Weekly Review of Bearing Steel Market in China (Oct 27th to Nov 2nd, 2012)
Resource from: CBCC Likes:215
Nov 16,2012
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 operated in weak consolidation this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 4764 yuan/ton, 4 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 4450 yuan/ton. The average price of die-casting annealed steel was 7986 yuan/ton. The bearing steel market performed normally this week: the market spot resources were not adequate, the downstream demand was ordinary, the shipping was relatively stable, the inventory level was relatively low. As the weather in northern regions turned cold, the demand declined in local markets, and steel mills had the intention to transfer goods to southern regions, which might posed some pressure to the south market. The overall economic environment this year is actually very bad compared with previous years, and large steel mills and traders have experienced great losses. Although the situation somewhat improved in the third quarter, the annual report risk view will be a major motivating factors for decline in the afternoon market. It is expected that the bearing steel market is to operate in weak consolidation next week, and the deal is difficult to get improved.
This week, the ore fine iron powder market maintained steady as a whole with slight price increase in individual regions. In the imported ore market, the spot goods and futures performed totally different: the price of spot goods slightly rose while the price of futures slightly fell. Individual businesses pulled up the price near the weekend, but the overall turnover turned out to be ordinary. The marine market went downs in the weak tendency, wherein, the BDI index went back to 1000 point and showed the further downward trend, Panamax and Handymax were still in the downturn trend due to the slowdown in capesize activity. The pig iron market showed rising trend in some areas with almost no stock,and the turnover situation was improved. The direct reduction iron market operated in weak trend as a whole, and the regional market performed basically the same with last week; the quoted prices fell in some areas, but remained unchanged in most markets. The steel billet market operated mainly in the stable state, but fluctuations in price occurred later in some areas. The prices in the scrap steel market slightly rose on a stable basis: the market resources appeared relatively tight as traders hesitated to sell with the "wait and see" attitude; the price of scrap steel failed to rise as the prices if billet and steel remianed stable; the turnover situation was temporarily ordinary. The PCI coal market experienced all round rise in the range of 20-70 yuan/ton, and the turnover situation was good. The anthracite market slightly improved: various regions or coal mines were in the inventory shortage situation, but the anthracite price remained stable as a whole; the price may go up later based on the current improving situation. The overall performance of the thermal coal market was common, the coal prices remained steady as a whole, and the turnover was relatively good. The coking coal market experienced steady rise in peice, and the turnover was good. The imported coal market went upward steadily. The coke market continued upward trend, with the increase ranging from 30 to 100; the overall turnover was in good condition, and the coke enterprises kept their inventory at low level. The ordinary alloy market and special alloy market showed different trend.
[East China Region] This week, the prices of bearing steel in East China market remained stable, and the 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 remained 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 temporarily 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 dropped 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 4,250 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 stable. 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)
【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.
