Weekly Review of Bearing Steel Market in China (Nov 8th to 14th, 2014)
Resource from: CBCC Likes:124
Nov 17,2014
Bearing price changes in major cities of China (reference only)
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, bearing steel market was still in weak downstream, trading in general, and traders mainly had no stocks. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 4232 yuan/ton, the average price of die-casting annealed steel is 5808 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 3900 to 4100 yuan/ton.
[Raw materials]
1. Ores
On Nov 14th, the port spot price of imported ores fell slightly. The average price of PB fines was 515-525 yuan, flat; PB ores 690-715 yuan, flat; Yandicoogina fines 455-475 yuan, flat; super special fines 435-450 yuan, flat; 63% Brazil coarse particle ores 525-540 yuan, flat.
2. Coking coal
Domestic coking coal market was steady as a whole, and some markets may go warm in short term driven by the release of downstream demand.
3. Steel billet
On Nov 14th, the price ex-factory of common square billet from major steel mills was 2430 yuan (cash and tax inclusive).
According to the statistics of Special Steel Association, from January to September 2014, the bearing crude steel output of domestic major steel companies was 2.236 million tons, with a 0.74% decrease over the same period last year; in the same period, the steel output of domestic major steel companies was 2,170,500 tons, showing a decrease of 1.29% over the same period last year. Wherein, monthly production of bearing crude steel in September was 235,800 tons; steel production was 238,900 tons. For details, see Figure 1:
Fig 1 Bearing crude steel and bearing steel output of domestic major steel companies
[Forecast for the next week]
No significant improvement is expected to occur in the short term, and the bearing steel market will remain in downturn next week.
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, bearing steel market was still in weak downstream, trading in general, and traders mainly had no stocks. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 4232 yuan/ton, the average price of die-casting annealed steel is 5808 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 3900 to 4100 yuan/ton.
[Raw materials]
1. Ores
On Nov 14th, the port spot price of imported ores fell slightly. The average price of PB fines was 515-525 yuan, flat; PB ores 690-715 yuan, flat; Yandicoogina fines 455-475 yuan, flat; super special fines 435-450 yuan, flat; 63% Brazil coarse particle ores 525-540 yuan, flat.
2. Coking coal
Domestic coking coal market was steady as a whole, and some markets may go warm in short term driven by the release of downstream demand.
3. Steel billet
On Nov 14th, the price ex-factory of common square billet from major steel mills was 2430 yuan (cash and tax inclusive).
According to the statistics of Special Steel Association, from January to September 2014, the bearing crude steel output of domestic major steel companies was 2.236 million tons, with a 0.74% decrease over the same period last year; in the same period, the steel output of domestic major steel companies was 2,170,500 tons, showing a decrease of 1.29% over the same period last year. Wherein, monthly production of bearing crude steel in September was 235,800 tons; steel production was 238,900 tons. For details, see Figure 1:
Fig 1 Bearing crude steel and bearing steel output of domestic major steel companies
[Forecast for the next week]
No significant improvement is expected to occur in the short term, and the bearing steel market will remain in downturn 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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