Weekly Review of Bearing Steel Market in China (Dec 15th to Dec 21st, 2012)
Resource from: CBCC Likes:232
Jan 09,2013
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 4841 yuan/ton, 31 increased 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. Recently, the macroeconomic situation was improved, the price trend of thread futures was strong, the rate of increase was obvious, and the pull-up strength of building materials to the market was beyond expection. This trend stimulated the mentality of bearing steel traders. Although the actual transaction price in bearing steel market showed little change, the offer price clearly rose. At the end of the year, the domestic needs was in the down trend, and downstream corporates showed less procurement willings. Fortunately, traders did not have large stocks due to previous pessimistic expection, coupled with recent signs of improvements in shipping conditions, stockout may be a major driving force of the current bullish. As expected in next week, the bearing steel market is to operate in vulnerable consolidation state with smaller fluctuations in price.
The domestic ore fine iron powder market slightly rose on stable basis, and all regions experienced pull-ups in different degree. The price in the imported ore market firstly rose and then stablized, with the transaction in the first strong and then weak situation. The nickel ore market was in the stable operation, where the offers of high nickel ore resources increased, and the futures remained sufficient. There was a decline in the market activity compared with last week, but no difference in the contract situation. The price remained unsatisfactory. The marine market continued the down trend, the Capesize shipping was still under pressure, futures gradually turned weak, and the freight was still in the doldrums. The pig iron market experienced both slight fall and rise in price on a stable basis, but the transaction situation was not very satisfactory. The direct reduced iron market was still in the down trend, where the spot trading volume was essentially flat compared with last week, and the inventory level slightly dropped in some areas. The steel billet market went up in shocks, the prices in all regions experienced slight increase mainly in the range of 20-100 yuan, and the turnover was acceptable. The domestic scrap steel market experienced the first rise and then stable trend, and the rebound in the downstream market was relatively obvious, which contributed to the slight increase in the price of scrap steel. This increase was mainly in the range of 20-70 yuan/ton, however, the prices in the southwest and northwest regions remained stable. Domestic PCI coal market is the steady rise in the situation, a good turnover. The anthracite market remained stable, and the deal was relatively good. The thermal coal market was steady as a whole. The coking coal market ran smoothly. Most steel mills in all parts raised the procurement price, while dull sale appeared in some parts as the coal quality changed. The imported coal market remained stable, and the turnover was acceptable. The coke market was in the upward trend on a stable basis, wherein, the prices of special-grade, first-grade and pseudo-first-grade metallurgical coke all increasesd in some parts of Shanxi Province. The carbon-lan market was basically stable, and the same with the price thereof. The ordinary alloy market was mainly in the upward trend, while the special alloy market showed both rise and fall trends.
[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 4,400-4,450 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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