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Weekly Review of Bearing Steel Market in China

The bearing steel prices in this week kept stable. Up to Friday, the average price of continuous-casting non-annealed steel nationwide was 5694 yuan/ton, remaining almost the same level compared with the price in last weekend, and the prevailing quotations for continuous-casting non-annealed steel from the second ranking steel plants in South China was 5,300 to 5,400 yuan/ton. For now, the mentality of the bearing market was poor, and the overall industry performance was relatively weak. Although the overall steel price showed a upward trend, the room for price increases in the bearing steel market was limited. Most traders held cautious attitude towards the market outlook, the current market demand was poor, and the operating rate remained low due to the recruitment difficulties resulting from the effect of the Spring Festival, thus the sales to dealers was not optimistic. Recently, the steel price has shifted to rise, but whether the market price will go up driven by the price adjustment of steel and price rise of building materials remains uncertain. As expected, the price in the bearing steel market will keep stable with poor overall performance.

The prices in the domestic fine iron powder market stayed stable. Two Conferences (i.e. the National People''''s Congress and the Chinese Political Consultative Conference) did not have a substantial impact on the bearing market, so the market prise failed to rise as expected. But the prices in the mining market remained relatively strong as many ore-processing plants suspended production for rectification, resulting in resource constraints. The imported ore price first appeared stable then went weak while the overall trend was slightly lower. The maritime market has got warm as a whole, but the high fuel price and excess capacity situation still has adverse impact on market profits. The domestic pig iron market prices maintained a narrow range of fluctuations, and the turnover was not improved, essentially the same with last week. Inventories experienced slight increase. The direct reduced iron market kept stable as a whole while a few regions experienced price rise, and the downstream market remianed steady demand. The domestic steel prices continued the steady upward trend while most areas withnessed slight price increase, with the amount of increase about 30 yuan/ton. As the weather gets warmer, the downstream site began to work, the market transaction became better, the business mentality increasingly stabilized, and the business confidence in the market bullish was rising. The domestic scrap market was stable as a whole with slight slight price wave in some regions, and the transaction situation remained commom with no major differences in general compared with last week. The domestic PCI coal market was in the low price operation situation, the coal prices steadily declined, with the amount of decrease about 30 yuan/ton, and the deal was light.
The anthracite coal prices was in the high price operation situation, and the market remained stable as a whole. The thermal coal market continued smooth operation as a whole. The coking coal market remained the slight downward trend, the operating rate of independent coal washing enterprises in northern region showed improvement, and the ransportation costs of coking coals increased in some areas, thus improving the turnover situation. There was slight rise of coal prices in individual regions, but the coking coal market was still in the vulnerable consolidation situation. The imported coal market remained the weak trend, and the vessel arrival situation of new resources was poor, so traders feared that the market was to continue to deteriorate and tended to sell goods in lower price, thus resulting in the sharp decrease in spot quotations of some products. The common alloy market ran in weak status while the special alloy market ran in weakness consolidation status, accompanied by slight price fall of some products. The quotations of ferrochrome received less impact of the steel procurement price, and the prices stabilized, but the confidence in the domestic market remained insufficient, with the market still in the vulnerable consolidation status. The chrome ore market was in the downturn, and the turnover was reduced.

