Weekly Review of Bearing Steel Market in China (Jan 24th to 30th, 2015)
Resource from: CBCC Likes:147
Feb 03,2015
This week, the domestic bearing steel market was in face of downward pressure. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 4145 yuan/ton, the average price of die-casting annealed steel is 5194 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 Jan 30th, the port spot prices of imported ores remained steady. The average price of PB fines was 460-470 yuan, flat; PB ores 655-670 yuan, down by 5 yuan; Yandicoogina fines400-410 yuan, down by 5 yuan; super special fines 370-390 yuan, down by 10 yuan; 62.5% Brazil coarse particle ores 465-475, down by 5 yuan.
On Jan 30th, the prices of iron powder in Tangshan were steady. 66% iron powder Qian'an was 500 yuan; 66% iron powder in Zunhua was 490 yuan, 60% iron powder was 420 yuan; 66% iron powder in Qianxi was 480 yuan.
2. Coking coal
Domestic coking coal market was steady temporarily, entering the consolidation stage. Current large-scale rain and snow temperature may adversely affect the transportation of coking coal.
3. Steel billet
On Jan 30th, the direct sending price of billet steel was 2045-2060 yuan in Tangshan; as more steel mills performed furnace maintenance, billet steel was in the tight supply situation; the price of pre-cast steel may remain stable or rose by 10 yuan.
On Jan 30th, the ex-factory price of common square billet from major steel mills was 2020 yuan (cash and tax inclusive).
[Output Analysis]
(i) In November, the output of crude steel and bearing steel continued to decline year on year
According to the statistics of Special Steel Association, from January to December 2014, the bearing crude steel output of domestic major steel companies was 2.9271 million tons, with a 2.95% decrease over the same period last year; in the same period, the steel output of domestic major steel companies was 2.8557 million tons, showing a decrease of 2.65% over the same period last year. Wherein, monthly production of bearing crude steel in November was 220,900 tons; steel production was 216,500 tons.
(ii) Production scheduling in January: slight drop in output
According to a survey on 33 domestic bearing steel production enterprises, the total output of bearing steel in January is estimated at 256,300 tons.
According to the survey, only one of the above 33 steel mills planed a 28-day furnace maintenance, affecting a yield loss of 65,000 tons, the others have no maintenance plans. Meanwhile, as the majority of steel mills make no profits from bearing steel, and the current price is unlikely to fall further, they mainly preferred to drop production.
[Forecast for the next week]
There are two view points on the domestic bearing steel trend in January 2015. Those who pay more attention to raw materials believe that the prices of raw materials represented by ore and steel billet are unlikely to decline due to the in the short-term stable performance, which will help stabilize the price of bearing steel. However, those who care more about downstream customers are more pessimistic and mainly believe that the poor downstream demand and financial pressures will result in further decline in bearing steel prices by 50 yuan/ton in January. Overall, the bearing steel market will run in weak consolidation in January.
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
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
(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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