Weekly Review of Bearing Steel Market in China (Nov 22nd to 28th, 2014)
Resource from: CBCC Likes:125
Dec 05,2014
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, 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 28th, the imported ore market run went warm as a whole. The average price of PB fines was 490-495 yuan, up by 5 yuan; PB ores 690 yuan, up by 5 yuan; Yandicoogina fines 425-450 yuan, up by 5 yuan; super special fines 405-420 yuan, flat; 63% Brazil coarse particle ores 495-505 yuan, down by 5 yuan.
On Nov 28th, the price of iron powder in Tangshan was stable. 66% iron powder Qian'an was 560 yuan; 60% iron powder in Zunhua was 560 yuan , 66% iron powder was 485 yuan; 66% iron powder in Qianxi was 550 yuan.
2. Coking coal
The coking coal market was steady as a whole, with no significant fluctuations in coal price, and this trend was believed to stay in short term.
3. Steel billet
On Nov 28th, the direct sending price of billet steel was 2455-2470 yuan in Tangshan; most of steel mills did not provide accurate quotes on stocks, and some deals were made at 2500 yuan; the price of finished steel increased partially while presintered compact increased by 20 yuan.
On Nov 28th, the price ex-factory of common square billet from major steel mills was 2430 yuan (cash and tax inclusive).
The market demand is weak currently, and the market is in a serious homogenization of competition, resulting in continuous falling of market price. However, most of bearing steel mills operate at a loss, which drives them to cut production, thus limiting the magnitude of price declines. The bearing steel price is expected to keep falling in December, mainly in the range of 80-100 yuan/ton.
[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)
【CBCC News Statement】
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.
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.
Previous Zero-Max Load Adaptors Connect Pump Impellers in Underwater Applications
Next Aug 17 Bearing Steel Price in Different Regions of China
Next Aug 17 Bearing Steel Price in Different Regions of China
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
