Weekly Review of Bearing Steel Market in China (Apr 29th to May 4th, 2012)
Resource from: CBCC Likes:3003
May 09,2012
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 prices in bearing steel market kept stable this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 5764 yuan/ton, with the prevailing quotations for continuous casting non-annealed steel from the second ranking steel plants in South China from 5,400 to 5,500 yuan/ton. The trading days in this week was fewer due to the May Day holiday, and the downstream enterprises showed less desire for purchase, so the deal was relatively light. Now the mentality of the market traders are relatively stable, and it is generally felt that the price is not likely to fall dramatically though lack of upward momentum, so steel mills will have higher pressure on the market while devoted in vigorous production. The market inventory has gone up at a higher level, and it is expected that the bearing steel market will run in the consolidation trend, with some room for slight rising.
This week, the north China market experienced vulnerable consolidation, and the turnover in Tangshan region was slightly improved due to "fill bank" from steel mills. The imported ore market continued the weak operation. The marine market got warm a little as a whole with slowdown in shipping activity affected by the May Day holiday. The domestic pig iron market stably operated in the vulnerable trend with vulnerable consolidation striking only a few areas; the turnover was not smooth, and the inventory was somewhat increased. The direct reduced iron remained in weak running, and the spot transactions in varous areas appeared well enough without major fluctuations in spot price. The domestic steel billet market ran in weak consolidation with slight price drop in some areas. The domestic scrap steel market continued the downtrend, wherein, the prices of timber and billet continued to fall which increased the pessimism; the steel mills tended to forced down the price, so traders had more dificulities in delivering from godown compared with last week, and the transaction was commom. The domestic PCI coal market remains vulnerable downturn trend, with the prices 20-30 yuan decreased per ton in North, East and Central China; the deal was light. The coking coal market ran in the weakness consolidation state, and the transaction was commom. The imported coal market continued the weak tendency in previous period, with the overall performance being weak and nearly no change in the quoted price. The coke market entered again the down channel. The common alloy market ran steadily in general. The prices of some varieties declined in the special alloy market while others remained the same.
[East China Region] This week, the bearing steel prices in East China market kept stable in a bullish mood 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 witnessed slight adjustments, 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 5,400 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 to 5,450 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 5,400 yuan/ton; Xinyegang Steel GCr15Φ80-110 continuous casting non-annealed steel was 6,000 yuan/ton, GCr15Φ40-75 continuous casting non-annealed steel was 5,950 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 increased 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 6,100 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 increased and the market resources were not sufficient. Up to this weekend, Xinyegang Steel GCr15Φ80-110 continuous casting non-annealed steel was 6050 yuan/ton, 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 was6,500 yuan/ton, less stock. This week, the bearing steel prices in Chongqing market increased. 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 6,050 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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