Weekly Review of Bearing Steel Market in China (Mar 16th to Mar 22nd, 2013)
Resource from: CBCC Likes:237
Apr 01,2013
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 flat this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 5115 yuan/ton, and the prevailing quotations for continuous casting non-annealed steel from the second ranking steel plants in South China was from 4700 to 5550 yuan/ton. The average price of die-casting annealed steel was 8068 yuan/ton. Due to the unsatisfactory performance of market transactions, traders had more difficulties in shipment, and the overall weakness in the steel market greatly influenced the performance of the bearing steel market. Based on the current poor market demand, traders felt pessimistic to the market outlook. Next week, the bearing steel price is expected to stabilize, and the transaction performance is difficult to get improved.
This week, steel mills in southern iron ore concentrate markets cut the procurement price in the range of 30-50 yuan/ton. Traders had no apparent resistance to this, and supply position was at normal level. Prices have declined in some areas, and the rest markets will also follow this trend successively next week. Imported ore markets experienced fluctuations in price, and showed a tentative rebound after the slow falling ceased in the second half of the week. Shipping markets continued the rising trend, though the strong rains affect the shipments due to the influence of the low pressure of the Philippines. Pig iron markets operated in the weak downward trend, where the stock increased regionally, and the transaction remained light. Direct reduction iron markets ran smoothly as a whole, where the market quotations were basic flat with last week, and factory inventories were all at normal levels. Steel billet markets went up in consolidation. Scrap steel markets firstly bottomed and then came into narrow consolidation, with the prices rebounded slightly in some areas. PCI coal markets continued the weak trend as a whole, where steel mills showed small purchasing enthusiasm, and sales volume was just so-so. Anthracite markets ran smoothly, and the turnover situation was ordinary. After two weeks of continuous price adjustment, coking coal markets operated in weak trend, where the coking coal prices still in fluctuations, and the downward trend became more obvious. Imported coal markets operated in the weak and stable stable, and the prices of some varieties kept falling. Coke markets went down in confusion, but the decline in mainstream markets slightly slowed down. Common alloys and special alloys markets both stabilized in weak tendency; transactions were ordinary.
[East China Region] This week, the bearing steel price in East China market was flat, and the turnover was ordinary. Up to this weekend, the quotations in Hangzhou market are as follows: Xinye GCr15Φ50-70 non-annealed steel was 4,900 yuan/ton; Echeng Steel GCr15Φ30-75 heat-treated non-annealed steel was 4700 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 5,350-5400 yuan/ton, less stock; Nanjing Steel Group GCr15Φ16-40 heat-treated non-annealed steel was 4,950 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 5,050 yuan/ton; Shougang Group GCr15Φ50 hot-rolled non-annealed steel was out of stock. This week, the bearing steel price in Wuxi market remained stable, and the turnover was ordinary. Up to this weekend, the quotations in Wuxi market are as follows: Xingcheng Steel GCr15Φ30-75 hot-rolled non-annealed steel was 5,400 yuan/ton; Xinyegang Steel GCr15Φ30-50 continuous casting annealed steel was 5,600 yuan/ton; Beiman Steel GCr15Φ40-75 heat-treated annealed steel was 5,650 yuan/ton; Wuxi Huarun Steel GCr15Φ50-80 hot-rolled non-annealed steel was 4800-4850 yuan/ton, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was around 4,950 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot-rolled non-annealed steel was 5000-5050 yuan/ton.
[Central South China Region] This week, the bearing steel price in Luoyang market was 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 5,650 yuan/ton and the GCr15Φ16-30 continuous casting non-annealed steel was 4,950 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 5,650 yuan/ton, out of stock, and the die-casting non-annealed steel was 4,800 yuan/ton; Xining Steel GCr15Φ25-70 continuous casting non-annealed steal was 4,950 yuan/ton. This week, the bearing steel price in Wuhan market was also stable, and the trading volume increased. Echeng Steel GCr15Φ14-30 continuous casting non-annealed steel was 4,550 yuan/ton; Xinyegang Steel GCr15Φ80-110 continuous casting non-annealed steel was 5,150 yuan/ton, GCr15Φ40-75 continuous casting non-annealed steel was 5,100 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 remained stable and the market transaction was relatively good. Up to this weekend, Dongbei Special Steel GCr15Φ25-60 continuous casting non-annealed steel was 4,950 yuan/ton, out of stock; Benxi Steel Φ90-120 continuous casting steel was 4,900-4,950 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 also 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 5,000 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 5150 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 remained 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 5,200 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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