Weekly Review of Bearing Steel Market in China (Oct 13th to Oct 19th, 2012)
Resource from: CBCC Likes:244
Oct 29,2012
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 experienced slight decline in price this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 4761 yuan/ton, 2 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 4500 yuan/ton. The average price of die-casting annealed steel was 7986 yuan/ton. The market performance was no good this week. Although some steel mills still raised the ex-factory price, the market transactions turned out be far from their expectations, and traders in the southern region had the best daily shipments only about one hundred tons. The market returned to be deserted after the purchasing peak of upstream and downstream enterprises following the National Day holiday. Based on the current situation, however, the price is less likely to fall sharply, as the price of alloy materials remained relatively high, which can somewhat supports the steel price, and the ore price shows no strong downtrend. As expected, the bearing steel price is to drop slightly, and the turnover is difficult to get improved in short time.
The iron ore fine powder market experienced ups and downs in the north and south markets due to the adjustment in steel procurement pricet. The imported ore market showed the first rise and then fall trend in the "V" shape, where almost no deal was made in the first half but uptrend arose in the second half. The marine market went up towards 1,000 point as Panamax vessels got warm, but the charter transaction activity became weak near the weekend. The pig iron market ran stably temporarily with more inquiries and better market mentality. The direct reduction iron market was in vulnerable state as a whole,where the quoted prices of some varieties constantly dropped in some areas, and the downstream market demand was still poor. The whole steel billet market was in the consolidation state, and the billet prices in various regions experienced different ranges of adjustment mainly in the range of 10-100 yuan/ton. The scrap steel market was in the shock consolidation. The PCI coal market showed the upward trend on a stable basis, major PCI coal mining companies did not adjust the ex-factory prices, but the prices in some steel markets increased in the range of 10-50 yuan/ton. The anthracite market was mainly the stable operation, where the trading was not busy in busy season. The thermal coal market was in the vulnerable operation. The coking coal market experienced steady rise in price on a stable basis, and the turnover was good,and shipments on each port were relatively strong. The imported coal market remained the stale operation since last week in a good trading atmosphere. The coke market remained the upward trend, with the coke price 100 yuan/ton in some areas. The turnover was relatively good, and most the coking enterprises had already had no inventory. Ordinary alloy and special alloy products were mainly operated in the vulnerable status,wirh the prices of some varieties being stable stimulated by the macroeconomic police,and traders were lack of confidence to the market outlook.
[East China Region] This week, the prices of bearing steel in East China market slightly dropped, 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 4,200 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 4,750 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 kept stable, 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 4,750 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 4,350 yuan/ton, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was around 4,300 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot-rolled non-annealed steel was 4,400 yuan/ton.
[Central South China Region] This week, the bearing steel prices in Luoyang market were stable 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 GCr15Φ16-30 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 prices in Wuhan market were basically stable 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 slightly increased on the stable basis 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 prices in Harbin market were stable and the deal was common. Benxi Steel GCr15Φ20-75 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 remained stable 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 were also stabled. 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 GCr15Φ40-65 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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