Weekly Review of Bearing Steel Market in China (Sep 1st to Sep 7th, 2012)
Resource from: CBCC Likes:223
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 4857 yuan/ton, 211 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 4200 to 4450 yuan/ton. The average price of die-casting annealed steel was 7986 yuan/ton, and the deal was light. The downward pressure on the market was great in the first half of the week, however, the maket gradually stabilized as futures and stock index rose sharply on Friday. Many optimists even thought that the decline had come to an end, and the rebound was to come. But most market participants believed that the short-term rebound might be difficult to sustain, and the sign of blooming out was too weak to usher in a market reversal. It is expected that the bearing steel market is to run in the weak consolidation status with interval fluctuations and the market shall look for new fluctuation opportunities.
The price in iron ore fine powder market further declined this week, wherein the drop range in some areas expanded. The depreciation tendency in the import iron ore market slowed down, and the demand was picking up moderately. The marine market slowly went down, and the contradiction between supply and demand caused by the continued slowdown in demand for imports of raw materials and successive delivery of new vessels pushed the market at or near historic lows. The pig iron market continued the weak trend, and the turnover was still bleak. The direct reduction iron market ran in the vulnerable state as a whole with no fluctuations in the spot price in all regions, and the downstream market demand was poor. The steel billet market experienced bigger rise and fall of price, and all regions witnessed significant adjustments in steel billet price. The price in steel billet market fell sharply. The PCI coal market continued the downward trend, and the deal was light. Suppressed by steel mills, major miners began to cut the ex-factory price of coals in the range of 10-105 yuan/ton. The anthracite overall market ran in the weak situation as a whole, and the deal was commom. The thermal coal market was mainly in the vulnerable state. The price of coking coal continued the depreciation tendency with smaller range compared with the earlier period, and the price of high-quality coking coal tended to stabilize at a low level due to the production restriction and halt in some small and medium-sized mine in main producing areas. The imported coal market remained weak, where the decline in the prices of low-quality coal further expanded. The price in coke market continued to fall, but the adjustment range slightly narrowed compared with the previous few months, mainly in the range of 50-100 yuan/ton. The market turnover was still weak, and steel mills mainly showed cautious attitude to procurement. Most varieties in the ordinary alloy and special alloy markets remained the vulnerable operation while some experienced sharp decline in price, 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 4,200 yuan/ton; Echeng Steel GCr15Φ30-75 heat-treated non-annealed steel was 4200 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 4,700 yuan/ton, less stock; Nanjing Steel Group GCr15Φ16-40 heat-treated non-annealed steel was 4,300 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 4,450 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 4,700 yuan/ton, out of stock; Xinyegang Steel GCr15Φ30-50 continuous casting annealed steel was 5,300 yuan/ton; Beiman Steel GCr15Φ40-75 heat-treated annealed steel was 5,350 yuan/ton; Wuxi Huarun Steel GCr15Φ50-80 hot-rolled non-annealed steel was 4,450 yuan/ton, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was around 4,350 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot-rolled non-annealed steel was 4,500 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 5,700 yuan/ton and the GCr15Φ24-50 continuous casting non-annealed steel was 4,850 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 5,600 yuan/ton, out of stock, and the die-casting non-annealed steel was 4,950 yuan/ton; Xining Steel GCr15Φ25-70 continuous casting non-annealed steal was 4,850 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 sharply declined and the deal was common. Up to this weekend, Dongbei Special Steel GCr15Φ25-60 continuous casting non-annealed steel was 4,500 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 4,100 yuan/ton, Benxi Steel GCr15Φ150-180 die-casting annealed steel was 6,600 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 6,500 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 4,600 yuan/ton.
[Southwest China Region] This week, the bearing steel price in Chengdu market dropped and the market resources were not sufficient. Up to this weekend, Xinyegang Steel GCr15Φ50 continuous casting non-annealed steel was 5400 yuan/ton, Changcheng Steel GCr15Φ80-130 continuous casting annealed steel was 6,850 yuan/ton; Xining Steel Φ150-200 die-casting annealed steel was 7,700 yuan/ton, out of stock; Xining Steel GCr15Φ30-75 continuous casting annealed steel was 6,400 yuan/ton, less stock. This week, the bearing steel prices in Chongqing market also dropped. Donghua Special Steel GCr15Φ20-30 heat-treated annealed steel was out of stock; Xining Steel Φ80-120 rolled annealed steel was 6,500 yuan/ton, out of stock; Changcheng Steel GCr15Φ30-65 continuous casting non-annealed steel was 5,350 yuan/ton; Xining Steel Φ80-150 forged annealed steel was 7,500 yuan/ton, less stock.
(CBCC)
【CBCC News Statement】
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.
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.
Previous Zero-Max Load Adaptors Connect Pump Impellers in Underwater Applications
Next Aug 17 Bearing Steel Price in Different Regions of China
Next Aug 17 Bearing Steel Price in Different Regions of China
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
