Weekly Review of Bearing Steel Market in China (28 Dec 2013 to 3 Jan 2014)
Resource from: CBCC Likes:193
Jan 16,2014
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, bearing steel market runs stably, and the market turnover is still unsatisfactory. [Market] Due to the effect of funding constraints, seasonal weather factors, etc., the reduced speed of demand is significantly faster than that of supply, so the external market also operates in weak trend. As the cold weather sweeps across the most of the country, outdoor project see in its 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] Under the effect of environmental management, cost pressures and normal maintenance in the fourth quarter, the crude steel production continues to decline for 10 months, the average daily crude steel production has dropped to around 2 million tons in early December. Environmental governance will continue, and steel production level is difficult to rebound significantly, so the supply pressure in the market will be not obvious next month. Besides, the volume of goods arrived is not high, so 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 4756 yuan/ton, the average price of die-casting annealed steel is 7911 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.
[Forecast for next week]
The concentrate iron powder market in south runs smoothly while market in north operates in weak trend. Large mine companies in the north cut the price in the range of 20-25 yuan/ton, which drives the market price to go down. Imported ore market tends to go up on a stable basis, and market activity has yet to recover since it encountered the New Year holiday. Pig iron price remains the stable trend, and the turnover situation differs. DRI market continues the weak trend, and the market turnover turns to weak. Steel scrap market operates in weak trend, and the trading atmosphere is dull. The steel price in East China slightly falls, mainly in the range of about 20-30 yuan/ton. Tangshan billet market operates in weak consolidation, where the billet price overall increases 30 yuan/ton. PCI coal market goes down as major traders cut the quoted price, whiles moke-free PCI coal market continues the upward trend. Anthracite market is stable as a whole, the same with the coal price. Thermal coal market shows the downward trend as whole, transactions are ordinary. Coking coal market goes down in the weak trend, prices fall in some areas, and large-scale coal enterprises haven't make any adjustments in their prices. Imported coal market operates in the weak trend, quote prices of metallurgical coal and thermal coal fall to varying degrees, and the overall turnover is ordinary. Coke market runs steadily as a whole, and the turnover is releatively good. In Hebei and some parts of Northeast China, market prices loose this week. Common alloys and special alloys markets both run in weak tendency; transactions are ordinary. Common alloy market: ferrosilicon prices starts to fall, while transactions are ordinary.
[Macroeconomic information]
Funds: The People's Bank of China announced on Tuesday (December 31, 2013) that it has used the short-term liquidity adjustment tool (SLO) to regulate market liquidity since December 19 for three days, and in this period, the trading volume was 70 billion yuan with the bid rate of 4.70%. So far, the People's Bank of China has confirmed the use of SLO operation in October, November and December to inject liquidity into the market, and the amount of capital invested tends to be enlarged.
Investment: On December 31, 2013, the National SME share transfer system was officially opened for acception of listing application. On the first day, reporting materials from 145 companies were accepted, and Guizhou Weimen Pharmaceutical Co., Ltd. was the first accepted domestic enterprise with while Guangzhou Kechuan Computer Technology Co., Ltd. became the first accepted foreign-invested enterprise.
Consumption: According to the house price data released by China Index Research Institute on January 1, 2013, the average home price in 100 cities rose 0.7% in December 2013, increasing for 19 consecutive months since June 2012. The industry insider believes that the rising trend has stabilized, but the price differentiation in different cities may intensify.
Data: According to the data released by National Bureau of Statistics on Jan 1, 2014, China's manufacturing PMI in December 2013 was 51%, down 0.4 percentage points from the previous month, higher than the annual average of 0.2 percent, and above the critical point for 15 consecutive months. Analysts believe that the fall of new orders, output, employees and other major sub-indices and large and small businesses index indicates that current economy is facing some downward pressure and tends to go weak.
[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]
Due to the effect of funding constraints, seasonal weather factors, etc., the reduced speed of demand is significantly faster than that of supply.
(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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