Weekly Review of Bearing Steel Market in China (Dec 20th to 26th, 2014)
Resource from: CBCC Likes:122
Jan 07,2015
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
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 26th, the port spot prices of imported ores remained steady. The average price of PB fines was 470-480 yuan, flat; PB ores 675-690 yuan, flat; Yandicoogina fines 405-430 yuan, flat; super special fines 390-400 yuan, flat; 63% Brazil coarse particle ores 480, flat.
On Dec 26th, the price of iron powder in Tangshan was weak, the same with the supply and demand. 66% iron powder Qian'an was 485 yuan; 60% iron powder in Zunhua was 420 yuan, 66% iron powder was 485 yuan; 66% iron powder in Qianxi was 480 yuan.
2. Coking coal
The price of 1505 coke ran through stronger shocks, and was closed at 1008 yuan, down by 0.10%; the price of 1505 coking coal was weak, closed at 724 yuan, down by 0.28%.
3. Steel billet
On 26th, the price ex-factory of common square billet from major steel mills was 2130 yuan (cash and tax inclusive).
On 26th, the direct sending price of billet steel was still 2130 yuan in Tangshan; shipments of finished steel fell, and the price fell by 20-30 yuan.
[Review of Major Markets]
This month, the price of bearing steel continued to dip, mainly down by 80 yuan/ton. Up to now, the price of low-end continuous non-annealed casting material is around 3200 yuan/ton (accepted); mid-range materials 3300 yuan/ton (accepted); high-end materials 4400 yuan/ton (accepted); forgings 5800 yuan/ton (accepted). The profits of most bearing steel manufacturers are lagging now. In contrast, the profit margins of coiled reinforced bar, carbon steel and other materials were acceptable. So some steel mills made adjustment to product structures and reduced the production of bearing steel. The prices of raw materials represented by iron ores are expected to fall further in January. Meanwhile, steel mills and traders end funds are now under the pressure of funds returning at the end of the lunar year, so they prefer to low-cost shipping. Overall, domestic bearing steel market prices in January will continue dropping slightly, in the range of 50-80 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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