2017 China Bearing Steel Market in July Will be Upward
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Jul 07,2017
Summary: According to the data of year-on-year growth from January to May : the yields of Chinese crude bearing steel increased by 18.39%; Bearing steel increased by 12.8%, and the export on the contrary decreased by 26.64%. Turn back to the bearing steel market of June, the prices stay largely in place, some materials have the narrow adjustment. For the time being the lowest price for casting unannealed material is 4050RMB/ton, the price for the middle is 4300RMB/ton and the highest is 5800RMB/ton. In recent short-term, major steel mills have significantly reduced production and maintenance, oversupply is still sharp contradiction, the downstream business needs can not be pick up in a short period of time . But in view of the current lower profits, steel prices are willing to be strong, bearing steel market prices is expected to or will continue to consolidate upward trend in July.
1.The Domestic Yields of Bearing Steel
1.1 Yields of From January to May: Crude bearing steel and bearing steel all increased comparing to last year.
As the data shows from China Steel, from January to May of 2017, the yields for crude bearing steel reach to1,340,200 tons, which increased by 18.89% year-on-year growth. The yields for bearing steel meets 1,276,400 tons, which increased by 12.18% year-on-year growth. Details are shown in image 1:
1.2 The complete bearing yields of manufacturers from January to May: 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 61% of the yields, especially for Xing Bearing Steel and Shi 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 May
Resources from 10 China bearing steel manufacturers：
From January to May , the export quantity of bearing steel was 49,005 tons, down 17,791 tons than the same period of last year. The volume decreased by 26.64% year on year. On May, the export quantity of bearing steel was 11,397tons, up 275 tons than last month.The volume decreased by 18.96% year-on-year and also increased by 2.47% 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 11397tons, also the biggest.
2. Bearing Steel Market Price in June is expected to be likely to up slightly
In June, under the guidance of the steel factory price increaseing, the market price is slow upward. Although the demand for off-season is relatively optimistic over the same period last year, but according to mill feedback, the demand for downstream terminal is not high, high turnover is more difficult. Because of the current high steel production, coupled with the downstream steel demand faced weakening, follow-up bearing steel prices rose sharply unlikely, some steel orders due to the order, the price is expected to be slightly pushed up in July.
3.Related Market Information
3.1 Raw Material Price
In June, the price of imported minerals fell sharply to 63.9dollars/ton. While the market price of general carbon and rust steel remained weak to 1430RMB/ton, which was decreased by 5.69% comparing with last month. The price of high carbon ferrochrome down sharply and the average price was 76817RMB/ton at the end of this month. In view of the current profitable, the latter part of the demand for the release is relatively slow. So in July , raw material market prices is expected to be easily difficult to rise or fall.
3.2 Related Industries
Statistics from China Automobile Industry Association: May, 2017, the overall sales volume decreased slightly, but it’s slightly decreasing year-on-year growth.From January to May, both auto production and sales increased slightly than last year, commercial vehicles still increased quickly year on year growth . In May, the yields of autos reach to 2,868,000 units, the result is decreased by 2.42% comparing with last year, and increased by 0.69 % year-on-year . Sales volume reaches to 2,096,000units, the result increased by 0.58% comparing with last year, and decreased by 0.09% year-on-year . From January to May,both yields and sales volume is 1,135,840 units and 1,118,200units. It is increased by 4.49% and 3.71% year-on-year growth.
3.Conclusion
Review of the bearing steel market in June, bearing steel prices is slightly up, especially hot-rolled non-annealed materials. The major producers have a high output, and the production in July is still full, so there is little obvious production and maintenance. Gradually increased supply and demand balance pressure , further increased steel mills pressure , coupled with reduced order , follow-up bearing steel price is unlikely to rise sharply.
With the arrival of the off-season sales in July, the terminal demand will decline, bearing steel demand is subject to be affected by it , and it is difficult to form an effective support to the current price. But in view of the current GCr15 price and narrowing 45 # carbon structural steel , Zhongtian, Nanjing Iron and Steel, giant and other steel mills are only 500-600 yuan / ton, which makes steel prices will be more strongly.
In summary, because of lower profits, coupled with the raw material market stabilized rebound, so in July, bearing steel market prices is expected to or will continue to move up the whole trend.
1.2 The complete bearing yields of manufacturers from January to May: 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 61% of the yields, especially for Xing Bearing Steel and Shi 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 May
Resources from 10 China bearing steel manufacturers：
From January to May , the export quantity of bearing steel was 49,005 tons, down 17,791 tons than the same period of last year. The volume decreased by 26.64% year on year. On May, the export quantity of bearing steel was 11,397tons, up 275 tons than last month.The volume decreased by 18.96% year-on-year and also increased by 2.47% 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 11397tons, also the biggest.
2. Bearing Steel Market Price in June is expected to be likely to up slightly
In June, under the guidance of the steel factory price increaseing, the market price is slow upward. Although the demand for off-season is relatively optimistic over the same period last year, but according to mill feedback, the demand for downstream terminal is not high, high turnover is more difficult. Because of the current high steel production, coupled with the downstream steel demand faced weakening, follow-up bearing steel prices rose sharply unlikely, some steel orders due to the order, the price is expected to be slightly pushed up in July.
3.Related Market Information
3.1 Raw Material Price
In June, the price of imported minerals fell sharply to 63.9dollars/ton. While the market price of general carbon and rust steel remained weak to 1430RMB/ton, which was decreased by 5.69% comparing with last month. The price of high carbon ferrochrome down sharply and the average price was 76817RMB/ton at the end of this month. In view of the current profitable, the latter part of the demand for the release is relatively slow. So in July , raw material market prices is expected to be easily difficult to rise or fall.
3.2 Related Industries
Statistics from China Automobile Industry Association: May, 2017, the overall sales volume decreased slightly, but it’s slightly decreasing year-on-year growth.From January to May, both auto production and sales increased slightly than last year, commercial vehicles still increased quickly year on year growth . In May, the yields of autos reach to 2,868,000 units, the result is decreased by 2.42% comparing with last year, and increased by 0.69 % year-on-year . Sales volume reaches to 2,096,000units, the result increased by 0.58% comparing with last year, and decreased by 0.09% year-on-year . From January to May,both yields and sales volume is 1,135,840 units and 1,118,200units. It is increased by 4.49% and 3.71% year-on-year growth.
3.Conclusion
Review of the bearing steel market in June, bearing steel prices is slightly up, especially hot-rolled non-annealed materials. The major producers have a high output, and the production in July is still full, so there is little obvious production and maintenance. Gradually increased supply and demand balance pressure , further increased steel mills pressure , coupled with reduced order , follow-up bearing steel price is unlikely to rise sharply.
With the arrival of the off-season sales in July, the terminal demand will decline, bearing steel demand is subject to be affected by it , and it is difficult to form an effective support to the current price. But in view of the current GCr15 price and narrowing 45 # carbon structural steel , Zhongtian, Nanjing Iron and Steel, giant and other steel mills are only 500-600 yuan / ton, which makes steel prices will be more strongly.
In summary, because of lower profits, coupled with the raw material market stabilized rebound, so in July, bearing steel market prices is expected to or will continue to move up the whole trend.
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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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