Weekly Review of Bearing Steel Market in China (Jun 2nd to Jun 8th, 2012)
Resource from: CBCC Likes:3034
Jun 12,2012
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 5770 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. When everyone lost confidence in the market outlook, the market surprised all by bring some good news this week. There were obvious increases in the demand of buying futures and deformed steel bar futures, and the interest-reduction policy issued ahead of schedule further boosted the confidence of the market participants. Although the market shipment level is still at a relatively poor level, but the improvement in the market mentality will have a certain driving effect to the trend of the future market. For now, traders have higher stocks, and steel mills deliver goods in a more positive way, so it is expected that the weak tendency is hard to change in the short term, and the bearing steel market will go weak on a stable basis, with less possibility of substantive improvement in the demand.
This week, the domestic iron concentrate powder market in North China experienced rise in price while the price fell in the south market. The imported ore market remained the "first weak and then stable" operation trend. The marine market continued the downtrend, where the turnover was bleak. The pig iron market ran downwards in the weak tendency, the deal was light, the stock continued to rise, and the quoted price was relatively out of order. The direct reduction iron market as a whole still ran in the downstream channel, the spot prices fell sharply in all areas, and the procurement situation in the downstream market was still poor. The billet steel market suffered big rise and fall, and the prices were adjusted in most of the country. The scrap steel markets in most areas had stopped the downtrend as a whole, but the deal was still not good. The PCI coal market ran downwards in the weak tendency as a whole, the deal was light, with the price of coal down to 15-100 yuan/ton. The coking coal market continued to fall, and there was no improvement in the transaction situation. The imported coal market was in the sluggish market trend, where the quoted prices continued to fall. The coke market remained the downtrend, with the ranges of price drop and affected areas both expanding. The common alloy market mainly ran downwards in the weak consolidation status. The prices were mixed in the special alloy market. The common alloy market: the ferrosilicon market was in a slight falling trend, where the demand was not good enough.
[East China Region] This week, the bearing steel price in East China market slightly decreased, and the market deal was common. 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 to 5,450 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 5,400 to 5,450 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 5,450 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 as a 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 price 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 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 5,350 to 5,400 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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