Weekly Review of Bearing Steel Market in China (May 5th to May 11th, 2012)
Resource from: CBCC Likes:2994
May 15,2012
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 increased in this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 5773 yuan/ton, 9 yuan/ton increased compared with last week, and the prevailing quotations for continuous casting non-annealed steel from the second ranking steel plants in South China was from 5,350 to 5,450 yuan/ton. The bearing steel prices in this week first went up and then down, showing a pattern of shock consolidation. In terms of the current situation of steel mills, the output is larger than normal which has resulted in high stock of spot goods to traders, and in fact the inventory level has slowly increased to the worrying level while the market demand fails to keep up with the pace of production expansion. What's worse, the coming few months is the traditional low season for the steel market, so the market confidence is gradually falling. For now, although the macroeconomy is getting better, it is far from the extent to pull up the market price. As expected, the bearing steel market prices will continue the consolidation trend, and the prices will be more likely to fall if the overall steel market continues the weak performance.
Affected by the continuous price plunge, the procurement price of high-purity iron ore in Hebei fell again this week, in the range of 10 to 20 yuan/ton. The imported ore market maintained the vulnerable downstream trend as a whole, the market mentality turned for the worse in the second half of this week, the price falling speed showed signs of acceleration, and the overall volume was light. The marine market slightly fell as a whole with both the import and export growth slowing down. The range of price drop in the domestic pig iron market was relatively large, the deal was light, with increases in inventories. The direct reduction iron market ran in the weak trend as a whole with the spot prices of some varieties generally fell in all regions, and the whole downstream procurement requirements are normal. The domestic steel billet market ran in the vulnerable downward trend, with the prices falling in most areas ranging from 10 to 80 yuan/ton. The prices in the domestic scrap steel market continued to decline affected by the steel billet market, and the deal was light; the steel mills had less demand, so traders mainly took the Rapidly In And Out strategy. The overall coking coal market showed relatively weak performance, and the deal was not smooth. The imported coal market ran in the vulnerable consolidation, with the quoted prices of some varieties constantly falling. The prices in the coke market continued to fall with Eastern China as the major price reduction area and the mainstream range of price decrease being 30 yuan/ton. 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 experienced consolidation in a narrow range of shock, and the market deal was light with higher inventory level. 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 5,350 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 5,750 yuan/ton, less stock; Nanjing Steel Group GCr15Φ16-40 heat-treated non-annealed steel was 5,450 to 5500 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 slightly increased, 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 5,600 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 to 5,450 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot-rolled non-annealed steel was 5,450 to 5,500 yuan/ton.
[Central South China Region] This week, the bearing steel prices in Luoyang market slightly increased 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 5,600 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 5,400 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 increased 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 5,500 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 5,400 to 5,450 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 GCr15Φ50 continuous casting non-annealed steel was 6100 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 was 6,500 yuan/ton, less stock. This week, the bearing steel prices in Chongqing market kept 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 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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