Weekly Review of Bearing Steel Market in China (Oct 18th to 24th, 2014)
Resource from: CBCC Likes:118
Oct 29,2014
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, and the trading volume did not significantly enlarged. Up to Friday, the average price of continuous casting non-annealed steel nationwide was still 4838 yuan/ton, the average price of die-casting annealed steel is 7350 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 Oct 24, the spot price of imported ores fell. The average price of PB fines was 560-570 yuan, down by 5 yuan; PB ores 685-705 yuan, down by 5 yuan; Yandicoogina fines 480-495 yuan, down by 5 yuan; Super special fines 460-470 yuan, down by 5 yuan; and Brazil coarse particle ores 570-575 yuan, 5 yuan.
On Oct 24, the price of iron powder in Tangshan was flat in the weak trend: the price of 66% wet basis was 605 yuan excluding tax in Qian'an, down by 5 yuan; 66% wet basis was 600 yuan and 60 % wet basis was 500 yuan in Zunhua; 66% wet basis was 655 yuan in Qianxi.
2. Cokes
The price of 1501 coke traded sideways to higher, and was closed at 1110 yuan by midday, up by 2.30% compared with the settlement price; the price of 1501 coking coal rebounded in volatile trading, and was closed at 782 yuan by midday, up by 1.43% with the settlement price.
3. Steel billet
On May 23, the price of common carbon steel billet in Tangshan rose by 20 yuan, and the ex-factory price from major steel mills was 2450 yuan (cash and tax inclusive).
On May 23, the directly sent price of billet steel in Tangshan was 2465-2470 yuan; the price of finished sheet pulled up partially, well traded; the price of preform rose by 10 yuan.
[Major Markets' Review]
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.
[Forecast for the next week]
No significant improvement is expected to occur in the short term, so the bearing steel market may remain in 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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