Weekly Review of Bearing Steel Market in China (Feb 25th to Mar 2nd, 2012)
Resource from: CBCC Likes:3040
Mar 09,2012
(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 prices in this week slightly dropped. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 5694 yuan/ton, 14 yuan/ton reduced compared with the price in last weekend, and the prevailing quotations for continuous casting non-annealed steel from the second ranking steel plants in South China was 5,300 to 5,400 yuan/ton. The bearing market prices showed small adjustments and the market deal was light. Some traders in South China tried to pull up their market quotation, but the demand failed to kept pace, so the actual transaction price didn’t experience the same rate of quotation increase as expected. At present, most traders assume a negative attitude as they think there is very limited room for price increases, and the market price is more likely to keep the stable trend. It is expected that the bearing steel market price will remain weak consolidation next week with less possibility of demand improvement.
The domestic fine iron powder market showed slight increase in this week. The imported ore market price finally became stable after slight rise, and the overall turnover was common. The marine market price rose moderately, with handysize carriers performing noticeably well. The domestic pig iron market price showed a narrow range of fluctuations, the factory inventory slightly increased, and the market deal become weaker. Although the prices of the steel and billet markets were obviously pulled up, the same with the raw materials, but the downstream market demand appeared a little weak due to the lack of staying power. The domestic steel market continued a steady upward trend with substantial pull-ups appearing in most areas, the amount of increase was 30 to 100 yuan/ton, and the transaction situation was acceptable. The domestic scrap market price showed steady consolidation, with slight pull-up appearing in some areas within East China and North China, etc. In contrast, the purchase price of individual steel mills in Central China slightly reduced, but the ups and downs were not obvious, remaining about 20 yuan/ton. The domestic PCI coal market was temporarily stable, the running condition was not good enough, and the deal was light. PCI coal price in some areas continued slight fluctuations in the downward trend, and the PCI coal market might be affected as the anthracite coal prices in Shanxi began to fall recently. The anthracite market prices in Shanxi and Henan experienced decline for the first time since November, with the overall decrease of 30 to 50 yuan/ton. The thermal coal market as a whole continued the weak consolidation. The coking coal market remained steady downward trend, and the deal was common. The downstream demand was still weak, some steel mills slightly lowered the procurement price of coking coals, with the thought of downward trend prevailing. The imported coal market remained weak operation, and the turnover was bleak. The mainstream coke market continued to oscillate in quotations. The common alloy market ran in weak status accompanied by slight price fall of some products while the special alloy market ran in weakness consolidation status. The quotations of ferrochrome became loose by the impact of the steel procurement price, and the oversupply of ferrochrome arose in some areas due to the lack of confidence in the domestic market. The chrome ore market will continue to run in low consolidation with the turnover reduced.
[East China Region] This week, the bearing steel prices in East China market kept stable and quotations experienced slight increase, however, the transaction prices showed tentative hints of stabilizing 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 heat-treated non-annealed steel was 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-rolled non-annealed steel was 5,300 to 5,350 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 5,350 to 3,400 yuan/ton; Shougang Group GCr15Φ50 hot-rolled non-annealed steel was out of stock. This week, the bearing steel prices in Wuxi market slightly declined, and the deal was weak; Up to this weekend, the quotations in Wuxi market were as follows: Xingcheng Steel GCr15Φ30-75 hot-rolled non-annealed steel was 5,500 yuan/ton, out of stock; Xinyegang Steel GCr15Φ30-50 continuous casting annealed steel was 6,100 yuan/ton; Beiman Steel GCr15Φ40-75 heat-treated annealed steel was 6,150 yuan/ton; Wuxi Huarun Steel GCr15Φ50-80 hot-rolled non-annealed steel was 5,350 yuan/ton, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was around 5,350 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot-rolled non-annealed steel was 5,400 yuan/ton.
[Central South China Region] This week, the bearing steel prices in Luoyang market showed slight decline and the deal was light. Up to this weekend, the quotations in Luoyang market were as follows: Shijiazhuang Steel GCr15Φ16-50 heat-treated annealed steel was 6,500 yuan/ton and GCr15Φ24-50 continuous casting non-annealed steel was 5,500yuan/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 5,500 yuan/ton; Xining Steel GCr15Φ25-70 continuous casting non-annealed steal was 5,500 yuan/ton. This week, the bearing steel prices in Wuhan market experienced slight increase 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 5,950yuan/ton, GCr15Φ42-75 continuous casting non-annealed steel was 5,900 yuan/ton, and die-casting annealed steel was 7,800 yuan/ton.
[North China Region] This week, the bearing steel prices in Shenyang market showed small price drop and the deal was common. Up to this weekend, Dongbei Special Steel GCr15Φ25-60 continuous casting non-annealed steel was 5,400 yuan/ton, out of stock; Dongbei Special Steel GCr15Φ25-40 continuous casting annealed steel was 6,800 yuan/ton; Benxi Steel Φ70-130 continuous casting steel was 5,250 yuan/ton, Benxi Steel GCr15Φ150-180 die-casting annealed steel was 7,200 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 6,900 yuan/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 5,750 yuan/ton.
[Southwest China Region] This week, the bearing steel prices in Chengdu market kept 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 prices in Chongqing market remained stable. Donghua Special Steel GCr15Φ20-30 heat-treated annealed steel was out of stock; Xining Steel Φ80-120 rolled annealed 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 annealed 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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