Weekly Review of Bearing Steel Market in China (Mar 17th to to 21st, 2014)
Resource from: CBCC Likes:153
Apr 01,2014
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 province
[Weekly overview]
This week, the price in bearing steel market remainsstable, and the transaction situation remains poor. Near the end of the month, downstream enterprises have funds reduced, and receive few orders. The performance in futures market is not satisfactory, either downstream or dealers are extremely cautious to purchase, so the overall market demand has not fully started. At the same time, both steel mills and dealers are consciously controling their inventory, so the current social stock and steel mill stock both slightly decrease compared to last week. However, the market fails to go warm due to the lack of demand. Dealers generally agreed that the market demand remains in a repressed state after the Spring Festival, and is expected to slowly release after the Tomb-Sweeping Festival. But in the short term, the demand is still difficult to improve, which is also one of the main reasons why the price stay at the low level.
Up to Friday, the average price of continuous casting non-annealed steel nationwide was still 4827 yuan/ton, the average price of die-casting annealed steel is 7921 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 4150 to 4500 yuan/ton.
[Raw materials]
Concentrate iron powder price in northern markets fell in the range of 10-20 yuan/ton. Iron ore market remained stable in the weak trend, trading platforms were relatively active, and spot transactions on port seemed fine. The price in steel market was stable in the weak trend, arriving at the bottom, so it is unlikely to fall further. DRI market remained weak operation, the demand gradually restored, andd the prices of some varieties showed slight decline. In Tangshan area, the steel billet market ran in consolidation state, mixed with ups and downs. The de-stocking speed accelerated, and the price is difficult to rise as no good policy has been launched to stimulate in short term. Scrap steel market was mainly in the downward trend. PCI coal market ran weakly in consolidation state, and the trading volume was at the middle level. Anthracite coal market mainly operated in weak trend, and listing price of steel mills remained at the low level. Thermal coal market was also in weak consolidation. Coking coal market continued the weak operation, main coke coal price shocked down, and the decline range was narrowed. Import coal market remained the weak trend as a whole, the trading price of individual anthracite species rose slightly. Coke market extended continued the weak operation, and the prices in all areas experienced substantial downturn. Common alloys and special alloys markets both run in weak tendency; transactions are ordinary. Common alloy market: ferrosilicon price ran stably in the weak trend, and market transactions slightly improved.
[Major Markets' Review]
[East China Region] This week, the bearing steel price in East China market continued the weak trend, demand waned. Up to this weekend, the quotations in Hangzhou market are as follows: Xinye GCr15Φ50-70 non-annealed steel was 4,500 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 7,100 yuan/ton; Xingcheng Steel GCr15Φ50 non-annealed steel was 5,050 yuan/ton, less stock; Nanjing Steel Group GCr15Φ16-40 heat-treated non-annealed steel was 4,500 yuan/ton; Dongbei Special Steel GCr15Φ30-95 hot-rolled non-annealed steel was 4,600 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 5,100 yuan/ton; Xinyegang Steel GCr15Φ30-50 continuous casting annealed steel was 5,000 yuan/ton; Beiman Steel GCr15Φ40-75 heat-treated annealed steel was 4,500 yuan/ton; Wuxi Huarun Steel GCr15Φ50-80 hot-rolled non-annealed steel was 4400 yuan/ton, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was around 4,450 yuan/ton.
[Central South China Region] This week, 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 7,800 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 in short supply.
[North China Region] This week, Shenyang market appeared weak on a stable basis, thinly traded. 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 4,050 yuan/ton, Benxi Steel GCr15Φ160-180 die-casting annealed steel was 5,600 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 4,500 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 4,500 yuan/ton.
[Southwest China Region] This week, the bearing steel price in Chengdu market was stable and the deal was light. 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 6,400 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 6,350 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 current market situation, high inventory in the steel market is just periodical characteristics. Now the inventory consumption rate has gradually increased as steel mills and distributors consciously reduce their inventory, and the demand begins to pick up. But this process will be very slow, and the market supply and demand can not return to the normal state before March. Whether the release of demand will accelerate later relies on the policies to be launched by the government as well as the price trend in futures market. But at the end of the month when the fund is in acute shortage, businesses mainly look forward to the market performance in April.
(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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