Weekly Review of Bearing Steel Market in China (1th, Dec to 8th, Dec，2017)
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Dec 13,2017
Weekly Review of Bearing Steel Market in China (1th, Dec to 8th, Dec，2017)
I.Macro News
China Market News
“Ground steel" Processing Point "Committing the crime" Against the Wind Track in Many Areas
Reporter found, there have been many nationwide awards reporting system established including Heilongjiang, Hebei, Tianjin and other provinces and cities . Some people think,"People are all soldiers" is helpful to solve some of the blind area regulatory issues, especially discovered hidden black processing point in time. Raising the bonus amount and improving the reporting mechanism are necessary to mobilize social forces to participate.
Funding May be Difficult to Change the Tight Balance But No Worries About Crossing the New Year Steadily,Do not Over-pessimistic
Perhaps the suspicion stemming from breaking the "usual" medium-term loan facility (MLF) operation maybe it can be put down. Dec 7,Central Bank restart the open market reverse repurchase operations,which has been suspended for 4 days,also restart with a 28-day reverse repurchase that has been suspended for more than two months.Central Bank put short-term liquidity,especially across the New Year's liquidity,the intention to ensure that there will be no major fluctuations in the capital by the end of the year is clear.
International News
FMG will Hold a Ceremony with GSI for the First Ship of Ore Carrier
FMG Group, the third largest mining company in Australia, will hold a ceremony with Guangzhou Shipyard International for the construction of the first ship of ore carrier at Pier # 2 in Nansha, Guangzhou..In 2014, FMG Group signed successively with Jiangsu Yangtze River Shipyard and Guangzhou Shipyard International to build four iron ore carriers with a carrying capacity of 260,000 tons each. Among them, the first four ships with Yangtze River Shipyard have been delivered.The eight vessels FMG ordered made in China use innovative designs,which can improve the shipping efficiency of Hedland.The financing of the eight vessels is provided by CDB Leasing,it is the largest CDB financing lease for Australian companies,it fully reflects the further improvement of economic and trade cooperation between China and Australia.
Egypt Continued to Tax on Rebar Imports From China, Turkey and Ukraine for Five Year
Egypt's Ministry of Trade announced on Wednesday,decided to postpone the mid-year temporary tariffs on rebar imported from China, Turkey and Ukraine for five years.This provisional tariff starts in June this year,designed to protect local manufacturers,tax on rebar imported from China 17%,tax on imported rebar imported from Turkey 10-19%,Tax on rebar imported from Ukraine 15-27%.
II.Raw material and ferroalloy market
The price of Raw material and ferroalloy market
This week, among the five categories of raw materials, the prices of imported ore，domestic ore,coke and scrap steel rose ; that of pig iron remained flat. The main ferroalloy high chromium, tungsten iron remained flat. Silica, manganese, vanadium and iron rose. Ferrovanadium, electrolytic nickel declined.
2.1 Price of five raw materials(unit: RMB yuan/ton )
Form 1: Price Comparison of Five 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 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.
2.2 Prices of Ferroalloy (unit: RMB yuan/ton )
Form 2: Price Comparison of Ferroalloy by Week and by Month
III.Price Index Trend of China Special Steel
1. Up to December 8nd , the price index of special steel reached 139, up 3.26% over last week and up 13.16% over last month.
2. Synthetic index of carbon steel and gear steel , bearing steel, spring steel and die steel keep increasing.
3. According to the trend of price index, the price of special steel will run up next week.
Remark:
1. Mysteel-sspic（Mysteel-Special Steel Price Index 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 # (Φ 20) 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 (304/2B 2. 0 mm plate).
3.The price 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 one 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 Price Tracking of Superior Special Steel Manufacturers
This week, we tracked 83 superior special steel manufacturers, of which 13 mills released ex-factory pricing information, 10 mills raised their ex-factory prices ,1mills remained flat,1mills declined. The ex-factory adjustment of price only involved products such as a few bars and optimal wire rods, with the increasing of 50-300yuan/ton and the declining of 20-50yuan/ton.
V. Price of Superior Special Steel
1.Price Tracking of Structural Steel Bar in a Week(unit: RMB yuan/ ton)
2.Price Tracking of Superior Wire Rod in a Week(unit: RMB yuan/ ton)
3.Price Tracking of Superior Plate and Strip in a Week(unit: RMB yuan/ ton)
4. Price Tracking of Other Special Steel in a Week(unit: RMB yuan/ ton)
2.2 Prices of Ferroalloy (unit: RMB yuan/ton )
Form 2: Price Comparison of Ferroalloy by Week and by Month
III.Price Index Trend of China Special Steel
1. Up to December 8nd , the price index of special steel reached 139, up 3.26% over last week and up 13.16% over last month.
2. Synthetic index of carbon steel and gear steel , bearing steel, spring steel and die steel keep increasing.
3. According to the trend of price index, the price of special steel will run up next week.
Remark:
1. Mysteel-sspic（Mysteel-Special Steel Price Index 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 # (Φ 20) 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 (304/2B 2. 0 mm plate).
3.The price 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 one 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 Price Tracking of Superior Special Steel Manufacturers
This week, we tracked 83 superior special steel manufacturers, of which 13 mills released ex-factory pricing information, 10 mills raised their ex-factory prices ,1mills remained flat,1mills declined. The ex-factory adjustment of price only involved products such as a few bars and optimal wire rods, with the increasing of 50-300yuan/ton and the declining of 20-50yuan/ton.
V. Price of Superior Special Steel
1.Price Tracking of Structural Steel Bar in a Week(unit: RMB yuan/ ton)
2.Price Tracking of Superior Wire Rod in a Week(unit: RMB yuan/ ton)
3.Price Tracking of Superior Plate and Strip in a Week(unit: RMB yuan/ ton)
4. Price Tracking of Other Special Steel in a Week(unit: RMB yuan/ ton)
(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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