Monthly Data:May Bearing Steel Market Trend Is Relatively Strong
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May 09,2019
May bearing steel market trend is relatively strong
According to the statistics of the Special Steel Association, the output of crude steel for bearing steel in the main special steel enterprises in China from January to March of 2019 was 89.14million tons, compared with the same period last year. The ratio decreased by 19.69%; from January to March of 2019, the output of bearing steel in China's major Ute steel enterprises was 79.28 million tons, decrease of 19.70% compared with the same period of last year. See Figure 1.
2.From January to March, the output of finished steel products of bearing steel production enterprises: steel mill output decreased year-on-year
As can be seen from Figure 2, the current bearing steel output is: Zhongxin Special Steel (Xingcheng Special Steel, Daye Special Steel, Qingdao Iron and Steel), Zhongtian and Bent, accounting for 66% of the total output. In the 19-year period from January to March, the overall output of bearing steel decreased. The output of steel mills such as Shagang, Jianlong Shigang Nangang Zhongtian Xingcheng Yegang slightly decreased compared with the same period of last year. The output of Xinggang, Juneng, Baote increased compared with the same period of last year.
Ⅱ.Domestic bearing steel market performance review.
In April, the domestic bearing steel market, the overall trend rose slightly. As the price of raw materials continues to rise, the production cost has increased, and the ex-factory prices of major leading bearing steel producers have generally increased, and the increase is basically between 50-150 yuan/ton. At present, the overall output has decreased compared with the same period of last year, and the market inventory has dropped significantly. It is expected that the price of bearing steel will be firmer in May, and some materials may rise appropriately.
Ⅲ.Relevant market information
1. Raw material price
In April, the price of the imported ore market fluctuated and the port was significantly reduced. The price at the end of the month was 94.9 US dollars per dry ton. The domestic steel mill blast furnace is actively resuming production. Under the stimulation of high profits, the steel mill capacity utilization rate has reached a new high since 2018. Under the influence of the continuous enhancement of the fundamentals, the iron ore port inventory has fallen sharply, and both the US dollar and the spot price have risen. The carbon scrap market fluctuated upwards and was affected by the recovery of downstream construction sites. The finished products market was active, steel mills increased profits, production was positive, and scrap purchases were also positive. The average price at the end of the month was 2,319 yuan/ton, up 3.45% from the end of last month; The carbon ferrochrome market is weakly adjusted, and the average price at the end of the month is 6,983 yuan / ton. Considering the frequent temporary production restriction policies in the later period, the overall supply and demand pattern has changed. It is expected that the raw material market price will be weak in May.
3.Downstream industry
According to the statistical analysis of the China Association of Automobile Manufacturers, in March 2019, automobile production and sales increased rapidly, a slight decrease year-on-year. From January to March, automobile production and sales still showed a certain decline, and the decline was narrower than that in January and February.In March, the automobile production was 2.558 million units, an increase of 81.45% from the previous month and a decrease of 2.73% year-on-year; sales of 2.52 million units, an increase of 70.09% from the previous month and a decrease of 5.18% from the same period last year. From January to March, the production and sales of automobiles were 6,335,700 and 6,372,400, a year-on-year decrease of 9.81% and 11.32%.
Ⅳ. Conclusion
In the bearing steel market in April, driven by the upward shift in steel mill costs and the strength of the futures market, market prices showed an overall upward trend. Although the performance of downstream industries such as machinery, vehicles and ships is not satisfactory, the production of bearing steels in steel mills such as Shagang, Jianlong, Shigang, Nangang, Zhongtian, Xingcheng and Yegang have been reduced in recent years. Got higher. In view of the narrowing of the price difference between GCr15 and 45# carbon steel, Jiyuan, Nangang, Zhongtian, Jianlong and other steel mills are around 300-470 yuan/ton, and the price trend of bearing steel in the later period is still relatively firm.
With the continuous digestion of low-cost resources and the arrival of high-cost resources, it is expected that the bearing steel market will support or continue to search for momentum in May, and the short-term retreat space is limited.
