Weekly summary:2020 China Bearing Steel market trend in first week of January up 0.02%

Weekly summary:2020 China Bearing Steel market trend in first week of January up 0.02%

I.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 domestic ore, imported ore, pig iron and and coke decreased, scrap steel increased. The main ferroalloy high-manganese and high chromium remained flat, ferrovanadium and ferromolybdenum, silica, tungsten iron, electrolytic nickel decreased.

1.1 Price of five raw materials(unit: RMB yuan/ton )

Form 1: Price Comparison of Five Raw Materials by Week and by Month

1.2 Prices of Ferroalloy (unit: RMB yuan/ton )

Form 2: Price Comparison of Ferroalloy by Week and by Month

Up to 3rd January , the price index of special steel reached to 110.9, up 0.02% over last week and down 0.31% over last month.

2. Synthetic index of carbon steel, gear steel increased, spring steel, bearing steel remained flat, mould steel decreased.

3. According to the trend of price index, the price of special steel will be weak 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.

III.Ex-factory Price Tracking of Superior Special Steel Manufacturers

This week, we tracked 83 superior special steel manufacturers, of which 2mills released ex-factory pricing information, 2 mills increased. The ex-factory adjustment of price only involved products such as a few bars and optimal wire rods, with the increasing of 30~50yuan/ton.

IV. 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)