Weekly summary:2020 China Bearing Steel market trend in second week of June down 1.16%

Weekly summary:2020 China Bearing Steel market trend in second week of June down 1.16%

I.Raw material and ferroalloy market

The price of Raw material and ferroalloy market

This week, the market prices of five major types of raw materials, imported mines and domestic mines rose, while pig iron, coke and scrap fell. The main ferroalloys electrolytic nickel, high chromium fell, high manganese, ferro-tungsten, ferro-vanadium, ferro-molybdenum remained unchanged, ferro-vanadium, silicon-manganese rose.

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

II.Price Index Trend of China Special Steel
1. As of June 12, the Special Steel Index was 112.5, down 1.16% from last week and 4.28% from last month.

2. The variety of synthetic index involves carbon-bonded steel, combined steel, gear steel, bearing steel, spring steel, and die steel is flat.

3. Judging from the trend of the index, the market price of U-steel may continue to run weakly 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, 8 steel mills out of the 83 U-steel producers that we tracked released price adjustment information, 7 steel mills fell, and 1 was flat. Mainly involved in the adjustment of some products such as bar and excellent wire, the decline was 20-150 yuan/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)