Weekly Review of Bearing Steel Market in China (May 19th to May 25th, 2012)
Resource from: CBCC Likes:3024
May 29,2012
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 kept stable this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 5773 yuan/ton, 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 market deal in this week was bleak, taders faced more difficulties on shipments, with some of them even embarrassed by zero turnover for a few days. As the overall steel market has been in a slump, the bearing steel market is difficult to turn for the better. China Iron and Steel Association (CISA ) announced that the production of crude steel hit a record high in early May, so we can see that the stock pressure will greatly impact the market trend, which will make it difficult for the steel market to bounce back. It is expected that the bearing steel market in next week will run in the weakness consolidation status, and the price will experience slight decline if the transaction fails to improve.
Looking at the market trend this week, the market has gradually touched the bottom. Although the price of iron concentrate powder in Tangshan region is still 800 yuan/ ton, but there has arose the cost pressure in some areas, such as the low-grade mines in Inner Mongolia, Chengde and other regions. The imported ore market as a whole maintained the weak downward trend, but showed short-term steady signs in the second half due to small purchases from some steel mills. The prices in marine market first went up and then down, and the market trade was light, with the freight rate of every major freight routes declining to various degrees. The domestic pig iron market continued the downtrend as last week, the deal was light, and the stock continued to rise. The direct reduced iron market remained the weak tendency, where the prices of spot goods further decreased in some areas, and the procurement and transaction situations in the downstream market were still poor. The prices in domestic steel billet market continued to fall following the weak tendency in the last few weeks. The prices in domestic scrap steel market became stable after decline, and the market transactions were not good. The domestic PCI coal market remained the downward trend, the coal price experienced regional decline, mainly in the north, northwest and southwest parts, and the turnover situation was as poor as last week. The coke market was in confusion, where the prices kept falling, and the north, east and central China all underwent price fall to different degrees with the mainstream decrease of 20 to 50 yuan/ton. The common alloy market ran steadily as a whole, where the quoted prices of some varieties kept strong. The special alloy market was mainly in the weak consolidation, where the prices of some varieties are expected to rise, so suppliers feel reluctant to sell.
The bearing steel prices kept stable this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 5773 yuan/ton, 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 market deal in this week was bleak, taders faced more difficulties on shipments, with some of them even embarrassed by zero turnover for a few days. As the overall steel market has been in a slump, the bearing steel market is difficult to turn for the better. China Iron and Steel Association (CISA ) announced that the production of crude steel hit a record high in early May, so we can see that the stock pressure will greatly impact the market trend, which will make it difficult for the steel market to bounce back. It is expected that the bearing steel market in next week will run in the weakness consolidation status, and the price will experience slight decline if the transaction fails to improve.
[East China Region] This week, the bearing steel prices in East China market kept stable, 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 5,350 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 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 price in Wuxi market was stable on the whole, 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 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 5,600 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 5,500 to 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 on the whole 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 remained stable 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 was stable temporarily 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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