Weekly Review of Bearing Steel Market in China (Nov 29th to Dec 5, 2014)
Resource from: CBCC Likes:155
Dec 09,2014
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. 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 Dec 5, the price of imported ore slightly increased. The average price of PB fines was 490-500 yuan, up by 5 yuan; PB ores 685-700 yuan, up by 5 yuan;
Yandicoogina fines 425-450 yuan, up by 5 yuan; super special fines 405-430 yuan, up by 5 yuan; 63% Brazil coarse particle ores 485-505 yuan, up by 5 yuan.
On Dec 5, the price of iron powder in Tangshan was stable. 66% iron powder Qian'an was 540 yuan; 60% iron powder in Zunhua was 540 yuan , 66% iron powder was 475 yuan; 66% iron powder in Qianxi was 530 yuan.
2. Coking coal
The coking coal market was steady as a whole, and the inventory level in downstream markets generally went low. Driven by the trend of winter storage, we can see good trading environment in most regions, so the price is expected to keep steady.
3. Steel billet
On Dec 5, 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 insist on deals made not below 2500 yuan; the finished steel was not sold well while the presintered compact preform steadily.
On Dec 5, the price ex-factory of common square billet from major steel mills was 2450 yuan (cash and tax inclusive).
[Review of Major Markets]
This month, the price of bearing steel continued to dip, mainly down by 100 yuan/ton. Up to now, the price of low-end continuous non-annealed casting material is about 3200 yuan/ton; mid-range materials 3400 yuan / ton; high-end materials 4600 yuan/ton; forgings 6400 yuan/ton. 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)
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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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