Weekly Review of Bearing Steel Market in China (Jul 14th to Jul 20th, 2012)
Resource from: CBCC Likes:3017
Jul 24,2012
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 price sharply dropped this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 5529 yuan/ton, 82 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 4900 to 5050 yuan/ton. The bearing steel market underwent an accelerated decline in price this week, and in the Southern market, the price almost dropped 30 to 50 yuan/ton every day in a week, cumulatively falling 200 yuan/ton around. Market traders showed poor mentality, and steel mills had also experienced mind-swaying and even got the idea to support the market price. Not only bearing steel products experienced this sharp price decline, but most of the optimal special steel products also sufferred obvious price drop, accompanied by the small trading volume and few shipment release. After this fell, the market price stays at a lower level, but downside risks remain. The bearing steel price is expected to fall next week and the deal light.
This week, the domestic ore iron powder market was in the strong atmosphere of price falling. The imported ore market experienced bigger range of price drop, and the market participants showed poor state of mind, both resulting in low market vitality and small trading volume. The marine market went down as a whole due to the influence of the contradiction between the slow-down of global economic recovery and the oversupply of transportation capacity. The price in domestic pig iron market continued keep on falling slightly, where the transaction situation appeared difficult to improve, and the manufacturers mainly had bigger stocks. The direct reduction iron market was in the vulnerable operation as a whole, where the spot transaction situation of all varieties was normal, the downstream fund was tight according to the major manufacturers in all areas, and the demand was small. The downward trend was accelerated in the domestic steel market, where the prices in most areas somewhat dropped, ranging from 50 to 160 yuan/ton, and the deal was light. The scrap steel market was in the downward trend, wherein, the drop range in the east, south and central China was larger, around 30 to 160 yuan/ton. The domestic PCI coal market showed the weak performance in the downward trend, where the coal price kept falling with different adjustment range, and the deal was light. The anthracite market was in weak tendency as a whole, where the coal price was temporarily stable, and the deal was commom. The coking coal market constantly went down as a whole, and the deal was commom. As the coking coal market continued the deep slump, the procurement price of coking coal was further pushed down by the downstream buyers, so the market traders felt confused and held negative view to the market outlook. The imported coal market continued the weak tendency, where the range of price drop of some varieties slightly expanded. The coke market continued the downtrend, where the range of price drop slightly expanded. The semi coke ran in the vulnerable trend, where the downstream demand was low, and the deal was light. The commom alloy market mainly operated in the vulnerable consolidation trend. The whole special alloy market experienced slight price drop with some varieties in the state of vulnerable consolidation.
[East China Region] This week, the price of bearing steel in East China market went down dramatically, 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 4,950 yuan/ton; Echeng Steel GCr15Φ30-75 heat-treated non-annealed steel was 4850 to 4900 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 5,200 yuan/ton, less stock; Nanjing Steel Group GCr15Φ16-40 heat-treated non-annealed steel was 4,900 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 5,000 to 5050 yuan/ton; Shougang Group GCr15Φ50 hot-rolled non-annealed steel was out of stock. This week, the bearing steel price in Wuxi market also dropped, 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 5,300 yuan/ton, out of stock; Xinyegang Steel GCr15Φ30-50 continuous casting annealed steel was 5,850 yuan/ton; Beiman Steel GCr15Φ40-75 heat-treated annealed steel was 5,900 yuan/ton; Wuxi Huarun Steel GCr15Φ50-80 hot-rolled non-annealed steel was 5,000 yuan/ton, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was around 4,950 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot-rolled non-annealed steel was 5050 to 5100yuan/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 6,100 yuan/ton and GCr15Φ24-50 continuous casting non-annealed steel was 5,300 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 6,000 yuan/ton, out of stock, and the die-casting non-annealed steel was 5,200 yuan/ton; Xining Steel GCr15Φ25-70 continuous casting non-annealed steal was 5,250 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 5,300 yuan/ton; Xinyegang Steel GCr15Φ80-110 continuous casting non-annealed steel was 5,900 yuan/ton, GCr15Φ40-75 continuous casting non-annealed steel was 5,850 yuan/ton, and the die-casting annealed steel was 7,600 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 5,150 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 4,950 yuan/ton, Benxi Steel GCr15Φ150-180 die-casting annealed steel was 7,200 yuan/ton. This week, the bearing steel price in Harbin market dropped and the deal was common. Benxi Steel GCr15Φ50-75 heat-treated annealed steel was 6,800 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 5,500 yuan/ton.
[Southwest China Region] This week, the bearing steel price in Chengdu market slightly dropped and the market resources were not sufficient. Up to this weekend, Xinyegang Steel GCr15Φ50 continuous casting non-annealed steel was 6050 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 went down in the weaktrend. 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 6,000 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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