China Bearing Steel Market in May 2017 Will be stable
Resource from: CBCC Likes:259
May 11,2017
Summary: According to the data of year-on-year growth for January and March : the yields of Chinese crude bearing steel increased by 28.91%; Bearing steel increased by 23.29%, and the export on the contrary decreased by 32.46%. Turn back to the bearing steel market of April, the prices as a whole has dropped, the range of CNY 300-400 / ton. For the time being the lowest price for casting unannealed material is 3850RMB/ton, the price for the middle is 4300RMB/ton and the highest is 5800RMB/ton.Now everyone generally pay more attention to the macro side of the policy changes. Spotlight will bring increase again in the short term. Steel mills will actively also boost the increase. But considering the capacity release policy is still ongoing for all the steel companies, furthermore, the supply and demand is imbalanced. We estimated that the market turmoil for May bearing steel will be stable,rising space is limited.
1.The Domestic Yields of Bearing Steel
1.1 Yields of January and March: Crude bearing steel and bearing steel were all increased comparing to last year.
As the data shows from China Steel, from January to March of 2017, the yields for crude bearing steel reach to797, 5 00 tons, which increased by 28.91% year-on-year growth. The yields for bearing steel meets 770,100 tons, which increased by 23.29% year-on-year growth. Details are shown in image 1:
1.2 The complete bearing yields of manufacturers from January to March : increased year-on-year growth.
As we can see from image 2,the yields from ZHONGXING Bearing Steel(XINYE and XINCHENG), JUNENG and BENTE are the three companies ahead of others, and these three contributes 59% of the yields.The total yields of bearing steel was still growing, especially for ZHONGXING Bearing Steel, ZHONGTE and South Bearing Steel year-on-year growth.
2.Performance of China Bearing Steel Market
2.1 The Export of Bearing Steel declined year-on-year growth on March
Resources from 10 China bearing steel manufacturers：
From January to March, the export quantity of bearing steel was 26,486 tons, down 12,728 tons than the same period of last year. The volume decreased by 32.46% year on year. On March, the export quantity of bearing steel was 8225tons, down 262tons than last month.The volume decreased by 38.69% year-on-year and also decreased by 3.09% comparing the last year.
Image 3 shows the difference of the export since 2016, now the exporters mainly centered by XINGCHENG and DAYE . And XINCHENG contributes most of the volume at 7865tons, also the biggest.
2.2 The Market Price of Bearing Steel Was Down In April
The market price of bearing steel was sluggish in April. Most of the steel mills have made a cut on the ex-factory price with a larger range. Because of its impact, the price trend is weak, and the performance of downstream demand is also weak .But now production efforts is greater, the supply and demand is imbalance, which caused greater sales pressure to traders. The market has accumulated a certain rebound kinetic energy because of the price continuing fall sharply in the short term. But because the current rate of decline of inventory is less than expected,We estimated that the market turmoil for May bearing steel will be slightly pulled up with the limited range.
3.Related Market Information
3.1 Crude Materials Price
In April, the imported price of minerals fell sharply to 67.85dollars/ton. While the market price general carbon and steel scrap dropped to 1411RMB/ton, which was decreased by 6.37% comparing with last month. There was weak operation to the price of high carbon ferrochrome, the average price was 9662RMB/ton at the end of this month. On the whole, the inventory pressure is expected to ease with the improvement of supply and demand . So in May ,the materials of the bearing steel will also take shock operation .
3.2 Related Industries
Statistics from China Automobile Industry Association: March, 2017, the overall sales volume was showed a rapid growth , but it’s slightly decreasing year-on-year growth.
From January to March, both auto production and sales are increasing in a stable rate than last year, commercial vehicles increased significantly year on year growth . In March, the yields of autos reach to 2,604,000 units, the result is increased by 20.58% comparing with last year, and increased by 3.04% year-on-year . Sales volume reaches to 2,542,900units, the result increased by 31.13% comparing with last year, and increased by 3.98% year-on-year . From January to March,both yields and sales volume is 7,133,100 units and 7,002,000units. It is increased by 7.99% and 7.02% year-on-year growth.
