Weekly Review of Bearing Steel Market in China (Dec 14th to 20th, 2013)
Resource from: Vivian Likes:162
Jan 08,2014
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 provinc
[Overview]
This week, the price in bearing steel market remains stable in the weak trend, and the turnover is still tepid. [Market] With the gradual widening of price difference in the North and South markets, northern steel mills perfer to transfer their resources to the south, which poses pressure on sales in South market, and will have effect on the steel price. As the cold weather sweeps across the most of the country, outdoor projects enter the off season, which is undoubtedly the biggest obstacle to building materials that drives the steel price. Market demand is certain to decline, and this weakening will also affect the bearing steel market. [Social inventory] Although it declines for several weeks, but there is little change in the overall inventory, and traders are still cautious to the market outlook. Up to Friday, the average price of continuous casting non-annealed steel nationwide was still 4794 yuan/ton, the average price of die-casting annealed steel is 8054 yuan/ton, and the prevailing quotations for continuous casting non-annealed steel from the second ranking steel plants in South China remains in the range of 4200 to 4550 yuan/ton.
[Raw material]
The concentrate iron powder market in south runs smoothly while market in north operates in weak trend. Imported ore market shows unilateral downward, the supply and demand are both weak, thinly traded. Pig iron price remains the stable trend, and the turnover is in general. DRI market continues the weak trend, and spot market turnover shows no improvement. The offer prices of all varieties remains basically unchanged from last week. Tangshan steel billet market operates in the weak downward trend, and the price in Tangshan steel billet market falls by 40 yuan/ton. Scrap steel market runs stably, and the steel price is slightly adjusted in some areas. PCI coal market is overall in the upward trend. Anthracite market remains stable, the same with the coal price. Thermal coal market shows the rising trend, with good transactions. Coking coal market runs stably, major mining companies remain the listed price, shipments in mainstream market are in general, and coal blending market is still weak. Imported coal market remains stable as a whole, thermal coal market remains high inventory, and coking coal market operates in weak trend. Coke market continues the steady upward trend as a whole, and shipments situation turns better. Common alloys and special alloys markets both run in weak tendency; transactions are ordinary. Common alloy market: ferrosilicon prices continues to rise, with the spot market getting tighter.
[Macroeconomic information]
Funds: The People's Bank of China said in a statement on December 19 that it has used the short-term liquidity adjustment tool (SLO) to regulate market liquidity, and will use SLO flexibly in the future depending on the surplus and deficiency.
Investment: According to the data released by the People's Bank of China, new foreign exchange of domestic financial institutions in November was 397.947 billion yuan, down from 441.6 billion yuan in October, and for the fourth consecutive month of positive growth. At the end of November, foreign exchange balance domestic financial institutions was 28.3575 trillion yuan.
Consumption: In November, new house price fell only in Wenzhou, while rose 21.9% Shanghai as the highest level. Housing sales price changes in 70 cities (November): as for the new residential (excluding affordable housing) price changes among 70 cities, 1 fell, 3 flat, and 66 rose compared with the previous month. For the QoQ price change, the highest was up 1.3%, and the lowest was down 0.5%. Compared with the same month last year, among the 70 cities, 1 fell, and 69 rose. For the YoY price change, the highest was up 21.9%, and the lowest was 1.2%.
Data: According to the data released by HSBC Holdings PLC on December 16, the preview value of China’s manufacturing PMI fell to 50.5 in December, marking a three-month low with the final value of 50.8.
[Market Review]
[East China Region] This week, the bearing steel price in East China market was stable, and the turnover was ordinary. Up to this weekend, the quotations in Hangzhou market are as follows: Xinye GCr15Φ50-70 non-annealed steel was 4,400 yuan/ton; Echeng Steel GCr15Φ30-75 heat-treated non-annealed steel was 4200 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 4,400 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 4,550 yuan/ton; Shougang Group GCr15Φ50 hot-rolled non-annealed steel was out of stock. This week, the bearing steel price in Wuxi market slightly declined, 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 4450 yuan/ton, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was around 4,450 yuan/ton; Dongbei Special Steel GCr15Φ40-75 hot-rolled non-annealed steel was 4600 yuan/ton.
[Central South China Region] This week, the bearing steel price in Luoyang market remained stable, thinly traded. Up to this weekend, the quotations in Luoyang market are as follows: Shijiazhuang Steel GCr15Φ16-50 heat-treated annealed steel was 5,550 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 5,550 yuan/ton, out of stock, and the die-casting non-annealed steel was 4,600 yuan/ton; Xining Steel GCr15Φ25-70 continuous casting non-annealed steal was 4,750 yuan/ton. This week, the bearing steel price in Wuhan market was also stable, and the turnover was ordinary. Echeng Steel GCr15Φ14-30 continuous casting non-annealed steel was 4,600 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, and the market transaction was ordinary. 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 4,100 yuan/ton, Benxi Steel GCr15Φ160-180 die-casting annealed steel was 6,600-6,650 yuan/ton. This week, the bearing steel price in Harbin market was flat, 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 was stable 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 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 5,100 yuan/ton; Xining Steel Φ80-150 forged annealed steel was 7,500 yuan/ton, less stock.
[Forecast for next week]
Based on the current market situation, although the stock pressure has eased in the steel market, the existing problems restricting the development of the industry has not changed, and the work to resolve excess capacity has only just started, so the latter effect is difficult to affirm. The production cost of steel mills remains high, and the financial pressure on them is getting even more apparent as it is near the end of the lunar year. For all these reasons, steel price is difficult to change in the short term and the bearing steel market will remain in consolidation trend.
(Vivian)
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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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