Weekly Review of Bearing Steel Market in China (Apr 14th to Apr 20th, 2012)
Resource from: CBCC Likes:3003
Apr 25,2012
Note:(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
XA: Xi'an, Shaanxi province
TJ: Tianjin
SY: Shenyang, Liaoning province
HRB: Harbin, Heilongjiang province
The bearing steel prices in this week were basically stable. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 5710 yuan/ton, 10 yuan/ton increased compared with last week, and fluctuations in prices mainly appeared in South China, with the prevailing quotations for continuous casting non-annealed steel from the second ranking steel plants in this area being 5,400 to 5,450 yuan/ton. The inventories remained at a lower level, although the market quotes showed upward trend, the actual transactions were quite few, which made it difficult to see a real rising trend. Fortunately, the market mentality was good, traders mainly held great confidence in the market outlook. Due to the poor performance in previous period, the traders generally ordered less, thus resulting in the low volume of goods arrived, a factor for the good market performance lately. With the arrival of new batch of goods in later period, whether the price trend can remain strong will depend on the overall performance of the steel market. The bearing steel market price in next week is expected to go up on a stable basis with narrow fluctuations.
The prices in domestic iron concentrate market in North China region declined this week. The imported ore market showed a steady trend, with no improvement in demands. The prices in marine market kept rising for a week driven by the small and medium-sized ships. The prices in domestic pig iron market in most parts experienced slight adjustment, and the turnover was not smooth, with the inventory level was almost the same with last week. The direct reduction iron market ran in the vulnerable status, and the transactions in spot markets in various areas basically remained the same with last week. The transaction status in the mainstream market was normal, with the market differences across regions still obvious.The domestic scrap market continued the vulnerable trend following the last week, with price reduced to varying degrees in various regions. The domestic steel billet market was in the downward trend on a stable basis. The coking coal market was in the downward trend with weaker transactions. The import coal market ran in the vulnerable status, where the quoted prices of some products continued to fall. The coal markets in some areas took the downward trend. The common alloy market and the special alloy market were both in the vulnerable consolidation trend.
[East China Region] This week, the bearing steel prices in East China market slighly increased and the market deal was light. Up to this weekend, the quotations in Hangzhou market are as follows: Xinye GCr15Φ50-70 non-annealed steel was 5350 yuan/ton; Echeng Steel GCr15Φ30-75 heat-treated non-annealed steel was 5,300 yuan/ton; Shanghai No.5 Steel Plant GCr15Φ26-70 heat-treated spheroidizing annealed steel was 7,300 yuan/ton; Xingcheng Steel GCr15Φ50 non-annealed steel was 5,700 yuan/ton, less stock; Nanjing Steel Group GCr15Φ16-40 heat-treated non-annealed steel was 5,400 to 5450 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 5,450 to 5,500 yuan/ton; Shougang Group GCr15Φ50 hot-rolled non-annealed steel was out of stock. This week, the bearing steel prices in Wuxi market kept stable, and the deal was common; Up to this weekend, the quotations in Wuxi market are 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 5,400 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 kept stable and the deal was light. Up to this weekend, the quotations in Luoyang market are as follows: Shijiazhuang Steel GCr15Φ16-50 heat-treated annealed steel was 6,500 yuan/ton and GCr15Φ24-50 continuous casting non-annealed steel was 5,500 yuan/ton; Xinyegang Steel GCr15Φ50-130 die-casting non-annealed steel was 7,700 yuan/ton, out of stock; Changcheng Special Steel GCr15Φ45 continuous casting annealed steel was 6,500 yuan/ton, out of stock, and the 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 kept stable and the deal was common. Echeng Steel GCr15Φ14-30 continuous casting non-annealed steel was 5,350 yuan/ton; Xinyegang Steel GCr15Φ80-110 continuous casting non-annealed steel was 5,950yuan/ton, GCr15Φ40-75 continuous casting non-annealed steel was 5,900 yuan/ton, and the die-casting annealed steel was 7,800 yuan/ton.
[North China Region] This week, the bearing steel prices 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 5,400 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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