China Bearing Steel Market in June Will partly fall
Resource from: CBCC Likes:115
Jun 16,2017
Summary: According to the data of year-on-year growth from January to April : the yields of Chinese crude bearing steel increased by 23.89%; Bearing steel increased by 17.76%, and the export on the contrary decreased by 28.68%. Turn back to the bearing steel market of May, the prices stay largely in place, some materials have the narrow adjustment. For the time being the lowest price for casting unannealed material is 3900RMB/ton, the price for the middle is 4300RMB/ton and the highest is 5800RMB/ton. The current raw material price continued to decline, steel mills’s cost of production show a decline.And because bearing steel enterprises still have profit margins ,so steel mills have a relatively big productive forces. Steel demand downturn is approaching, and the downstream demand for steel is facing weakening. And except that,bearing steel market price is expected to shock consolidation in June, after the first half of the relatively stable period, it do not rule out the possibility of having a small drop in later this month.
1.The Domestic Yields of Bearing Steel
1.1 Yields of From January to April: Crude bearing steel and bearing steel all increased comparing to last year.
As the data shows from China Steel, from January to April of 2017, the yields for crude bearing steel reach to1,087,800 tons, which increased by 23.89% year-on-year growth. The yields for bearing steel meets 1,033,200 tons, which increased by 17.76% year-on-year growth. Details are shown in image 1:
1.2 The complete bearing yields of manufacturers from January to April : increased year-on-year .
As we can see from image 2,the yields from ZHONGXING Bearing Steel(XINYE and XINCHENG), JUNENG and BENTE are the top three companies ahead of others, and these three contributes 59% of the yields.The total yields of bearing steel was still growing, especially for ZHONGXING Bearing Steel, DONGTE and Xing Bearing Steel year-on-year growth.
2.Performance of China Bearing Steel Market
2.1 The Export of Bearing Steel declined year-on-year on April
Resources from 10 China bearing steel manufacturers：
From January to April , the export quantity of bearing steel was 37,608 tons, down 15,124 tons than the same period of last year. The volume decreased by 28.68% year on year. On April, the export quantity of bearing steel was 11,122tons, up 2,897 tons than last month.The volume decreased by 17.72 % year-on-year and also increased by 26.05% comparing the last year. Image 3 shows the difference of the export since 2016, now the exporters mainly centered by XINGCHENG and DAYE . And XINCHENG contributes most of the volume at 7865tons, also the biggest.
2. Bearing Steel Market Price in May narrow adjustment
The price of ordinary continuous casting and rolling bearing steel from the main line of steel mills are relatively strong in this month,the trade price of part of the middle of the material is slightly down,because of higher prices, such as Benxi Iron and Steel, South Steel, North and other steel mills. Some materials is raised to 50-150 yuan / ton, such as JuNeng, Xing Steel, Jiyuan because the order is acceptable. The recent market performance has weakened, the overall output of steel mills is high,and traders have weak shipping,sales is not ideal . With the continuous increasing of steel production, and supply and demand balance was broken,bearing steel price is expected to be likely to fall in June.
3.Related Market Information
3.1 Raw Material Price
In April, the price of imported minerals fell sharply to 57.8dollars/ton. While the market price of general carbon and rust steel remained weak to 1353RMB/ton, which was decreased by 4.11% comparing with last month. The price of high carbon ferrochrome down sharply and the average price was 7293RMB/ton at the end of this month. With the arrival of the traditional steel consumption off-season , the latter part of the demand is more likely to fail to meet expectations . So in June ,the materials of the bearing steel will also perform under pressure.
3.2 Related Industries
Statistics from China Automobile Industry Association: April, 2017, the overall sales volume decreased significantly, but it’s slightly decreasing year-on-year growth.From January to April, both auto production and sales slowed down slightly than last year, commercial vehicles still increased quickly year on year growth . In April, the yields of autos reach to 21,384,000 units, the result is decreased by 17.88% comparing with last year, and decreased by 1.91% year-on-year . Sales volume reaches to 2,084,000units, the result decreased by 18.05% comparing with last year, and decreased by 2.24% year-on-year . From January to April,both yields and sales volume is 9,271,500 units and 9,086,000units. It is increased by 5.38% and 4.58% year-on-year growth.
