Weekly Review of Bearing Steel Market in China (Jan 31st to Feb 6th, 2015)
Resource from: CBCC Likes:106
Feb 12,2015
This week, the domestic bearing steel market ran at the bottom in shocks. 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 Markets]
1. Ores
On Feb 6th, imported ores market operated in weak trend. The average price of PB fines was 460-465 yuan, flat; PB ores 650-660 yuan, down by 5 yuan; Yandicoogina fines405-410 yuan, flat; super special fines 370-390 yuan, flat; 62.5% Brazil coarse particle ores 465-470, flat.
On Feb 6th, the prices of iron powder in Tangshan were steady. 66% iron powder Qian'an was 495 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
On Feb 6th, the price of 1505 coke went up in shocks, closing at 1037 yuan/ton at noon, rose by 0.58% compared with yesterday; the price of 1505 coking coal was stronger in shocks, closing at 736 yuan/ton at noon, rose by 0.27 % compared with yesterday.
3. Steel billet
On Feb 6th, the direct sending price of billet steel was 2055-2070 yuan in Tangshan; the price of finished steel was stable, and the trading volume was ordinary; the price of pre-cast steel may remained stable.
On Feb 6th, the ex-factory price of common square billet from major steel mills was 2020 yuan (cash and tax inclusive).
[Major Markets]
[East China Region] This week, the bearing steel price in East China market remained stable in the weak trend, and the deal was still poor. Up to this weekend, the quotations in Hangzhou market are as follows: Beiman Steel GCr15Φ30-70 non-annealed steel was 3,800 yuan/ton; Nanjing Steel GCr15Φ20-0 continuous casting non-annealed steel was 3,700 yuan/ton; Xingcheng Steel GCr15Φ50 non-annealed steel was 4,500 yuan/ton, less stock. This week, the bearing steel price in Wuxi market was basically stable, and the turnover was ordinary. Up to this weekend, the quotations in Wuxi market are as follows: Xingcheng Steel GCr15Φ30-75 hot-rolled non-annealed steel was 4,500 yuan/ton; Xinyegang Steel GCr15Φ30-50 continuous casting annealed steel was 3,900 yuan/ton; Beiman Steel GCr15Φ40-75 heat-treated annealed steel was 4,600 yuan/ton; Wuxi Huarun Steel GCr15Φ50-80 had no accurate quote, less stock; Nanjing Steel GCr15Φ50 hot-rolled non-annealed steel was around 3,750 yuan/ton. As the end of 2014 lunar year approaches, steel mills all performed poorly in shipments.
[North China Region] This week, Shenyang market remained weak, thinly traded. Up to this weekend, Benxi Steel Φ90-120 continuous casting steel was 4,050 yuan/ton; Benxi Steel GCr15Φ160-180 die-casting annealed steel was 5,400 yuan/ton. This week, the bearing steel price in Harbin market was flat, and the deal was ordinary.
Benxi Steel GCr15Φ20-75 heat-treated annealed steel was 4,200 yuan/ton, out of stock; Dongbei Special Steel GCr15Φ50 heat-treated annealed steel was out of stock; Dongbei Special Steel GCr15Φ40-75 continuous casting non-annealed steel was 3,900 yuan/ton. The rain and snow started in many parts of Northern China, and downstream enterprises mainly closed business, resulting linear decrease in bearing orders this week. Large steel mills performed poorly in shipments, and the market will stay weak on a stable basis in the short term.
[Forecast for the next week]
Domestic bearing market is predicted to run at the bottom in shocks next week.On the one hand, the prices of raw materials represented by ore and steel billet dropped further, unlikely to stablize in the short term, which resulted in decreased production costs of bearing steel; on the other hand, with the approaching of the Spring Festival holiday, the downstream demand gradually weakened, resulting in sales pressures.
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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