China Bearing Steel Market in Nov，2017 continuing under high pressure
Resource from: CBCC Likes:190
Nov 22,2017
China Bearing Steel Market in Nov，2017 continuing under high pressure
Summary: According to the data of year-on-year growth from January to September, the yields of Chinese crude bearing steel increased by 11.67%, Bearing steel increased by 6.56%, and exports decreased by 17.47%. Review the bearing steel market of Oct, Bearing Steel Prices maintain stability, some steel prices rose slightly, up 50-100 RMB/Ton. So far, the lowest price for casting unannealed material is 4650RMB/ton, 5000RMB/Ton and 6500RMB/Ton corresponding to Middle grade and High-grade material.
At present, the prices of raw materials drops, and the production costs of steel mills have shown a downward trend. In the case of bearing steel producers and profit margins, the steel mills inhance the production. As the demand for steel dropped, bearing steel prices in November is expected to run under pressure, not limit some high-end materials pulled up slightly.
1.The Domestic Yields of Bearing Steel
1.1 Yields From January to September: Crude bearing steel and bearing steel both increased comparing to last year.
As the data shows from China Steel, the output of crude bearing steel reach up to 2,326,800 tons from Jan to Sept, 2017, rised by 11.67% compared to 2016. The yields of bearing steel is 2,217,200 tons, which is increased by 6.56% year-on-year growth. Details refer to Pic 1:
1.2 Yields datas of The finished steel From Jan to Sept: Increased year-on-year .
From Pic 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 60% of the yields.The total yields of bearing steel was still growing , Outputs from ZHONGXING Bearing Steel, JIGANG,Xing Bearing Steel, QINGANG, JIANLONG and ZHONGXING Bearing Steel were increased separately.
2.Performance of China Bearing Steel Market
Statistics from ten major bearing steel manufacturers shows that, From Sep,2017 to Aug,2017, the exports of bearing steel was 96,404 tons, a 17.47% drop (that is 20,401 tons) than last year. The exports of bearing steel was 11,175tons, down 1153 tons than last month.The volume decreased by 9.35% year-on-year and also decreased by 5.57% comparing the last year. Pic 3 shows the bearing steel export variation since 2016, now the exporters mainly centered by XINGCHENG, DAYE and DONGTE ，And XINCHENG contributes most of the volume with 11,018tons. At present domestic prices continue to rise sharply, export pressures are on the high side, steel mills continue to shrink the volume of foreign trade, and later domestic exports may decline.
2. Bearing steel market in October
This month the leading steel mill ordinary casting and rolling bearing prices performed more stable. Due to the higher price earlier,some mid-end material price fell down slightly. There are some materials' prices(eg.NANGANG,ZHONGTIAN) have increased because of acceptable order, increased by50-100 yuan / ton.Nearly the market performance has weakened,traders' shipments weak,Market conditions are not ideal.Looking Forward November bearing steel market, the downstream demand is still not saturated, it is expected that steel bearing steel prices probably fall in the future.a
3.Related Market Information
3.1 Raw Material Price
In October, the price of imported minerals fell to 58.9 dollars/ton. While the market price of general carbon and rust steel remained higher to1640 RMB/ton, which was increased by 5.60% comparing with last month. The price of high carbon ferrochrome remain weakly and the average price was 8017 RMB/ton at the end of this month. The impact of the full implementation of restricted production, it still has the space to adjust steel raw material prices ,we estimate that raw material market shocks weakly run in November.
3.2 Downstream Industry
Statistics from China Automobile Industry Association:
Automobile production and sales volume of Sept, 2017 continued the growth trend, increased than in August. From January to September, the year-on-year growth of automobile production and sales increased slightly compared with the previous 8 months,but still significantly lower than the same period. In September, the yields of autos reach to26,709,000 units, the result is increased by 27.64% comparing with last year, and increased by 5.54% year-on-year . Sales volume reaches to 2,709,100units, the result increased by 23.93% comparing with last year, and increased by 5.66% year-on-year . From January to September,both yields and sales volume is 20,349,200 units and 20,224,500units. Increased by 4.77% and 4.46% year-on-year growth. The growth rate increased by 0.10 percentage point and 0.21 percentage point from January to August, 8.48 percentage points and 8.71 percentage points lower than the same period of previous year.