[East China Region] This week, the bearing steel prices in East China market kept stable and the market deal was light. Up to this weekend, the quotations in Hangzhou market are as follows: Xinye GCr15¦µ50-70 non-annealed steel was 5,250 yuan/ton Echeng Steel GCr15¦µ30-75 heat-treated non-annealed steel was 5,250 yuan/ton Shanghai No.5 Steel Plant GCr15¦µ26-70 heat-treated spheroidizing annealed steel was 7,300yuan/ton Xingcheng Steel GCr15¦µ50 non-annealed steel was 5,700 yuan/ton, less stock Nanjing Steel Group GCr15¦µ16-40 heat-rolled non-annealed steel was 5,300 to 5,350 yuan/ton Dongbei Special Steel GCr15¦µ30-95 hot-rolled non-annealed steel was 5,350 to 3,400 yuan/ton Shougang Group GCr15¦µ50 hot-rolled non-annealed steel was out of stock. This week, the bearing steel prices in Wuxi market went downwards on a stable basis, and the deal was common Up to this weekend, the quotations in Wuxi market are as follows: Xingcheng Steel GCr15¦µ30-75 hot-rolled non-annealed steel was 5,500 yuan/ton, out of stock Xinyegang Steel GCr15¦µ30-50 continuous casting annealed steel was 6,100 yuan/ton Beiman Steel GCr15¦µ40-75 heat-treated annealed steel was 6,150 yuan/ton Wuxi Huarun Steel GCr15¦µ50-80 hot-rolled non-annealed steel was 5,350 yuan/ton, less stock Nanjing Steel GCr15¦µ50 hot-rolled non-annealed steel was around 5,350 yuan/ton Dongbei Special Steel GCr15¦µ40-75 hot-rolled non-annealed steel was 5,400 yuan/ton.

[Central South China Region] This week, the bearing steel prices in Luoyang market kept stable and the deal was light. Up to this weekend, the quotations in Luoyang market are as follows: Shijiazhuang Steel GCr15¦µ16-50 heat-treated annealed steel was 6,500 yuan/ton and GCr15¦µ24-50 continuous casting non-annealed steel was 5,500yuan/ton Xinyegang Steel GCr15¦µ50-130 die-casting non-annealed steel was 7,700yuan/ton, out of stock Changcheng Special Steel GCr15¦µ45 continuous casting annealed steel was 6,500 yuan/ton, out of stock, and the die-casting non-annealed steel was 5,500 yuan/ton Xining Steel GCr15¦µ25-70 continuous casting non-annealed steal was 5,500 yuan/ton. This week, the bearing steel prices in Wuhan market kept stable and the deal was common. Echeng Steel GCr15¦µ14-30 non-annealed steel was 5,350 yuan/ton Xinyegang Steel GCr15¦µ80-110 continuous casting non-annealed steel was 5,950yuan/ton, GCr15¦µ40-75
continuous casting non-annealed steel was 5,900 yuan/ton, and the die-casting annealed steel was 7,800 yuan/ton.

[North China Region] This week, the bearing steel prices in Shenyang market kept stable and the deal was common. Up to this weekend, Dongbei Special Steel GCr15¦µ25-60 continuous casting non-annealed steel was 5,400 yuan/ton, out of stock Dongbei Special Steel GCr15¦µ25-40 continuous casting annealed steel was 6,800 yuan/ton Benxi Steel ¦µ70-130 continuous casting steel was 5,250 yuan/ton, Benxi Steel GCr15¦µ150-180 die-casting annealed steel was 7,200 yuan/ton. This week, the bearing steel price in Harbin market maintained stable and the deal was common. Benxi Steel GCr15¦µ50-75 heat-treated annealed steel was 6,900 yuan/ton, out of stock Dongbei Special Steel GCr15¦µ50 heat-treated annealed steel was out of stock Dongbei Special Steel GCr15¦µ40-75 continuous casting non-annealed steel was 5,750 yuan/ton.

[Southwest China Region] This week, the bearing steel prices in Chengdu market kept stable and the market resources were not sufficient. Up to this weekend, Changcheng Steel GCr15¦µ80-130 continuous casting annealed steel was 6,450 yuan/ton Xining Steel ¦µ150-200 die-casting annealed steel was 7,800 yuan/ton, out of stock Xining Steel GCr15¦µ30-75 continuous casting annealed steel was 6,500 yuan/ton, less stock. This week, the bearing steel prices in Chongqing market remained stable. Donghua Special Steel GCr15¦µ20-30 heat-treated annealed steel was out of stock Xining Steel ¦µ80-120 rolled annealed steel was 6,600 yuan/ton, out of stock Changcheng Steel GCr15¦µ30-65 continuous casting non-annealed steel was 5,800 yuan/ton, some of GCr15¦µ30-65 continuous casting annealed steel
was 6,600 yuan/ton Xining Steel ¦µ80-150 forged annealed steel was 7,600 yuan/ton, less stock.
DateŁş2012-3-19 Visited Times:7286