Weekly Review of Bearing Steel Market in China (May 24th to 30th, 2014)
Resource from: CBCC Likes:131
Jun 03,2014
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 prices in bearing steel market remained stable. Up to Friday, the average price of continuous casting non-annealed steel nationwide was still 4858 yuan/ton, the average price of die-casting annealed steel is 7216 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]
1. Ores
On May 23, the port spot price of imported ores dropped, which put pressure on northern markets. The average price of PB fines was 660-800 yuan, PB ores 750-800 yuan, Yandicoogina fines 580-610 yuan, super special fines 550-575 yuan, and 63% Brazil coarse particle ores 665-685 yuan.
On May 23, the price of iron powder in Tangshan was weak: the price of 66% wet basis was 700 yuan excluding tax in Qian'an; 66% wet basis was 680 yuan and 60% wet basis was 590 yuan in Zunhua; 66% wet basis was 650 yuan in Qianxi.
2. Cokes
The price of 1409 coke fluctuated slightly at low level, and was closed at 1155 yuan by midday, down by 1.03% compared with the settlement price; the price of 1409 coking coal fluctuated widely at low level, and was close at 817 yuan by midday, down 0.85% with the settlement price.
3. Steel billet
On May 23, the price of common carbon steel billet in Tangshan was steady, and the ex-factory price from major steel mills was 2800 yuan (cash and tax inclusive).
On May 29, the steel billet stock from main warehouses and ports in Tangshan calculated with the same caliber was 401,000 tons, reduced by 34,000 tons compared with last week (May 22). In near two weeks, the decline range of inventory narrowed, and the current inventory is mainly backlog. Mostly traders hold the wait and see attitude, and operate carefully for lack of confidence in the market outlook.
[Major Markets]
[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 remained weak, 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 the next week]
In summary, the recent performance of bearing steel market remains weaker, the trading volume stays at low level, and no significant release of demand is not seen or expected in the short term. The bearing steel market is thus expected to continue the weak consolidation state next week.
(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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