Weekly Review of Bearing Steel Market in China (Nov 3rd to Nov 9th, 2012)
Resource from: CBCC Likes:177
Nov 26,2012
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, wherein, the prices in southern market slightly rose. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 4771 yuan/ton, 7 yuan up 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 4500 yuan/ton. The average price of die-casting annealed steel was 7986 yuan/ton. The performance of the bearing steel market was normal this week, where the spot resources were not sufficient, the downstream demand was generally more stable, the shipment was stable, and the traders's on-hand inventory levels were relatively low. Such market performance was infact good for traders this year, so the prices in south area were slightly increased, and the businesses operation can be described as very cautious. Due to the cold weather factors in northern region, the overall market demand will be decreased. The bearing steel market is expected to operate in weak consolidation, and the trading performance is difficult to improve.
This week, the main large mines in the ore fine iron powder market adjusted the factory price, and the traders still held the "wait and see" attitude. The prices of import iron ore rose slightly, the futures price was pushed up and the spot goods followed the rise trend. The marine market was in downturns with the freight of all ship forms decreased. The price in pig iron market slight increased on a stable basis, where the resources were tight with less stock or even no stock in some regions, and the deal was good in some regions. The direct reduction iron market operated in weak trend as a whole, where the spot trading volume remained small in all regions,and the market quotes remained unchanged. The steel billet market mainly oscillated in the downward trend. The scrap steel market was mainly in the stable state: some steel mills received less goods and cut the price slightly ddue to the season reason; manufacturers in East and Central parts remained the normal receipt with no significant signs of "Winter storage", but the price was strong affected by the tight resources; other regions were mainly in the narrow range of shocks. The PCI coal market ran smoothly as a whole, wherein, the prices in some regions increased in the range of 30-50 yuan/ton, and the turnover situation was good. The performance of anthracite market was improved,where the coal trading became active in many regions, so the stock level was low. The overall performance of the thermal coal market was common, the coal prices remained steady as a whole, and the turnover was relatively good. Affected by the opening of the 18th CPC National Congress and shut down of coal mines, the coke prices in the downstream kept growing, and the market transactions were active. The uptrend in the coke market is to be continued in the short term. The imported coal market remained stable as a whole, wherein,the metallurgical coal market was in the uptrend, and the thermal coal market appeared relatively weak. The coke market continued upward trend, with average rise ranging from 50 to 100. The ordinary alloy market and special alloy market experiences ups and downs in different trend.
[East China Region] This week, the prices of bearing steel in East China market went up, and the deal was common. Up to this weekend, the quotations in Hangzhou market are as follows: Xinye GCr15Φ50-70 non-annealed steel was 4,250 yuan/ton; Echeng Steel GCr15Φ30-75 heat-treated non-annealed steel was 4150-4200 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 4,800 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 4,400 yuan/ton; Shougang Group GCr15Φ50 hot-rolled non-annealed steel was out of stock. This week, the bearing steel prices in Wuxi market also increased, 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 5,200 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 4,350 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot-rolled non-annealed steel was 4,450 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 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 4,250 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 also 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)
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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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