3.conclusion
The current raw material price continued to fall,it is difficult to form an effective support to the current price . In recent period, the major bearing steel enterprises are in high output, in addition to JUNENG, South Steel has maintenance plans with small amount , other steel mills are still full of production in June. The steel pipe plant, forging plant are basically on-demand procurement, the overall demand has received certain restriction, newcoming market is still acute in excess supply , the demand of downstream business can n't warm up.
With the pressure of supply and demand balance gradually increased,further increased the pressure of steel mills , and the reduction of orders, steel price is impossible to continue to rise. With the arrival of the off-season sales, bearing steel demand is bound to be affected, under the gradually intensified pressure of the supply and demand ,bearing steel price is expected to fall partly in June , but it will not fall much.
1.2 The complete bearing yields of manufacturers from January to April : increased year-on-year .
As we can see from image 2,the yields from ZHONGXING Bearing Steel(XINYE and XINCHENG), JUNENG and BENTE are the top three companies ahead of others, and these three contributes 59% of the yields.The total yields of bearing steel was still growing, especially for ZHONGXING Bearing Steel, DONGTE and Xing Bearing Steel year-on-year growth.
2.Performance of China Bearing Steel Market
2.1 The Export of Bearing Steel declined year-on-year on April
Resources from 10 China bearing steel manufacturers：
From January to April , the export quantity of bearing steel was 37,608 tons, down 15,124 tons than the same period of last year. The volume decreased by 28.68% year on year. On April, the export quantity of bearing steel was 11,122tons, up 2,897 tons than last month.The volume decreased by 17.72 % year-on-year and also increased by 26.05% comparing the last year. Image 3 shows the difference of the export since 2016, now the exporters mainly centered by XINGCHENG and DAYE . And XINCHENG contributes most of the volume at 7865tons, also the biggest.
2. Bearing Steel Market Price in May narrow adjustment
The price of ordinary continuous casting and rolling bearing steel from the main line of steel mills are relatively strong in this month,the trade price of part of the middle of the material is slightly down,because of higher prices, such as Benxi Iron and Steel, South Steel, North and other steel mills. Some materials is raised to 50-150 yuan / ton, such as JuNeng, Xing Steel, Jiyuan because the order is acceptable. The recent market performance has weakened, the overall output of steel mills is high,and traders have weak shipping,sales is not ideal . With the continuous increasing of steel production, and supply and demand balance was broken,bearing steel price is expected to be likely to fall in June.
3.Related Market Information
3.1 Raw Material Price
In April, the price of imported minerals fell sharply to 57.8dollars/ton. While the market price of general carbon and rust steel remained weak to 1353RMB/ton, which was decreased by 4.11% comparing with last month. The price of high carbon ferrochrome down sharply and the average price was 7293RMB/ton at the end of this month. With the arrival of the traditional steel consumption off-season , the latter part of the demand is more likely to fail to meet expectations . So in June ,the materials of the bearing steel will also perform under pressure.
3.2 Related Industries
Statistics from China Automobile Industry Association: April, 2017, the overall sales volume decreased significantly, but it’s slightly decreasing year-on-year growth.From January to April, both auto production and sales slowed down slightly than last year, commercial vehicles still increased quickly year on year growth . In April, the yields of autos reach to 21,384,000 units, the result is decreased by 17.88% comparing with last year, and decreased by 1.91% year-on-year . Sales volume reaches to 2,084,000units, the result decreased by 18.05% comparing with last year, and decreased by 2.24% year-on-year . From January to April,both yields and sales volume is 9,271,500 units and 9,086,000units. It is increased by 5.38% and 4.58% year-on-year growth.
3.conclusion
The current raw material price continued to fall,it is difficult to form an effective support to the current price . In recent period, the major bearing steel enterprises are in high output, in addition to JUNENG, South Steel has maintenance plans with small amount , other steel mills are still full of production in June. The steel pipe plant, forging plant are basically on-demand procurement, the overall demand has received certain restriction, newcoming market is still acute in excess supply , the demand of downstream business can n't warm up.
With the pressure of supply and demand balance gradually increased,further increased the pressure of steel mills , and the reduction of orders, steel price is impossible to continue to rise. With the arrival of the off-season sales, bearing steel demand is bound to be affected, under the gradually intensified pressure of the supply and demand ,bearing steel price is expected to fall partly in June , but it will not fall much.
(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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