Weekly Review of Bearing Steel Market in China (Apr 29th to May 10th, 2013)
Resource from: CBCC Likes:207
May 21,2013
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 fell this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 5086 yuan/ton, 21 yuan up per ton 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 4550 to 4900 yuan/ton. The average price of die-casting annealed steel was 8068 yuan/ton. As the bearing steel price dropped, market transactions were poor, traders had difficulties in shippment, and steel output remained high, the sales pressure was great later. Although the futures and stock markets were relatively stable, market participants were still not optimistic about the market outlook. Short-term recovery may not directly cause a rebound in market prices, but the expected bearing steel market price is expected to remain relatively stable next week, with less possibility of further decline.
This week, ore concentrate markets operated stably in the weak consolidation state, where the market price appeared weak early this week, but gradually stabilized as the business confidence was somehow improved. Nickel ore markets remains in the doldrums. The purchase prices were announced by steel mills, which brought the market into a panic. Taiyuan Iron and Steel Co. cut the purchase price sharply to 150-170 yuan/ton. Shipping markets rose slightly, and the freight routes related to iron ore experienced a slight increase. Pig iron markets operated in weak downtrend, and the trading volume turned out to be not ideal due to the poor demand. Direct reduction iron market maintained normal operation as a whole, where the spot market transactions were somewhat in the doldrums, and the market price was slightly adjusted in some regions. Steel billet markets ran in vulnerable consolidation state, and the prices of steel billet in each region experienced adjusted to different degree, mainly in the range of 10-70 yuan/ton. Scrap steel markets operated in narrow consolidation, and the overall perfomance was weak. PCI coal markets continued the weak trend, wherein, the listing price in some regions of Shanxi fell, and the sales volume was just so-so. As the whole market performance was not good, most of the coal enterprises in the anthracite markets had poor turnover, and the coal price experienced another drop in early May, mainly in the range of 50-100 yuan/ton, which was greater than that in April. Thermal coal markets operated in shock consolidation, and the price fell slightly. Coking coal markets fell in consolidation state, where the purchase prices of steel mills were adjusted in all regions as the cost pressure of coal enterprises was tightened, and the market activity was at low level. Imported coal markets remained weak, where the prices of some varieties dropped slightly, and transactions were ordinary. Coke markets operated in vulnerable state, but the downward trend still prevailed. Common alloys and special alloys markets both ran in weak tendency; transactions were ordinary.
[East China Region] This week, the bearing steel price in East China market fell, and the turnover was ordinary. Up to this weekend, the quotations in Hangzhou market are as follows: Xinye GCr15Φ50-70 non-annealed steel was 4,700 yuan/ton; Echeng Steel GCr15Φ30-75 heat-treated non-annealed steel was 4550 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 yuan/ton, less stock; Nanjing Steel Group GCr15Φ16-40 heat-treated non-annealed steel was 4,750 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 4,900 yuan/ton; Shougang Group GCr15Φ50 hot-rolled non-annealed steel was out of stock. This week, the bearing steel price in Wuxi market also fell, 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 5,350 yuan/ton; Xinyegang Steel GCr15Φ30-50 continuous casting annealed steel was 5550-5,600 yuan/ton; Beiman Steel GCr15Φ40-75 heat-treated annealed steel was 5600-5,650 yuan/ton; Wuxi Huarun Steel GCr15Φ50-80 hot-rolled non-annealed steel was 4700 yuan/ton, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was around 4,750 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot-rolled non-annealed steel was 4900 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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