Weekly Review of Bearing Steel and special steel Market in China (Sep 29 to Oct 13，2017)
Resource from: CBCC Likes:269
Oct 17,2017
I. Macro News
China Market News
The Purchasing Managers Index (PMI) of the China manufacturing sector was 52.4% in September 2017
The Purchasing Managers Index (PMI) of the manufacturing sector was 52.4% in September 2017,up 0.7 per cent . And the manufacturing will continue to be stable and has a quick expansion.Looking from the scale of enterprise,the Purchasing Managers Index (PMI) of large and medium-sized enterprises was 53.8% and 51.1%, respectively increased by 1 and 0.1% than last month,and the Purchasing Managers Index (PMI) of small enterprises was 49.4%, increased by 0.3% than last month.
The Purchasing Managers Index (PMI) of the China manufacturing sector dropped to 51 in September
The Purchasing Managers Index (PMI) of the China manufacturing sector was 51.0 released on September 30, down 0.6% than August. But it still exceeded the 50.0 threshold for the fourth consecutive month,showing that manufacturing expansion become slower.
International News
The volume of iron ore exports declined by approximately 9.6% year-on-year in Sep,2017
According to data released by Brazil's foreign trade ministry ( MDIC), the volume of iron ore exports was 31.93 million tons in September, down from 35.33 million tons in the same period than last year.
As the sales prices rising, iron ore exports increased by 13.38% in September, increasing from $1.42 billion to $1.61 billion.
The China Securities Journal: regulators plans to further open up Chinese futures markets
To deepen China's capital market reforms, Chinese securities regulators plans to accelerate the process of opening up of China futures market, China Securities Journal reported at Thursday.
China Securities Regulatory Commission （CSRC） of futures supervision department said in its report, CSRC will accelerate crude oil Futures trading and strive to introduce overseas investors to Chinese commodity market such as Iron ore futures trading market.
II. Raw material and ferroalloy market
I. The price of Raw material and ferroalloy market
This week, among the five categories of raw materials, the prices of imported ore and domestic ore and coke declined; that of pig iron rose and scrap steel remained flat.The price of iron alloy high chrome and high manganese remained flat over last week; the price of electrolytic nickel increased; that of tungsten iron, molybdenum iron ，vanadium ferroalloy and silicon manganese decresed.
1.Price of five raw materials(unit: RMB yuan/ton )
Form 1: Price Comparison of Five Raw Materials by Week and by Month
Remark:
1.the data of imported ore come from 63% of Indian ore in Tianjin ports; the data of domestic ore is from 66% of Hebei iron power; the data of pig iron is from the average price including tax of pig iron for steel making ;The data of scrap steel is from the average price including tax of of scrap 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. Price Index Trend of China Special Steel
1. Up to December 2nd,2016 , the price index of special steel reached 122, up 1.21% over last week and down 1.24% over last month.
2. Synthetic index of carbon steel, gear steel, bearing steel, spring steel keep increase and die steel keep flat.
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
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 data of imported ore come from 63% of Indian ore in Tianjin ports; the data of domestic ore is from 66% of Hebei iron power; the data of pig iron is from the average price including tax of pig iron for steel making ;The data of scrap steel is from the average price including tax of of scrap 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. Price Index Trend of China Special Steel
1. Up to December 2nd,2016 , the price index of special steel reached 122, up 1.21% over last week and down 1.24% over last month.
2. Synthetic index of carbon steel, gear steel, bearing steel, spring steel keep increase and die steel keep flat.
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
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
(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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