Weekly Review of Bearing Steel Market in China (May 26th to Jun 1st, 2012)
Resource from: CBCC Likes:3004
Jun 04,2012
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 were basicly stable this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 5770 yuan/ton, 3 yuan/ton increased compared with last weekand, 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 were basicly stable this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 5770 yuan/ton, 3 yuan/ton increased compared with last weekand, 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 market was in the status of vulnerable consolidation, with the prices in individual districts declined. Under the influence of continuous slowing down of the turnover, the market mentality became negative, and traders were still pessimistic to the market outlook. Although new projects concerning railways, highways, infrastructures, new energy projects, etc. have been issued by the Development and Reform Commission, it will take time to see the macro-benefits, and the market performance is difficult to get improved in short period. It is expected that the bearing steel market will go further in the downward trend next week, but the price is less likely to experience sharp decline as the steel prices are relatively low currently.
The prices of iron concentrate powder stopped dropping and became stable under the influence of the price rebound of steel and imported ores, and even slightly rebounded in some areas. The imported ore got out of the declining tendency, with the first half of the week in the state of consolidation and the second half in the state of fast pulling-up. The prices in marine market fell sharply, and the composite index fell below 1,000 -- the lowest level since March 28 this year. The domestic pig iron market operated in a vulnerable state in general, where the prices firslty dropped and then became stable, the deal was light and the stock constantly rose. The direct reduction iron market remained the vulnerable operation, and the quoted prices of spot goods in individual regions fell sharply. The steel billet market take the "first strong and then weak" trend, representing in the shape of a '√'. Except Central China, the domestic scrap market in most parts slowed down the downtrend, but the deal was still unsatisfactory. The price of coking coal continued to decline, with the turnover was in the doldrums; coke steel enterprises showed strong willingness to decrease the stock, and the coking coal prices were expected to fall. The imported coal market remained weak, where some products experienced obvious drop in price. The prices in the coke market went down slowly with the rate at 20 to 50 yuan/ton, and the market transactions became weak. The common alloy market mainly kept steady or ran in the state of weak consolidation. The overall special alloy market experienced slight decline in price and ran in the state of low consolidation.
[East China Region] This week, the bearing steel prices in East China market ran in the vulnerable consolidation state, 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 prices in Wuxi market kept 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 for temporary 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 slightly decreased 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 prices 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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