Weekly Review of Bearing Steel Market in China (February 17th to 24th , 2017)
Resource from: CBCC Likes:148
Feb 27,2017
I. Macro News
Domestic News
The sales of many kinds of engineering machinery rose sharply and the industry thereby is expected to keep rebounding.
Recently, the sales figures of subdivision industry of engineering machinery have been released in succession in January. According to the statistics by China Engineering Machinery Trade Online(www.21-sun.com), the total sales of 25 excavator enterprises involved reached more than 4500 units in January, up 54% year on year, remaining a strong increasing trend after a growth rate of 70% for four consecutive months.
The price of steel per ton hits a new high over 4 years. China Iron & Steel Association posted that the steel market in later period will not desirable.
After years of downturn in the winter, the iron and steel market showed some signs of fluctuation after the Spring Festival with the steel price most obviously rising. Up to February 22nd , the price of domestic comprehensive steel was 4055 yuan/ton, hitting a new high since March 2013. Reporters of National Business Daily noticed that it had been 4 years since the domestic steel price exceeded 4000 yuan/ton last time, with the price of domestic comprehensive steel at 4182 yuan/ton.
International News
US turns into “oil nation” with record exports, 'eating' OPEC market share
It is reported on CNBC news in the morning of Feb. 24th Beijing Time, according to Energy Information Administration data, U.S. producers sent 1.2 million barrels of crude oil onto world markets last week, up nearly 200,000 barrels a day from the week earlier and about 350,000 barrels above the four-week average. Until recently, the U.S. was exporting about 500,000 barrels a day. The U.S. exported a record amount of crude oil, topping a million barrels a day for a second week and filling the gap in world markets created by OPEC cutbacks.
Companhia Vale do Rio Doce, Brazilian mining giant, turned around last quarter.
Companhia Vale do Rio Doce, Brazilian mining giant, announced on Feb. 23rd that the financial data of the fourth quarter of 2016 and 2016 as a whole outperformed than expected because of the record output of various minerals and the sharply increasing of iron ore price. Vale’s earnings before interest, tax, depreciation and amortization（EBITDA） in the fourth quarter of 2016 was $4.77 billion, substantially higher than the same period last year, that is $1.39 billion, as well as the market expectation, that is $4.4 billion.
II. Raw material and ferroalloy market
This week, among the five categories of raw materials, the prices of imported ore, domestic ore, pig iron rose,while that of scrap steel,coke declined; The price of ferrowolfram and ferrovanadium remained flat over last week; The price of ferroalloy high chromium, silicon manganese, high manganese and electrolytic nickel decreased compared with last week, whereas that of ferromolybdenum went up.
1. Prices of five categories of raw materials(unit: RMB yuan/ton )
Form 1: Price Comparison of Five Categories of Raw Materials by Week and by Month
Remark: the data of imported ore come from 63% of Indian ore in Tianjin ports; the data of domestic ore from 66% of Hebei iron power; the data of pig iron from the average price excluding tax of scarp steel of 6-8mm thick; the data of coke from the ex-factory price (including tax) of the secondary metallurgical coke of Tangshan.
Data Source: Mysteel
2. Prices of Ferroalloy (unit: RMB yuan/ton )
Form 2: Price Comparison of Ferroalloy by Week and by Month
Data Source: Mysteel
III. Trend of Price Index of Special Steel in China
1. Up to December 2nd , the price index of special steel reached at 111.2, up 2.10% over last week and rising 4.89% over last month.
2. The category of Synthetic index involved in carbon steel, gear steel, bearing steel, spring steel, die steel.
3. According to the trend of price index, the price of special steel will continue to see a slight consolidation next week.
Data Source: Mysteel
Remark:
1. Mysteel-sspic（Mysteel-Special Steel Price Indices of china is a set of price index of special steel launched by Mysteel.com representing the consumption and operation of special steel market.
2. The seven categories of steel adapted by Synthetic index are based on 45 # (20) Φ carbon structural steel, alloy structural steel 40 Cr (Φ 20), 20 CrMnTi gear steel, spring steel 60 Si2Mn (Φ 50), bearing steel GCr15 (Φ 50), 4 cr5mosiv1 alloy tool steel (H13), stainless steel 0 Cr18Ni9 (304/2 b2. 0 mm plate).
3. The prices come from the major consuming market of superior special steel, including Shanghai, Hangzhou, Changsha, Wuhan, Chongqing, Wuxi, Changzhou, Chengdu, Xi’an, Shenyang etc.
4. The index herein means weighted index , with the weight of each category made on the basis of its percentage of the total consumption of special steel over one year. The price adapted is the knockdown price of of major inventory markets by week..
