Weekly Review of Bearing Steel Market in China (Apr 4th to 10th, 2015)
Resource from: CBCC Likes:200
Apr 14,2015
This week, the domestic bearing steel market was in down trend. Up to Friday, the average price of continuous casting non-annealed steel nationwide was 4070 yuan/ton, the average price of die-casting annealed steel is 5525 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]
On Apr 10th, the prices of import ores were in weak consolidation at major ports. The average price of PB fines was 365-385 yuan; PB ores 450-470 yuan; Yandicoogina fines 320-345 yuan; super special fines 305-325 yuan; 63% Brazil coarse particle ores 365-385 yuan.
On Apr 10th, the powdered iron prices in Tangshan were temporarily stable. 66% iron powder in Qian'an was 490 yuan; 66% iron powder in Zunhua was 480 yuan, 60% iron powder was 400 yuan; 66% iron powder in Qianxi was 470 yuan.
2. Steel billet
On Apr 10th, the direct sending price of billet steel was 2005-2018 yuan in Tangshan; spot price was 2000 yuan (with big volume); the price of finished steel firstly rose and then fell; the price of preformed billets was stable.
On Apr 10th, the ex-factory price of common square billet from major steel mills was 1980 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, traded in general. 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.
[North China Region]This week, the prices in Shenyang market remained weak. 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.
[Forecast for the next week]
Based on the current market situation, the majority of traders predicted a bearish market due to the town trend in peripheral markets. Besides, the imbalance between supply and demand has been further intensified, so the bearing steel prices are more likely to fall in April.
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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