Weekly Review of Bearing Steel Market in China (Jun 22nd to Jun 29th, 2012)
Resource from: CBCC Likes:3027
Jul 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 prices in bearing steel market fell this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 5732 yuan/ton, 31 yuan less per ton 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 5,250 to 5,300 yuan/ton. The performance of steel market was poor as a whole, the economy continued to decline in June, the demand in the bearing steel market was low, and the deal was light. Though the market inventory was high, the volume was less, and the entire cargo operation cycle became longer, which put more pressure on the capital side. As entering the middle of the year, many traders have got the idea of withdrawing funds, however, the transaction situation is bad, coupled with the poor mentality, they tend to be negotiable about price. It is expected that the bearing steel price will continue the downtrend next week, and the transaction is difficult to turn for the better.
The domestic ore iron powder market in North China experienced market correction this week. The imported ore market swung lower. The marine market continued the upward trend last week and slowly got warm as the capesize rates bottom out and supramax rates remained strong. The domestic pig iron market ran stably on the weak basis, where the deal was light, the inventory level in most parts was high except some areas, and the quoted price was relatively out of order. The direct reduced iron ran in the weak tendency as a whole, where the spot transactions in all regions performed poorly, the upstream traders felt anxious, the downstream steel mills had weak procurement will. The domestic steel market to a weak consolidation trend run. The scrap market was in the status of vulnerable consolidation, where the deal was light with small volume. The domestic PCI coal market was in the weak operation as a whole, where the downward trend eased to a certain degree, and the range was also narrowed, with slight decline in the coal price only occured in some areas in Hebei, Henan and Anhui province, but the transactions was still in the doldrums. The anthracite market performed stably, where the transactions was commom. The thermal coal market mainly ran in the weak tendency. The coking coal market as a whole continued vulnerable downstrend, where the turnover was in the doldrums. The overall imported coal market was in weak tendency, where the transactions was commom. The coke market continued downtrend. The common alloy and special alloy markets was mainly in the vulnerable consolidation status, where the prices of some products dropped. The special alloys market went down as a whole, where the prices of some products experienced vulnerable consolidation.
[East China Region] This week, the price of bearing steel 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 5300 yuan/ton; Echeng Steel GCr15Φ30-75 heat-treated non-annealed steel was 5,250 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 5,650 yuan/ton, less stock; Nanjing Steel Group GCr15Φ16-40 heat-treated non-annealed steel was 5,300 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 5,350 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 6,050 yuan/ton; Beiman Steel GCr15Φ40-75 heat-treated annealed steel was 6,100 yuan/ton; Wuxi Huarun Steel GCr15Φ50-80 hot-rolled non-annealed steel was 5,300 yuan/ton, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was around 5,300 to 5,350 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot-rolled non-annealed steel was 5,350 to 5,400 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 6,200 yuan/ton and GCr15Φ24-50 continuous casting non-annealed steel was 5,450 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 6,200 yuan/ton, out of stock, and the die-casting non-annealed steel was 5,350 to 5,400 yuan/ton; Xining Steel GCr15Φ25-70 continuous casting non-annealed steal was 5,400 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 fell and the deal was common. Up to this weekend, Dongbei Special Steel GCr15Φ25-60 continuous casting non-annealed steel was 5,400 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 5,250 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 price 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 6,950 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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