5. The base date of the index is January 1, 2007 , with its value at 100 points.
6. According to the weight of latest categories in 2010, data in each day will have a deviation of 2-3 point. To ensure the continuity of the data, the index is not adjusted and the index based on the new weight is only for tracking prices.
IV. Ex-factory Prices of Superior Special Steel Manufacturers
This week, we tracked 83 superior special steel manufacturers, of which 17 mills released ex-factory pricing information, 1 mills remained flat, 16 mills raised their ex-factory prices. The ex-factory adjustment of prices only involved products such as a few bars and optimal wire rods, up 50 to 150 yuan/ton.
V. Price Tracking of Superior Special Steel
1.Price Tracking of Structural Steel Bar in a Week(unit: RMB yuan/ ton)
Data Source: Mysteel
2.Price Tracking of Superior Wire Rod in a Week(unit: RMB yuan/ ton)
Data Source: Mysteel
3.Price Tracking of Superior Plate and Strip in a Week(unit: RMB yuan/ ton)
Data Source: Mysteel
4.Price Tracking of Other Special Steel in a Week(unit: RMB yuan/ ton)
Data Source: Mysteel
Remark:
1, The sample prices of each type in the article includes the highest price and the lowest price in all markets in China.
2, The highest or lowest price this week went up compared with last week.
Remark: the data of imported ore come from 63% of Indian ore in Tianjin ports; the data of domestic ore from 66% of Hebei iron power; the data of pig iron from the average price excluding tax of scarp steel of 6-8mm thick; the data of coke from the ex-factory price (including tax) of the secondary metallurgical coke of Tangshan.
Data Source: Mysteel
2. Prices of Ferroalloy (unit: RMB yuan/ton )
Form 2: Price Comparison of Ferroalloy by Week and by Month
Data Source: Mysteel
III. Trend of Price Index of Special Steel in China
1. Up to December 2nd , the price index of special steel reached at 111.2, up 2.10% over last week and rising 4.89% over last month.
2. The category of Synthetic index involved in carbon steel, gear steel, bearing steel, spring steel, die steel.
3. According to the trend of price index, the price of special steel will continue to see a slight consolidation next week.
Data Source: Mysteel
Remark:
1. Mysteel-sspic（Mysteel-Special Steel Price Indices of china is a set of price index of special steel launched by Mysteel.com representing the consumption and operation of special steel market.
2. The seven categories of steel adapted by Synthetic index are based on 45 # (20) Φ carbon structural steel, alloy structural steel 40 Cr (Φ 20), 20 CrMnTi gear steel, spring steel 60 Si2Mn (Φ 50), bearing steel GCr15 (Φ 50), 4 cr5mosiv1 alloy tool steel (H13), stainless steel 0 Cr18Ni9 (304/2 b2. 0 mm plate).
3. The prices come from the major consuming market of superior special steel, including Shanghai, Hangzhou, Changsha, Wuhan, Chongqing, Wuxi, Changzhou, Chengdu, Xi’an, Shenyang etc.
4. The index herein means weighted index , with the weight of each category made on the basis of its percentage of the total consumption of special steel over one year. The price adapted is the knockdown price of of major inventory markets by week..
5. The base date of the index is January 1, 2007 , with its value at 100 points.
6. According to the weight of latest categories in 2010, data in each day will have a deviation of 2-3 point. To ensure the continuity of the data, the index is not adjusted and the index based on the new weight is only for tracking prices.
IV. Ex-factory Prices of Superior Special Steel Manufacturers
This week, we tracked 83 superior special steel manufacturers, of which 17 mills released ex-factory pricing information, 1 mills remained flat, 16 mills raised their ex-factory prices. The ex-factory adjustment of prices only involved products such as a few bars and optimal wire rods, up 50 to 150 yuan/ton.
V. Price Tracking of Superior Special Steel
1.Price Tracking of Structural Steel Bar in a Week(unit: RMB yuan/ ton)
Data Source: Mysteel
2.Price Tracking of Superior Wire Rod in a Week(unit: RMB yuan/ ton)
Data Source: Mysteel
3.Price Tracking of Superior Plate and Strip in a Week(unit: RMB yuan/ ton)
Data Source: Mysteel
4.Price Tracking of Other Special Steel in a Week(unit: RMB yuan/ ton)
Data Source: Mysteel
Remark:
1, The sample prices of each type in the article includes the highest price and the lowest price in all markets in China.
2, The highest or lowest price this week went up compared with last week.
(CBCC)
【CBCC News Statement】
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.
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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