According to the statistics of the Special Steel Association, the output of crude steel for bearing steel in the main special steel enterprises in China from January to March of 2019 was 89.14million tons, compared with the same period last year. The ratio decreased by 19.69%; from January to March of 2019, the output of bearing steel in China's major Ute steel enterprises was 79.28 million tons, decrease of 19.70% compared with the same period of last year. See Figure 1.
2.From January to March, the output of finished steel products of bearing steel production enterprises: steel mill output decreased year-on-year
As can be seen from Figure 2, the current bearing steel output is: Zhongxin Special Steel (Xingcheng Special Steel, Daye Special Steel, Qingdao Iron and Steel), Zhongtian and Bent, accounting for 66% of the total output. In the 19-year period from January to March, the overall output of bearing steel decreased. The output of steel mills such as Shagang, Jianlong Shigang Nangang Zhongtian Xingcheng Yegang slightly decreased compared with the same period of last year. The output of Xinggang, Juneng, Baote increased compared with the same period of last year.
Ⅱ.Domestic bearing steel market performance review.
In April, the domestic bearing steel market, the overall trend rose slightly. As the price of raw materials continues to rise, the production cost has increased, and the ex-factory prices of major leading bearing steel producers have generally increased, and the increase is basically between 50-150 yuan/ton. At present, the overall output has decreased compared with the same period of last year, and the market inventory has dropped significantly. It is expected that the price of bearing steel will be firmer in May, and some materials may rise appropriately.
Ⅲ.Relevant market information
1. Raw material price
In April, the price of the imported ore market fluctuated and the port was significantly reduced. The price at the end of the month was 94.9 US dollars per dry ton. The domestic steel mill blast furnace is actively resuming production. Under the stimulation of high profits, the steel mill capacity utilization rate has reached a new high since 2018. Under the influence of the continuous enhancement of the fundamentals, the iron ore port inventory has fallen sharply, and both the US dollar and the spot price have risen. The carbon scrap market fluctuated upwards and was affected by the recovery of downstream construction sites. The finished products market was active, steel mills increased profits, production was positive, and scrap purchases were also positive. The average price at the end of the month was 2,319 yuan/ton, up 3.45% from the end of last month; The carbon ferrochrome market is weakly adjusted, and the average price at the end of the month is 6,983 yuan / ton. Considering the frequent temporary production restriction policies in the later period, the overall supply and demand pattern has changed. It is expected that the raw material market price will be weak in May.
3.Downstream industry
According to the statistical analysis of the China Association of Automobile Manufacturers, in March 2019, automobile production and sales increased rapidly, a slight decrease year-on-year. From January to March, automobile production and sales still showed a certain decline, and the decline was narrower than that in January and February.In March, the automobile production was 2.558 million units, an increase of 81.45% from the previous month and a decrease of 2.73% year-on-year; sales of 2.52 million units, an increase of 70.09% from the previous month and a decrease of 5.18% from the same period last year. From January to March, the production and sales of automobiles were 6,335,700 and 6,372,400, a year-on-year decrease of 9.81% and 11.32%.
Ⅳ. Conclusion
In the bearing steel market in April, driven by the upward shift in steel mill costs and the strength of the futures market, market prices showed an overall upward trend. Although the performance of downstream industries such as machinery, vehicles and ships is not satisfactory, the production of bearing steels in steel mills such as Shagang, Jianlong, Shigang, Nangang, Zhongtian, Xingcheng and Yegang have been reduced in recent years. Got higher. In view of the narrowing of the price difference between GCr15 and 45# carbon steel, Jiyuan, Nangang, Zhongtian, Jianlong and other steel mills are around 300-470 yuan/ton, and the price trend of bearing steel in the later period is still relatively firm.
With the continuous digestion of low-cost resources and the arrival of high-cost resources, it is expected that the bearing steel market will support or continue to search for momentum in May, and the short-term retreat space is limited.
(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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