Weekly Review of Bearing Steel Market in China (Jan 1st to Jan 11th, 2013)
Resource from: CBCC Likes:247
Jan 22,2013
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 was 4932 yuan/ton, 71 yuan/ton 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 4500 to 4800 yuan/ton. The average price of die-casting annealed steel was 8061 yuan/ton. This week is an upsurge of purchase after the holiday, and driven by the rise in prices of building materials, ores, billets, etc., the bearing steel market performed well. The cumulative rate of increase in the Southern market was more than 100 yuan/ton. As there were more resources, participants in the North market held more cautious attitude to make adjustments on price. Chinese New Year is near, and the demand in winter is difficult to support the continuous rise in price, so market participants do not feel very optimistic to the market outlook. The bearing steel price is expected to experience high consolidation next week, with small possibility of further rise.
The price in ore fine iron powder market rose sharply. The imported ore market experienced the first rise and then fall trend, where the price became loose in the second half of the week. There were both ups and downs in the marine market, and the shipping activities in the Atlantic and Pacific oceans were under pressure. The prices in pig iron market generally increased, the transaction situations differed but remained weak as a whole. The direct reduced iron market remained the normal operation, and there was no significant change in the trading volume and the offer price. Except Tangshan region where the prices fell due to frequent fluctuations, the billet prices in other regions basically rose in varying degrees, most in the range of 50-100 yuan/ton. However, the overall turnover was not smooth, this is because market participates mainly held the wait and see atiitude in face of high price level, so the procurement activities were not active. The scrap steel market continued the uptrend, with the increase mainly in the range of 30-60 yuan/ton. The bituminous PCI coal market and anthracite PCI coal market were in totally different situations: the price of bituminous PCI coal dropped due to the weak operation of thermal coal, while the price of anthracite PCI coal rose as large steel mills raised ore price in early December. The sales of anthracite was good, the downstream procurement initiative improved, and the coal price temporarily maintained stable. The thermal coal market was steady as a whole. The coking coal market ran smoothly, but the rising power was not engough in later stage. The imported coal market remained stable as a whole, and the quoted prices for futures of some varieties increased. The upward trend and rising range in the coking coal market futher developed. As for the common alloy, the manganese-based markt was mainly in the consolidation state, while the silicon-based and chrome-based markets experienced significant pull-up. The special alloy market was in a situation that was mixed with ups and downs.
[East China Region] This week, the prices of bearing steel in East China market 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 4,600-4650 yuan/ton; Echeng Steel GCr15Φ30-75 heat-treated non-annealed steel was 4450 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 5,200 yuan/ton, less stock; Nanjing Steel Group GCr15Φ16-40 heat-treated non-annealed steel was 4,700-4,750 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 4,800-4,850 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 5,200 yuan/ton, out of stock; Xinyegang Steel GCr15Φ30-50 continuous casting annealed steel was 5,350 yuan/ton; Beiman Steel GCr15Φ40-75 heat-treated annealed steel was 5,400 yuan/ton; Wuxi Huarun Steel GCr15Φ50-80 hot-rolled non-annealed steel was 4,500 yuan/ton, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was around 4,700 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot-rolled non-annealed steel was 4,750-4,800 yuan/ton.
[Central South China Region] This week, the bearing steel prices in Luoyang market increased, 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 5,400 yuan/ton and the GCr15Φ16-30 continuous casting non-annealed steel was 4,700 yuan/ton; Xinyegang Steel GCr15Φ50-130 die-casting non-annealed steel was 7,700 yuan/ton, out of stock; Changcheng Special Steel GCr15Φ45 continuous casting annealed steel was 5,400 yuan/ton, out of stock, and the die-casting non-annealed steel was 4,550 yuan/ton; Xining Steel GCr15Φ25-70 continuous casting non-annealed steal was 4,700 yuan/ton. This week, the bearing steel prices in Wuhan market also increased and the deal was common. Echeng Steel GCr15Φ14-30 continuous casting non-annealed steel was 4,450 yuan/ton; Xinyegang Steel GCr15Φ80-110 continuous casting non-annealed steel was 5,050 yuan/ton, GCr15Φ40-75 continuous casting non-annealed steel was 5,000 yuan/ton, and the die-casting annealed steel was 7,550 yuan/ton.
[North China Region] This week, the bearing steel prices in Shenyang market were 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 4,450-4,500 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 increased and the market resources were not sufficient. Up to this weekend, Xinyegang Steel GCr15Φ50 continuous casting non-annealed steel was 5100 yuan/ton, Changcheng Steel GCr15Φ80-130 continuous casting annealed steel was 6,350 yuan/ton; Xining Steel Φ150-200 die-casting annealed steel was 7,800 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 remained 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 5,150 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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