Weekly Review of Bearing Steel Market in China (Jun 1st to 9th, 2013)
Resource from: CBCC Likes:179
Jul 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 was flat this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 5040 yuan/ton, and the prevailing quotations for continuous casting non-annealed steel from the second ranking steel plants in South China was from 4400 to 4850 yuan/ton. The average price of die-casting annealed steel was 8068 yuan/ton. The market turnover was poor before the Dragon Boat Festival, traders performed poorly in shipment, and there was little change in stock level. The downstream market demand was poor now, and the overall economy is hard to pick up. The bearing steel market is expected to run in weak trend next week, and the price is still likely to drop further.
This week, ore concentrate markets continued the down tend: major mine companies cut the ex-factory price, mainly in the range of 40-50 yuan/ton; steel mills in the South cut the price in the range of 60-80 yuan/ton. The bearing steel market price is expected to drop further next week. Imported ore market prices firstly rose and then fell, and the price shock grew. Nickel ore markets remained in the doldrums, thinly traded; factories were less intent to purchase as usual. Shipping markets all went down in weak trend. Pig iron market prices were regulated down, quotation in some areas is in the chaos, and the turnover was poor. DRI markets remained weak, spot markets traded slightly sluggish, and the quotations in most markets were flat compared with last week. Steel billet markets operated in weak consolidation, trading was in dull. Prices fell after slightly rebound in some areas, and the market outlook is not optimistic. Steel billet markets experienced slight rebond earlier and then went downward again. PCI coal markets remained in weak trend, steel mills had less stock, and trading volume was ordinary. Anthracite coal markets were in doldrums, thinly traded. Coal enterprise performance is relatively dim, and downstream demand was poor as a whole. Coking coal market operated in consolidation, where large mines cut the listed price, and the trading volume continued to shrink. Imported coal markets were all weak with slow shipment. Coke markets continued the downtrend last week, but the range of price drop was flat compared with last week. Common alloys markets operated stably as a whole, and manganese market turned better in consolidation state; special alloys markets were mixed with ups and downs; 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 4,700 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 was also flat, 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 was also stable and the market transaction was relatively good. Up to this weekend, Dongbei Special Steel GCr15Φ25-60 continuous casting non-annealed steel was 4,900 yuan/ton, out of stock; Benxi Steel Φ90-120 continuous casting steel was 4,800-4,850 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 4,900 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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