Weekly Review of Bearing Steel Market in China (Sep 22nd to Sep 29th, 2012)
Resource from: CBCC Likes:205
Oct 12,2012
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 market went down in shock consolidation this week, and the prices in individual regions rebounded slightly. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 4752 yuan/ton, 55 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 4150 to 4350 yuan/ton. The average price of die-casting annealed steel was 7986 yuan/ton. This week, the bearing steel market was in the fragile consolidation, where the spot resources were insufficient, and the deal was light. However, driven by the uptrend in the overall steel city, the prices did not show obvious decline, vice versa, some traders even pulled up the quoted prices and waited for the market reaction. The bearing steel market is anticipated to remain stable for some time after the National Day Holiday, but there is still downside risk if no favorable macropolicy launched.
The prices in iron ore fine market remained stable as a whole, only some areas experienced slight increase in price due to the small amount of replenishment by steel mills. The quoted prices in the imported ore market were in an overall downward trend, where there were less inquiries and offers, and the trading volume took all way down. Foreign ore mines raised the prices, and mining companies showed better anticipation to the outlook. The marine market experienced the first rise and then fall trend, and operated in the slight downward trend. The pig iron market ran stably temporarily, where the deal was light, and the demand remained weak. The direct reduction iron spot market operated in the vulnerable state as a whole, where the spot transactions in all regins were poor with no fluctuations in the mainstream market. All steel billet markets nationwide were mainly in the consolidation state, where the prices rises and falls alternatively. However, as the increase was greater than the decrease, the prices somewhat went up compared with last week. The steel and billet market mainly operated in the fragile consolidation. The scrap steel market remained stable in the weak trend, and the deal was common. The PCI coal market was in the downtrend as a whole, wherein, the coal price rose 30-50 yuan/ton in Yunnan due to the short supply, but the prices in other areas were mainly in the downtrend. 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 in the coking coal market rises and falls alternatively, and the market turnover was significantly better. The price in the imported coal market stop dropping and gradually stabilized, and the price in the PCI coal market even went up $3-5. Affected by the replenishment in the National Day Holiday, the spot volume on port increased. The price in the coke market rises and falls alternatively. Most varieties in the ordinary alloy and special alloy markets remained the vulnerable operation, and traders were lack of market confidence.
[East China Region] This week, the prices of bearing steel in East China market slightly decreased, and the market deal was commom. Up to this weekend, the quotations in Hangzhou market are as follows: Xinye GCr15Φ50-70 non-annealed steel was 4,150- 4,200 yuan/ton; Echeng Steel GCr15Φ30-75 heat-treated non-annealed steel was 4150 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 4,250 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 4,350 yuan/ton; Shougang Group GCr15Φ50 hot-rolled non-annealed steel was out of stock. This week, the bearing steel prices 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 5,200 yuan/ton; Beiman Steel GCr15Φ40-75 heat-treated annealed steel was 5,250 yuan/ton; Wuxi Huarun Steel GCr15Φ50-80 hot-rolled non-annealed steel was 4,300 yuan/ton, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was around 4,250 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot-rolled non-annealed steel was 4,350 yuan/ton.
[Central South China Region] This week, the bearing steel prices in Luoyang market slightly decreased 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 5,350 yuan/ton and the GCr15Φ24-50 continuous casting non-annealed steel was 4,500 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 5,250 yuan/ton, out of stock, and the die-casting non-annealed steel was 4,350 yuan/ton; Xining Steel GCr15Φ25-70 continuous casting non-annealed steal was 4,500 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 4,300 yuan/ton; Xinyegang Steel GCr15Φ80-110 continuous casting non-annealed steel was 4,090 yuan/ton, GCr15Φ40-75 continuous casting non-annealed steel was 4,850 yuan/ton, and the die-casting annealed steel was 7,300 yuan/ton.
[North China Region] This week, the bearing steel prices in Shenyang market remained stable and the market transaction was relatively good. Up to this weekend, Dongbei Special Steel GCr15Φ25-60 continuous casting non-annealed steel was 4,500 yuan/ton, out of stock; Benxi Steel Φ70-130 continuous casting steel was 4,200 yuan/ton, Benxi Steel GCr15Φ150-180 die-casting annealed steel was 6,600 yuan/ton. This week, the bearing steel price in Harbin market was basically stable 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 4,550 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 5050 yuan/ton, Changcheng Steel GCr15Φ80-130 continuous casting annealed steel was 6,350 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 6,300 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 6,300 yuan/ton, out of stock; Changcheng Steel GCr15Φ30-65 continuous casting non-annealed steel was 5,100 yuan/ton; Xining Steel Φ80-150 forged annealed steel was 7,500 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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