Weekly summary:2020 China Bearing Steel market trend in first week of July up 1.07%

Weekly summary:2020 China Bearing Steel market trend in first week of July up 1.07%

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, coke fell, and imported ore, domestic ore, pig iron, and scrap rose. The main ferroalloys ferro-tungsten, ferro-vanadium, high chromium, and electrolytic nickel fell, while high manganese and ferro-molybdenum remained unchanged, 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 July 3, the Special Steel Index was 114.4, up 1.07% from last week and down 0.82% from last month.

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

3. Judging from the trend of the index, the market price of U-Steel may continue to be slightly adjusted 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, 14 steel mills out of the 83 U-steel producers that we tracked released price adjustment information, one fell and 13 rose. It mainly involves the adjustment of some products such as bar and premium wire, with an increase of 30-150 yuan/ton and a decrease of 0-50 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)