Weekly Review of Bearing Steel Market in China (Jun 13th to Jun 20th, 2014)
Resource from: CBCC Likes:138
Jun 25,2014
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
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 Jun 20, the port spot price of imported ores was in a narrow range of shock, but inquiries for ores were increasing. The average price of PB fines was 595-620 yuan, PB ores 695-725 yuan, Yandicoogina fines 530-545 yuan, super special fines 490-515 yuan, and 63% Brazil coarse particle ores 625-630 yuan.
2. Cokes
The price of 1409 coke was in a relatively strong shock, and was closed at 1147 yuan by midday, up by 0.53% compared with the settlement price; the price of 1409 coking coal also fluctuated, and was close at 808 yuan by midday, up by 0.12% with the settlement price.
3. Steel billet
On Jun 20, the price of common carbon steel billet in Tangshan was steady, and the ex-factory price from major steel mills was 2720 yuan (cash and tax inclusive). Downstream turnover remained weak.
4. Associated species
Shanghai Building Materials: the prices of building materials were stable, the price of special rebar from Shanghai Prosperity Steel was 3040 yuan/ton, the price of seismic rebar from Shanghai Xicheng Steel was 3050 yuan/ton, others in the range of 2840-2890 yuan/ton.
Beijing Building Materials: the price of high carbon steel wire rod from Hebei Steel was 3090 yuan/ton, and coiled reinforced bar 3140 yuan/ton, up by 40 yuan/ton.
[Major Markets]
[East China Region] This week, the bearing steel price in East China market remained stable in the weak trend, and the deal was still poor. Up to this weekend, the quotations in Hangzhou market are as follows: Xinye GCr15Φ50-70 non-annealed steel was 4,500 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 was basically stable, 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 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 weak, and the ex-factory price of steel mills has less support to the market price. The bearing steel market is thus expected to continue the weak consolidation state in short term.
(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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