4.Conclusion
Nearly all of the major bearing steel manufacturers have high output , except for NANGANG, JUNENG can have maintenance plan, but the amount involved is small, other steel mills are still full of productions in November . At present, steel pipe factory, forging factory basically purchase on demand, the overall demand is still subject to certain constraints, the market outlook for oversupply is still sharp.
Orders have been reduced, the power of steel prices continue to rise no longer exists. Xing Cheng Special Steel, BAOGANG Special Steel lead the high-end market with its highest quality.The price is much higher than other mills, little affected by the market. Some of the low-end material steel mills are at full capacity,gradually show the situation of oversupply,the price competition is relatively intense.
As demand affected price, It is predict that bearing steel market will operation under pressure in November.
1.2 Yields datas of The finished steel From Jan to Sept: Increased year-on-year .
From Pic 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 60% of the yields.The total yields of bearing steel was still growing , Outputs from ZHONGXING Bearing Steel, JIGANG,Xing Bearing Steel, QINGANG, JIANLONG and ZHONGXING Bearing Steel were increased separately.
2.Performance of China Bearing Steel Market
Statistics from ten major bearing steel manufacturers shows that, From Sep,2017 to Aug,2017, the exports of bearing steel was 96,404 tons, a 17.47% drop (that is 20,401 tons) than last year. The exports of bearing steel was 11,175tons, down 1153 tons than last month.The volume decreased by 9.35% year-on-year and also decreased by 5.57% comparing the last year. Pic 3 shows the bearing steel export variation since 2016, now the exporters mainly centered by XINGCHENG, DAYE and DONGTE ，And XINCHENG contributes most of the volume with 11,018tons. At present domestic prices continue to rise sharply, export pressures are on the high side, steel mills continue to shrink the volume of foreign trade, and later domestic exports may decline.
2. Bearing steel market in October
This month the leading steel mill ordinary casting and rolling bearing prices performed more stable. Due to the higher price earlier,some mid-end material price fell down slightly. There are some materials' prices(eg.NANGANG,ZHONGTIAN) have increased because of acceptable order, increased by50-100 yuan / ton.Nearly the market performance has weakened,traders' shipments weak,Market conditions are not ideal.Looking Forward November bearing steel market, the downstream demand is still not saturated, it is expected that steel bearing steel prices probably fall in the future.a
3.Related Market Information
3.1 Raw Material Price
In October, the price of imported minerals fell to 58.9 dollars/ton. While the market price of general carbon and rust steel remained higher to1640 RMB/ton, which was increased by 5.60% comparing with last month. The price of high carbon ferrochrome remain weakly and the average price was 8017 RMB/ton at the end of this month. The impact of the full implementation of restricted production, it still has the space to adjust steel raw material prices ,we estimate that raw material market shocks weakly run in November.
3.2 Downstream Industry
Statistics from China Automobile Industry Association:
Automobile production and sales volume of Sept, 2017 continued the growth trend, increased than in August. From January to September, the year-on-year growth of automobile production and sales increased slightly compared with the previous 8 months,but still significantly lower than the same period. In September, the yields of autos reach to26,709,000 units, the result is increased by 27.64% comparing with last year, and increased by 5.54% year-on-year . Sales volume reaches to 2,709,100units, the result increased by 23.93% comparing with last year, and increased by 5.66% year-on-year . From January to September,both yields and sales volume is 20,349,200 units and 20,224,500units. Increased by 4.77% and 4.46% year-on-year growth. The growth rate increased by 0.10 percentage point and 0.21 percentage point from January to August, 8.48 percentage points and 8.71 percentage points lower than the same period of previous year.
4.Conclusion
Nearly all of the major bearing steel manufacturers have high output , except for NANGANG, JUNENG can have maintenance plan, but the amount involved is small, other steel mills are still full of productions in November . At present, steel pipe factory, forging factory basically purchase on demand, the overall demand is still subject to certain constraints, the market outlook for oversupply is still sharp.
Orders have been reduced, the power of steel prices continue to rise no longer exists. Xing Cheng Special Steel, BAOGANG Special Steel lead the high-end market with its highest quality.The price is much higher than other mills, little affected by the market. Some of the low-end material steel mills are at full capacity,gradually show the situation of oversupply,the price competition is relatively intense.
As demand affected price, It is predict that bearing steel market will operation under pressure in November.
(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.
Previous Varvel Offers RS and RT Series Worm Gearboxes
Next Zero-Max Load Adaptors Connect Pump Impellers in Underwater Applications
Next Zero-Max Load Adaptors Connect Pump Impellers in Underwater Applications
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
