Weekly Review of Bearing Steel Market in China (Jun 29th to Jul 5th, 2013)
Resource from: CBCC Likes:171
Jul 12,2013
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
Bearing steel market prices fell this week. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 4839 yuan/ton, falling by 64 yuan/ton, and the prevailing quotations for continuous casting non-annealed steel from the second ranking steel plants in South China was from 4300 to 4650 yuan/ton. The average price of die-casting annealed steel was 8068 yuan/ton. The market turnover was poor, downstream enterprises were less willing to purchase, traders performed poorly in shipment, and there was little change in the stock level. The prices of rebar and other varieties dropped to a relatively low level, while the prices of iron ores and other raw materials are expected to fell further. In July, steel markets cannot experience any rebound for lack of proper conditions, and necessary adjustments are needed to destock, restrain output and press down the raw material prices. However, as market prices have almost hit the bottom, the downside potential is relatively small. Bearing steel market prices are expected to drop further next week, and the turnover is difficult to improve.
Ore concentrate market prices rose steadily, and traders were optimistic. Imported ore market price rose rapidly driven by buy orders. Nickel ore markets remained stable in weak trend, and the resource situation did not change much compared with last week. Shipping market prices rose before inhibition. Pig iron markets were still in doldrums, and the demand remained poor. DRI markets continued the downturn trend, where spot market turnover was slightly sluggish, and slight adjustments in market price were made in some regions. Steel markets experienced rebound in price, where the prices kept rising for three consecutive days, but the rising trend is difficult to sustain. The prices of steel billets and building materials continued to rise, and scrap steel prices slightly pulled up on a stable basis, which was particularly obvious in Jiangsu, Zhejiang, Fujian, Henan. Price adjustments were mainly made by small steel mills, and mainstream steel mills temporarily took no action. Stainless steel scrap markets went down in shocks. PCI coal markets remained in weak trend, where coal mines still performed poorly, and trading volume was ordinary. Anthracite markets were weak, where coal prices stayed low, and mainstream spot markets was thinly traded. Thermal coal markets mainly operated in the vulnerable trend. Coking coal markets were still in doldrums. Imported coal markets still operated in the weak trend, and the overall volume was just not bad. Coke markets continued the downturn trend but the downtrend slowed compared with earlier stage. Semi coke markets went down in the weak trend, where the trading atmosphere was weak, and most manufacturers failed to realized good start, some of which sitll had much stock. 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 was flat as a whole, and the turnover was ordinary. Up to this weekend, the quotations in Hangzhou market are as follows: Xinye GCr15Φ50-70 non-annealed steel was 4,450 yuan/ton; Echeng Steel GCr15Φ30-75 heat-treated non-annealed steel was 4350 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 5,250 yuan/ton, less stock; Nanjing Steel Group GCr15Φ16-40 heat-treated non-annealed steel was 4,450 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 4,650 yuan/ton; Shougang Group GCr15Φ50 hot-rolled non-annealed steel was out of stock. This week, the bearing steel price in Wuxi market slightly dropped, 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 5,200 yuan/ton; Xinyegang Steel GCr15Φ30-50 continuous casting annealed steel was 5200-5,250 yuan/ton; Beiman Steel GCr15Φ40-75 heat-treated annealed steel was 5250-5,300 yuan/ton; Wuxi Huarun Steel GCr15Φ50-80 hot-rolled non-annealed steel was 4500 yuan/ton, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was around 4,500 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot-rolled non-annealed steel was 4650 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 5,350 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 5,350 yuan/ton, out of stock, and the die-casting non-annealed steel was 4,700 yuan/ton; Xining Steel GCr15Φ25-70 continuous casting non-annealed steal was 4,700 yuan/ton. This week, the bearing steel price in Wuhan market was flat, and the turnover was ordinary. 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 fell, while the market transaction was relatively good. Up to this weekend, Dongbei Special Steel GCr15Φ25-60 continuous casting non-annealed steel was 4,450 yuan/ton, out of stock; Benxi Steel Φ90-120 continuous casting steel was 4,200 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 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 4,550 yuan/ton.
[Southwest China Region] This week, the bearing steel price in Chengdu market dropped and the market resources were not sufficient. Up to this weekend, Xinyegang Steel GCr15Φ50 continuous casting non-annealed steel was 4950 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 also dropped. 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 5,100 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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