Weekly Review of Bearing Steel Market in China (Nov 24th to Nov 30th, 2012)
Resource from: CBCC Likes:248
Dec 17,2012
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 prices in bearing steel market remained stable this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 4810 yuan/ton, 4 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 remained basically stable, where the price in northern market rose slightly, and the quoted price in southern market appeared weak on a stable basis. Although some steel mills raised the?? bearing steel prices, other steel mills still held the negative attitude to the market outlook. Traders were also not optimistic to the market outlook. The overall performance of the bearing steel market was poor, and the spot resources were not sufficient, so market participants mainly held a wait-and-see attitude. As expected, the bearing steel market is to operate in a vulnerable consolidation state next week,with smaller price fluctuations.
This week, the turnover in ore fine iron powder market turned weak under the influence of downtrend in the fringe market, and the price in the mainstream area slightly decreased. The imported ore operated in a descending trend, where the price of futures dropped relatively obviously; steel mills showed enthusiasm for procurement, so the deal was relatively good, and the resource supply was relatively tight. The nickel ore market remained basically stable, with no fluctuations in price, but the deal was light. The price in marine market increased slowly, and the futures market also slowed down. It learned that the marine market in the two major oceans were both under pressure, and traders were eager to sell. The pig iron market remained stable in most regions, the stock level of some enterprises individual areas rose slightly, and more discount were given. The direct reduced iron market operated in weak state, the trading volume of spot goods was still less, and the volume of hot iron import was greatly reduced in October. The steel billet market was also in the weak operation; the prices in domestic major areas all decreased in different range (except Yunnan), wherein, 130 yuan/ton decreased in jiangsu, as the biggest drop in this week. The scrap steel market experienced overall decline in price, mainly in the range of 20-120 yuan/ton. The price of scrap steel dropped under the pressure of continuous falling of steel materials, the market participants felt frustrated, and the overall turnover turned weak. The PCI coal market showed all round rise in the range of 50-70 yuan/ton in main producing areas, and the turnover was good. The anthracite market remained stable, where sales of coal enterprises in all regions was good, and the stock was less. The overall thermal coal market operated on a stable basis, and the price may slightly fall down later. The coking coal market showed signs of stabilization, and the turnover is acceptable. The imported coal market remained stable, and the turnover is acceptable. The upward trend in coke market was slowing down. The ordinary alloy market and special alloy market experienced ups and downs in 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 4,300-4350 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 4,900-5,000 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 4,500-4,550 yuan/ton; Shougang Group GCr15Φ50 hot-rolled non-annealed steel was out of stock. This week, the bearing steel prices in Wuxi market were also 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 5,000 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 slightly increased 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 4,350-4,400 yuan/ton, Benxi Steel GCr15Φ150-180 die-casting annealed steel was 6,600-6,650 yuan/ton. This week, the bearing steel prices in Harbin market remained 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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