Roundup of China's Bearing Steel Market Dated from Sept 23 to 30
Resource from: CBCC Likes:3049
Oct 11,2005
From Sept. 23 to 30, the price of bearing steel is relatively stable with negative price-trend. The declination ranges from RMB 100 to RMB 400 per ton.
The price of large specification anneal in East China decreased greatly. The price of medium specification anneal in Central China falls between RMB 150 and RMB 200 per ton. At present, the whole bearing market is pessimistic. Additionally, there is less demand for bearing steel comparing with the common steel, so variety reasons result in the little business transaction volume. The price of constructing steel will continuously decrease during this week.
For one thing, it is hoped to promote before International Day but in vain. For another, the major steel facilities keep manufacturing during the International Day, so there will be more pressure on distributors. Thirdly, most customers were hesitating before placing any orders. They hope to purchase at the most favorable price.
Concerning stock, more distributors cease to get a supply to guard against overstocking. In purchase strategy, end users get a little supply according to the actual sales. So there is not much stock.
About material, the ferrochrome operates normally in the market. Currently, the quoted price in the leading factories is RMB 5800 per ton. Currently the macroeconomics is weak. Under this situation, the increasing speed of demand is lower than supply.
The price of bearing steel is relative stable with a little declination and the transaction volume of the major manufacturers is rare. The price details are listed according to the area:
In east China GCr15 made in Xingcheng and Huarui is RMB 4100-4400per ton, and GCr15 (50mm) is RMB 4400 per ton. GCr15 (100mm) anneal made in Dazhi and Xining is RMB 5700-6100per ton.
In central China, GCr15 is RMB 4010-4200per ton, GCr15 ( 100mm) anneal is RMB 5800-6000 per ton.
In western market, GCr15 made in Changte, Shigang and Dazhi is 4700-4400 and 4700 per ton separately. Cr15 (100mm) anneal is RMB 5800 per ton.
In northern market, GCr15 made in Dondte is RMB 4500per ton, GCr15 (100mm) anneal is RMB 5200-5800 per ton.
Taken together, the quoted price declines a little during this week, and the transaction volume is rare.
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