Weekly Review of Bearing Steel Market in China (Jan 26th to Feb 1st, 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 price in bearing steel market remained stable this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 4962 yuan/ton, 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 8068 yuan/ton. As the Spring Festival is near, traders were more active in selling, so did not follow the uptrend of other products. As the festive atmosphere grows stronger, the market will be gradually deserted. The bearing steel market is expected to experience steadily consolidation, with the turnover gradually shrinking.
Ore fine iron powder markets remained stable as a whole, but the prices in northeast region and Hebei province rose slightly. As for imported ore markets, the futures markets were very active where both the deal and enquiries slightly increased, while the spot markets were light where the prices were stable. Shipping markets were affected by the coming Spring Festival holiday, and the overall turnover was light. The price of pig iron was basically stable, and the transaction situation was not good. Direct reduced iron market remained the normal operation, and there was no significant change in the trading volume and the offer price compared with last week. As the Spring Festival is near, markets in all regions are gradually entering the closed state. Price fluctuations in steel billet markets slowed compared with the previous month. Scrap markets operated in narrow consolidation, with declines in a few areas ranging from 20 to 50 yuan. PCI coal markets continued the smooth running as a whole, while in some regions, the prices rose in the range of 20-40 yuan/ton, and the deal was relatively good. Anthracitic coal markets remained the smooth operation, where the quoted price was also stable. Thermal coal markets ran steadily as a whole. Coking coal markets went up on steady rise, and the deal was good. Affected by market demand, the listing price of coking coal in the northeast, east, north parts all increased. Imported coal markets mainly operated in a stable state, and the turnover was acceptable. Except Xinzhou, Shanxi, where the price of pseudo-first metallurgical coke significantly increased by 80 yuan/ton, the coal prices in main producing areas all slightly increased, mainly in the range of 20-30 yuan/ton, and the market trading atmosphere became light. As for the common alloy markets, the manganese-based markets were mainly in the consolidation state, the silicon-based markets ran smoothly, and the chrome-based markets experienced significant pull-up. Special alloy markets was in a situation that was mixed with ups and downs.
[East China Region] This week, the bearing steel price 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 4,600 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 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 4,800 yuan/ton; Shougang Group GCr15Φ50 hot-rolled non-annealed steel was out of stock. This week, the bearing steel price in Wuxi market was 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 5,200 yuan/ton; 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 price in Luoyang market remained 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 5,450 yuan/ton and the GCr15Φ16-30 continuous casting non-annealed steel was 4,750 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 remained stable 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 price in Shenyang market 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 4,650-4,700 yuan/ton, Benxi Steel GCr15Φ150-180 die-casting annealed steel was 6,600-6,650 yuan/ton. This week, the bearing steel price in Harbin market was basically 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 4,700 yuan/ton.
[Southwest China Region] This week, the bearing steel price in Chengdu market was stable 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 price 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 6,350 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.
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Next Aug 17 Bearing Steel Price in Different Regions of China
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