3.Conclusion
Turn back to April,The overall steel environment has weakened, most of the steel mills do a more substantial reduction to the factory price in the range of 300-500 yuan / ton. The inventory has increased, the turnover performance was sluggish.At present, the price of GCr15 and 45 # carbon steel is widening, reaching 800-1100 yuan / ton, making the end-user procurement more cautious, wait and see mood is more intense.Recently, major steel mills have significantly reduced production and maintenance, oversupply is still a sharp problem, the demand of downstream business can not be substantially pick up in short time.At present, the performance of construction machinery, automotive industry, electrical industry and other downstream industry is not satisfactory, steel plant and forging plant are basically on-demand procurement, there is no large quantities of stocking in advance.Now, the price of screw thread, carbon steel and others has fallen to a relatively low. Because of continuing to fall sharply, the market accumulated a certain rebound kinetic energy in the short term , the price gets some support.Totally, We estimate that the price of bearing steel is generally stable in May,some steel mills due to more full orders,may be slightly pushed up.
1.2 The complete bearing yields of manufacturers from January to March : increased year-on-year growth.
As we can see from image 2,the yields from ZHONGXING Bearing Steel(XINYE and XINCHENG), JUNENG and BENTE are the three companies ahead of others, and these three contributes 59% of the yields.The total yields of bearing steel was still growing, especially for ZHONGXING Bearing Steel, ZHONGTE and South Bearing Steel year-on-year growth.
2.Performance of China Bearing Steel Market
2.1 The Export of Bearing Steel declined year-on-year growth on March
Resources from 10 China bearing steel manufacturers：
From January to March, the export quantity of bearing steel was 26,486 tons, down 12,728 tons than the same period of last year. The volume decreased by 32.46% year on year. On March, the export quantity of bearing steel was 8225tons, down 262tons than last month.The volume decreased by 38.69% year-on-year and also decreased by 3.09% comparing the last year.
Image 3 shows the difference of the export since 2016, now the exporters mainly centered by XINGCHENG and DAYE . And XINCHENG contributes most of the volume at 7865tons, also the biggest.
2.2 The Market Price of Bearing Steel Was Down In April
The market price of bearing steel was sluggish in April. Most of the steel mills have made a cut on the ex-factory price with a larger range. Because of its impact, the price trend is weak, and the performance of downstream demand is also weak .But now production efforts is greater, the supply and demand is imbalance, which caused greater sales pressure to traders. The market has accumulated a certain rebound kinetic energy because of the price continuing fall sharply in the short term. But because the current rate of decline of inventory is less than expected,We estimated that the market turmoil for May bearing steel will be slightly pulled up with the limited range.
3.Related Market Information
3.1 Crude Materials Price
In April, the imported price of minerals fell sharply to 67.85dollars/ton. While the market price general carbon and steel scrap dropped to 1411RMB/ton, which was decreased by 6.37% comparing with last month. There was weak operation to the price of high carbon ferrochrome, the average price was 9662RMB/ton at the end of this month. On the whole, the inventory pressure is expected to ease with the improvement of supply and demand . So in May ,the materials of the bearing steel will also take shock operation .
3.2 Related Industries
Statistics from China Automobile Industry Association: March, 2017, the overall sales volume was showed a rapid growth , but it’s slightly decreasing year-on-year growth.
From January to March, both auto production and sales are increasing in a stable rate than last year, commercial vehicles increased significantly year on year growth . In March, the yields of autos reach to 2,604,000 units, the result is increased by 20.58% comparing with last year, and increased by 3.04% year-on-year . Sales volume reaches to 2,542,900units, the result increased by 31.13% comparing with last year, and increased by 3.98% year-on-year . From January to March,both yields and sales volume is 7,133,100 units and 7,002,000units. It is increased by 7.99% and 7.02% year-on-year growth.
3.Conclusion
Turn back to April,The overall steel environment has weakened, most of the steel mills do a more substantial reduction to the factory price in the range of 300-500 yuan / ton. The inventory has increased, the turnover performance was sluggish.At present, the price of GCr15 and 45 # carbon steel is widening, reaching 800-1100 yuan / ton, making the end-user procurement more cautious, wait and see mood is more intense.Recently, major steel mills have significantly reduced production and maintenance, oversupply is still a sharp problem, the demand of downstream business can not be substantially pick up in short time.At present, the performance of construction machinery, automotive industry, electrical industry and other downstream industry is not satisfactory, steel plant and forging plant are basically on-demand procurement, there is no large quantities of stocking in advance.Now, the price of screw thread, carbon steel and others has fallen to a relatively low. Because of continuing to fall sharply, the market accumulated a certain rebound kinetic energy in the short term , the price gets some support.Totally, We estimate that the price of bearing steel is generally stable in May,some steel mills due to more full orders,may be slightly pushed up.
(CBCC)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
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