Weekly Review of Bearing Steel Market in China (Dec 22nd to Dec 28th, 2012)
Resource from: CBCC Likes:237
Jan 14,2013
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 4855 yuan/ton, 14 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 4400 to 4650 yuan/ton. The average price of die-casting annealed steel was 7986 yuan/ton. The performance of bearing steel market was recently stable, so the market mentality was slightly improved, and many traders had more confidence in the market outlook. Based on the current market performance, the price is more likely to rise in January. The recent macroeconomic situation has improved, the price trend of leading products such as building materials is relatively satisfactory, and the same of ore and other raw materials is expected to be more optimistic. Under the influence of this uptrend, the market quotations in bearing steel market obviously improved, and the overall market stock was less than normal, which contributed to the balance between supply and demand. The bearing steel market is expected to operate in steady consolidation, with some uplink space.
The domestic ore fine iron powder market continued the up trend arose in last week. Traders expected the price to rise, so they purchased actively for stock. Mining companies were reluctant to sell, while steel mills raised the procument prices and rushed buying resources. The imported ore market continued the uptrend, and the trading volume gradualy fell. 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. Affected by the Christmas time, the deal was light in the overall marine market, and the transactions in Pacific region slowed down as both the supply and demand sides held the wait and see attitude near the end of the year. The prices in pig iron market slightly rose on a stable basis, and the transaction situation was improved in some parts. The direct reduced iron market remained the normal operation, where the offer prices in some parts rose slightly, and the downstream demand also got warm. The billet steel market went up in shocks, where the prices in the various regions rose, mainly in the range of 30-100 yuan/ton, and the deal was normal. The scrap steel market continued to rebound, and the rebound was bigger compared with the previous month. The PCI coal market was in the situation ready to rise, coal mines remained limited production, and the deal was good. The anthracite market remained stable, and the deal was acceptable. The thermal coal market was steady as a whole, where the price was stable or fell. The coking coal market ran smoothly, and some resources were reletively tense. The overall market price was in the upward rend, while in some parts of Shandong the price dropped 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 ordinary alloy market was mainly in the upward trend. The prices of some varieties in the special alloy market increased while others were in the stable operation.
[East China Region] This week, the prices of bearing steel in East China market slightly increased, and the deal was common. Up to this weekend, the quotations in Hangzhou market are as follows: Xinye GCr15Φ50-70 non-annealed steel was 4,400-4450 yuan/ton; Echeng Steel GCr15Φ30-75 heat-treated non-annealed steel was 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 5,000 yuan/ton, less stock; Nanjing Steel Group GCr15Φ16-40 heat-treated non-annealed steel was 4,500 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 4,600 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 4,500 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 slightly increased but the deal remained 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 4,550 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 4,400 yuan/ton; Xining Steel GCr15Φ25-70 continuous casting non-annealed steal was 4,550 yuan/ton. This week, the bearing steel prices in Wuhan market went up as a whole and the deal was common. Echeng Steel GCr15Φ14-30 continuous casting non-annealed steel was 4,400 yuan/ton; Xinyegang Steel GCr15Φ80-110 continuous casting non-annealed steel was 5,000 yuan/ton, GCr15Φ40-75 continuous casting non-annealed steel was 4,950 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 4,450-4,500 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 4,600 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 GCr15Φ 50 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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