Weekly Review of Bearing Steel Market in China (Nov 10th to Nov 16th, 2012)
Resource from: CBCC Likes:189
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 a upward trend this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 4804 yuan/ton, 33 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 4300 to 4550 yuan/ton. The average price of die-casting annealed steel was 7986 yuan/ton.The bearing steel market showed a weak rebound at the bottom. Although there was no great improvement in the market demand, the prices rose slightly due to the relative balance between supply and demand resulted from fewer spot resources. The southern market showed stronger uptrend with increase in the range of 50-100 yuan/ton, while the northern market behaved relatively weak with increase in the range of 25-50 yuan/ton. However, seen from the current market performance, the possibility of further improvement in the bearing steel market is not great. It is expected that the bearing steel price is not likely to rise in the short term, but the majority of market participants still hold a more cautious attitude to the market outlook.
This week, the ore fine iron powder market maintained steady as a whole with slight price decline in some regions. The imported iron ore market remained smooth running,and is predicted to maintain the slight fluctuation operating mode within a short time, where the supply and demand sides were both not enthusiastic, inquires and transactions were both less than normal level. The marine market BADI continued to rise for the fifth consecutive trading day,as the freight of Panamax vessels climbed, and small dry bulk transport activities provided some support. 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, where the spot trading volume remained small in all regions,and the market quotes remained unchanged. The steel billet market operated mainly oscillated in downward trend, where the prices in all regions declined in the range of 10-80 yuan/ton, the market turnover became weak, and the industry was in a wait-and-see atmosphere. The prices in scrap market ran in narrow consolidation: except some regions in Central and East China were kept in bay due to the "Winter storage" so the prices remianed stable or slightly rose,other regions were mainly in the weak consolidation status. The PCI coal market continued the stable operation, wherein, some steel mills raised prices in the range of 20-50 yuan/ton (20-40 yuan/ton in Hebei and Tangshan), and the turnover situation was good. The performance of anthracite market was improved,where the coal trading remained 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. The coking coal market experienced steady rise, and the turnover was good. The imported coal market went upward steadily with more inquiries. The coke market continued the upward trend, with the average rise up to 50 yuan/ton; the rise in individual regions of Shandong and Hebei was higher that this average level while the uptrend in Shanxi slowed down. 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 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 4,300-4350 yuan/ton; Echeng Steel GCr15Φ30-75 heat-treated non-annealed steel was 4250-4300 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 4,900 yuan/ton, less stock; Nanjing Steel Group GCr15Φ16-40 heat-treated non-annealed steel was 4,400 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 4,550 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 4,900 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 4,400 yuan/ton, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was around 4,400 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 4,350 yuan/ton; Xinyegang Steel GCr15Φ80-110 continuous casting non-annealed steel was 4,950 yuan/ton, GCr15Φ40-75 continuous casting non-annealed steel was 4,900 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 Φ90-120 continuous casting steel was 4,300-4,350 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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