Weekly summary:2020 China Bearing Steel market trend in third week of June up 0.63%

Weekly summary:2020 China Bearing Steel market trend in third week of June up 0.63%

I.Raw material and ferroalloy market

The price of Raw material and ferroalloy market

This week, the market prices of five major raw materials fell . Imported ore and coke fell, while domestic ore, pig iron and scrap increased. The main ferroalloys, ferro-tungsten, ferro-vanadium, and high-manganese fell, while high-chromium and ferro-molybdenum remained unchanged, while electrolytic nickel and 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 28, the Special Steel Index was 113.2, an increase of 0.63% from the previous week and a decrease of 3.12% from the previous month.

2. The variety of synthetic index involves the rise of carbon-bonded steel, combined steel, and gear steel, while the bearing steel, spring steel, and mold steel remain the same.

3. Judging from the trend of the index, the market price of U.S. special steel may be slightly consolidated 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,ten steel mills out of the 83 U-steel producers we tracked released price adjustment information, 7 were flat and 3 were up. It mainly involves the adjustment of some products such as bar and excellent wire, with an increase of 40-80 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)