants in South China was between 5,250 yuan/ton and 5,350 yuan/ton. As the steel market price picked up as a whole this week, the traders began to show more confidence in the steel market although they generally felt unsatisfactory about the current transaction condition. They believe that the aftermarket price is less likely to keep falling as the market price has already fallen to a quite lower level, so they thoroughly look forward to the performance of the steel market in March and April. However, the overall economic situation in this year is relatively weak, and the driving force of the following bearing steel market is still insufficient.
The domestic fine iron powder market showed regional characteristics in this week -- the market price in the northern region dropped and that in the southen region remained stably weak. The imported ore market price slightly rose, and the dealing in futures is much better than that in spot. The marine market had its deceleration continued, with ships presenting differently depending on their types. The domestic pig iron market price further dropped, the market deal was light, and the factory inventory generally exceeded the normal level. The direct reduction iron market almost returned to the normal operation, and the transaction condition in spot markets from all areas showed large differences, especially those among the prevailing markets. The Central Bank announced over the weekend that they would cut the deposit reserve ratio by 0.5 percentage point. As a result of this, the market released a positive signal, the domestic steel billet price slightly pulled up to about 20 to 70 yuan/ton, and the transaction condition relatively improved in some areas. The domestic scrap steel market price became stable after falling, and the price in Central China experienced general decline at the beginning of this week while the same in other areas remained steady except for several areas which showed slight downward trend. The coking coal market experienced weakness consolidation, with price furthering declining in some areas, and anticipation of lower price growing in the market. The transactions in the imported coal market in this week are in the doldrums, and the price of low-quality metallurgical coal showed clear downward trend, with high inventory and poor shipment at all coastal ports. The prevailing coke market continued its downward trend in last week with broader scope. The common alloy market continued to run steadily while in the special alloy market, different products showed different market behaviors, mixed with ups and downs. The common alloy market: the ferrosilicon market was in the low-price operation situation, with market transactions in general. The quotation for ferrochrome is weak, and the purchase price for steel plants slightly increased, with relatively limited turnover. Quotations in the chrome ore market were confusing, and the transactions were weak.
[East China Region] This week, the bearing steel price and quotations in East China market kept stable and the market deal was light. Up to this weekend, the quotations in Hangzhou market were as follows: Xinye GCr15Φ50-70 non-annealed steel was 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-treated spheroidizing annealed steel was 7,300yuan/ton; Xingcheng Steel GCr15Φ50 non-annealed steel was 5,700 yuan/ton, less stock; Nanjing Steel Group GCr15Φ16-40 heat-treated spheroidizing annealed steel was between 5,250 yuan/ton and 5,300 yuan/ton; Dongbei Special Steel GCr15Φ30-95 heat-treated spheroidizing annealed steel was 5,350 yuan/ton; Shougang Group GCr15Φ50 hot-rolled non-annealed steel was out of stock. This week, the bearing steel price in Wuxi market slightly declined, and the deal was weak; Up to this weekend, the quotations in Wuxi market was as follows: Xingcheng Steel GCr15Φ30-75 hot-rolled non annealed steel was 5,600 yuan/ton, out of stock; Xinyegang Steel GCr15Φ30-50 continuous casting annealed steel was 6,100yuan/ton; Beiman Steel GCr15Φ40-75 heat-treated annealed steel was 6,150yuan/ton; Wuxi Huarun Steel GCr15Φ50-80 hot-rolled non-annealed steel was 5,400 yuan/ton, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was about 5,400 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot rolled non-annealed steel was 5,450 yuan/ton.
[Central South China Region] This week, the bearing steel price in Luoyang market was stable and the deal was common. Up to this weekend, the quotations in Luoyang market was as follows: Shijiazhuang Steel GCr15Φ16-50 heat-treated annealed steel was 6,500 yuan/ton and GCr15Φ24-50 continuous casting non-annealed steel was 5,600yuan/ton; Xinyegang Steel GCr15Φ50-130 die-casting non-annealed steel was 7,700yuan/ton, out of stock; Changcheng Special Steel GCr15Φ45 continuous casting annealed steel was 6,500 yuan/ton, out of stock, and die-casting non-annealed steel was 5,550 yuan/ton; Xining Steel GCr15Φ25-70 continuous casting non-annealed steal was 5,550 yuan/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 5,350 yuan/ton; Xinyegang Steel GCr15Φ80-110 continuous casting non-annealed steel was 5,900yuan/ton, GCr15Φ42-75 continuous casting non-annealed steel was 5,850 yuan/ton, and die-casting annealed steel was 7,800yuan/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 5,450 yuan/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 5,300 yuan/ton, Benxi Steel GCr15Φ150-180 die-casting annealed steel was 7,300 yuan/ton. This week, the bearing steel price in Harbin market maintained stable and the deal was common. Benxi Steel GCr15Φ50-75 heat-treated annealed steel was 6,900yuan/ton, out of stock; Dongbei Special Steel GCr15Φ50 heat-treated 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 resources were not sufficient. Up to this weekend, Changcheng Steel GCr15Φ80-130 continuous casting annealed steel was 6,450 yuan/ton; Xining Steel Φ150-200 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, less stock. This week, the bearing steel price in Chongqing market was stable. Donghua Special Steel GCr15Φ20-30 heat-treated annealed steel was out of stock; Xining Steel Φ80-120 rolled annealing steel was 6,600 yuan/ton, out of stock; Changcheng Steel GCr15Φ30-65 continuous casting non-annealed steel was 5,800 yuan/ton, some of GCr15Φ30-65 continuous casting annealed steel was 6,600 yuan/ton; Xining Steel Φ80-150 forged annealing steel was 7,600 yuan/ton, less stock.
(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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