Weekly Review of Bearing Steel Market in China (Aug 18th to Aug 24th, 2012)
Resource from: CBCC Likes:228
Sep 10,2012
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 further dropped this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 5132 yuan/ton, 64 yuan down 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 4300 to 4550 yuan/ton. The average price of die-casting annealed steel was 8021 yuan/ton, and the deal was light. Some steel mills cut the ex-factory price of bearing steel, which had no small impact on the market, wherein, Benxi Steel cut down 350 yuan/ton, a sharp decline but in the market expected range. The bearing steel market showed poor performance as a whole, where the deal was light, and the shipment was less. Traders generally held the pessimistic view of the market outlook, and the psychological barrier is likely to be breached as the prices of threaded futures and foreign iron ores were at their lowest level in years pointing to the low level in 2008. Throughout the whole steel market, there was no signs of improvement, and the performance of the bearing steel market was also less than satisfactory. It is expected that the price in the bearing steel market will continue the downtrend next week, and is difficult to get improved.
This week, the transaction prices in domestic ore fine iron powder market kept falling under the pressure of the downward trend in the the peripheral market, and all parties involved held the pessimistic attitude to the market outlook. The price of imported ore fell all the way down with no sign of rebound. The price in the marine market rose after restrain, with BDI closed at 715 points, indicating a slight decrease of 0.69% over the same period last week. The pig iron market remained weak, and the deal was light. The direct reduction iron spot market operated in the vulnerable state, wherein, the transaction prices in all regions took the weak trend but remained stable, the steel procurement price in Baotou area was reduced. The steel billet market continued the downward trend, where the decline in most regions surpassed 100yuan/ton (the decline in several regions even reached up to 150 yuan/ton and above), and insiders just stared dumbfounded at this sight. The price in scrap market slightly dropped on a stable basis, wherein the price drop was mainly in the range of 20-50 yuan/ton, and the deal was light. The PCI coal market continued the downward, and the deal was light. The anthracite market ran stably as a whole, and the deal was common. The thermal coal market operated in the vulnerable state. The price of coking coal in some areas still showed the downward trend, but the regions attacked by price drop became fewer compared with last week. The imported coal market was in the vulnerable operation, and the deal was light as a whole. The coke market was still weak, where the majority of coking enterprises were forced to continuously cut down the ex-factory price in order to ensure the shipment and reduce the inventory. The ordinary alloy and special alloy markets both remained the vulnerable operation, and traders were lack of market confidence.
[East China Region] This week, the price of bearing steel in East China market further declined, 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 4,300 yuan/ton; Echeng Steel GCr15Φ30-75 heat-treated non-annealed steel was 4250 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 4,800 yuan/ton, less stock; Nanjing Steel Group GCr15Φ16-40 heat-treated non-annealed steel was 4,400 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 4,550 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 4,800 yuan/ton, out of stock; Xinyegang Steel GCr15Φ30-50 continuous casting annealed steel was 5,450 yuan/ton; Beiman Steel GCr15Φ40-75 heat-treated annealed steel was 5,500 yuan/ton; Wuxi Huarun Steel GCr15Φ50-80 hot-rolled non-annealed steel was 4,550 yuan/ton, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was around 4,450 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot-rolled non-annealed steel was 4,600 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 5,600 yuan/ton and the GCr15Φ24-50 continuous casting non-annealed steel was 4,800 yuan/ton; Xinyegang Steel GCr15Φ50-130 die-casting non-annealed steel was 7,600 yuan/ton, out of stock; Changcheng Special Steel GCr15Φ45 continuous casting annealed steel was 5,500 yuan/ton, out of stock, and the die-casting non-annealed steel was 4,700 yuan/ton; Xining Steel GCr15Φ25-70 continuous casting non-annealed steal was 4,800 yuan/ton. This week, the bearing steel price in Wuhan market went down and the deal was common. Echeng Steel GCr15Φ14-30 continuous casting non-annealed steel was 4,950 yuan/ton; Xinyegang Steel GCr15Φ80-110 continuous casting non-annealed steel was 5,600 yuan/ton, GCr15Φ40-75 continuous casting non-annealed steel was 5,550 yuan/ton, and the die-casting annealed steel was 7,400 yuan/ton.
[North China Region] This week, the bearing steel price in Shenyang market was temporarily stable and the deal was common. Up to this weekend, Dongbei Special Steel GCr15Φ25-60 continuous casting non-annealed steel was 4,700 yuan/ton, out of stock; Dongbei Special Steel GCr15Φ25-40 continuous casting annealed steel was 5,800 yuan/ton; Benxi Steel Φ70-130 continuous casting steel was 4,500 yuan/ton, Benxi Steel GCr15Φ150-180 die-casting annealed steel was 7,000 yuan/ton. This week, the bearing steel price in Harbin market was temporarily stable and the deal was common. Benxi Steel GCr15Φ50-75 heat-treated annealed steel was 6,600 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 5,100 yuan/ton.
[Southwest China Region] This week, the bearing steel price in Chengdu market kept stable and the market resources were not sufficient. Up to this weekend, Xinyegang Steel GCr15Φ50 continuous casting non-annealed steel was 5750 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 also slightly dropped. 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 5,700 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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