Weekly Review of Bearing Steel Market in China (Jun 16th to Jun 21st, 2012)
Resource from: CBCC Likes:3024
Jun 27,2012
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 slightly declined this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 5763 yuan/ton, 7 yuan/ton fell compared with previous week, and the prevailing quotations for continuous casting non-annealed steel from the second ranking steel plants in South China was from 5,300 to 5,400 yuan/ton. The shipments in domestic bearing market remained in the doldrums, under the influence of which the price of bearing steels slowly went down feeling like without end. Although the quoted prices did not fell down dramatically, many traders offered bigger negotiable space for knockdown prices motivated by the desire for more shipments. However, the procurement desires of the downstream customers were still hard to be arouse by the lower prices. The bearing steel market is now in a more difficult period, and the rainy season in the South China is on its way which means that the off-peak season of the steel market is just around the corner, so the market participants have dimmer view of the market outlook. What's worse, the unfavorable shipments also contributed to the pressure of the market inventory, which have had no small influence on the funds. The bearing steel price is expected to experience vulnerable dropping and the transaction performance is difficult to improve.
This week, the domestic ore iron powder market in North China was still in the upward trend, while the prices remained strong in Tangshan area due to the lack of powder resources and higher costs of processing by fine selecting plants, and steel mills had no other choice but accepted the current passive situation. The imported ore market maintained the first rise and then fall operation situation. The marine market experienced steady rise in price driven by the supramax shipments, the market sentiment somewhat recovered, each ship type all experienced price rise, and the current BDI closed at 972 points, 70 points rose compared with the same period last week with the increase rate of 7.76 %. The domestic pig iron market ran stably in substance, the deal was light, the inventory level in most parts were high, and the quoted prices were relatively unstable. The direct reduction iron market ran in the vulnerable status as a whole with the steel procurement prices further reduced in some areas, and the demand in the downstream market was kind of poor. The domestic steel market was in the slight vulnerable stabilization period, the prices of steel billet rebounded slightly in most parts, with little improvement in the turnover. The domestic scrap market stabilized in the weak tendency: the prices in East China gradually stabilized from dropping while the market resources were tight and the turnover was light; the prices in northern areas such as Tangshan continued slight rebound due to the slight pulling-up of steel billet, with the price ranging from 20 to 30 yuan/ton, but the market transactions were still weak, and trades had less confidence in the market outlook, which relected a depressed market. The downlink performance of domestic PCI coal market was comparatively prominent, where the coal prices were universally 10 to 120 yuan/ton lower, and the deal was poor. The anthracite coal market operated in the weak tendency, where the downstream volume was light. The thermal coal market players was in the vulnerable operation. The prices in the coking coal market continued to fall, the transaction situation was as poor as before, and the market mentality was not good. The imported coal market ran in the weak situation, where though the downward trend of price continued to increase, the procurement desire in the downstream was low, so the adjusted prices were still higher than expected, the overall turnover was not optimistic, and the shipment was slow. The prices in the coke market kept falling, and less steel mills chose to reduce the purchase price of coke. The common alloy and special alloy markets are both in the vulnerable operation, where the prices stabilized as a whole with only some varieties slightly declined.
[East China Region] This week, the prices of some bearing steel products 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 5,300 to 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 5,700 to 5,750 yuan/ton, less stock; Nanjing Steel Group GCr15Φ16-40 heat-treated non-annealed steel was 5,350 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 5,400 yuan/ton; Shougang Group GCr15Φ50 hot-rolled non-annealed steel was out of stock. This week, the bearing steel price in Wuxi market slightly declined, 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 5,350 yuan/ton, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was around 5,350 to 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 price fell in Luoyang market 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 6,400 yuan/ton and GCr15Φ24-50 continuous casting non-annealed steel was 5,550 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 6,400 yuan/ton, out of stock, and the die-casting non-annealed steel was 5,450 to 5,500 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 temporarily stable 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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