China Bearing Steel Market in October Will Remain Weakly Volatile
Resource from: CBCC Likes:189
Oct 24,2017
Summary: According to the data of year-on-year growth from January to August, the yields of Chinese crude bearing steel increased by 12.16%, Bearing steel increased by 6.27%, and exports rose by 0.97%. Review the bearing steel market of Sep, Bearing Steel Prices are climbing again, up 150-300 RMB/Ton, because of the great pressure under the Environment policy of Chinese government. So far, the lowest price for casting unannealed material is 4650RMB/ton, 5000RMB/Ton and 6500RMB/Ton corresponding to Middle grade and High-grade material. Environmental pressure continues, and some small and medium-sized enterprises have been forced to suspend production because of substandard environmental protection. However, the environmental policy has little influence on the supply of bearing steel, but the demand has been reduced accordingly.
"Golden September， Silver October" seems to have been out of date, with the increase of the production output as well as market stock, the bearing steel market of Oct will remain weakly volatile with no obvious signs of rising.
1.The Domestic Yields of Bearing Steel
1.1 Yields From January to August: Crude bearing steel and bearing steel both increased comparing to last year.
As the data shows from China Steel, the output of crude bearing steel reach up to 2,075,400 tons from Jan to Aug, 2017, rised by 12.16% compared to 2016. The yields of bearing steel is 1,979,100 tons, which is increased by 6.27% year-on-year growth. Details refer to Pic 1:
1.2 Yields datas of The finished steel From Jan to Aug: Increased year-on-year .
From Pic 2, the yields from ZHONGXING Bearing Steel(XINYE and XINCHENG), JUNENG and BENTE are the top three companies ahead of others, and these three contributes 59% of the yields.The total yields of bearing steel was still growing , Outputs from ZHONGXING Bearing Steel, JIGANG,Xing Bearing Steel, SHIGANG, JIANLONG and ZHONGXING Bearing Steel were incerased separately.
2.Performance of China Bearing Steel Market
Statistics from ten major bearing steel manufacturers shows that, From Jan,2017 to Aug,2017, the exports of bearing steel was 85,229 tons, a 18.42% drop (that is 19,842 tons) than last year. The exports of bearing steel was 11,834tons, down 469 tons than last month.The volume decreased by 3.81% year-on-year and also decreased by 3.06% comparing the last year. Pic 3 shows the bearing steel export variation since 2016, now the exporters mainly centered by XINGCHENG, DAYE and DONGTE ，And XINCHENG contributes most of the volume with 11,085tons. At present domestic prices continue to rise sharply, export pressures are on the high side, steel mills continue to shrink the volume of foreign trade, and later domestic exports may decline.
3.Related Market Information
3.1 Raw Material Price
In September, the price of imported minerals fell to 64.7dollars/ton. While the market price of general carbon and rust steel remained higher to 1553RMB/ton, which was increased by 4.72% comparing with last month. The price of high carbon ferrochrome pulled back and the average price was 8653RMB/ton at the end of this month. With the influence of Safety and environment policy, The raw material price was estimated weakly volatile
3.2 Downstream Industry
Statistics from China Automobile Industry Association: The overall sales volume of Aug, 2017 increased compared both with the previous quarter and the same period a year before. From January to August, the growth of auto productionkeeps in 4%~5%, commercial vehicles still increased by 15%~17% year on year growth . In August, the yields of autos reach to20,926,000 units, the result is increased by 1.61% comparing with last year, and increased by 4.84% year-on-year . Sales volume reaches to 2,186,000units, the result increased by 10.89% comparing with last year, and increased by 5.27% year-on-year . From January to August,both yields and sales volume is 1,767,830 units and 1,751,110units. It is increased by 4.67% and4.25% year-on-year growth.
4.Conclusion
Review of the bearing steel market in September, the price of the bearing steel was up slightly ,and demand growth disappoints. Under the pressure of Chinese Environment policy, downstream manufacturing industries，logistics industries in Shandong, Jiangsu, Zhejiang area were affected, that leads to shrinkage of the demands.
With the influence of environmental policy and the major steel factory prices continue to rise, bearing steel market prices is expected to or will remained relatively shock in October.
1.2 Yields datas of The finished steel From Jan to Aug: Increased year-on-year .
From Pic 2, the yields from ZHONGXING Bearing Steel(XINYE and XINCHENG), JUNENG and BENTE are the top three companies ahead of others, and these three contributes 59% of the yields.The total yields of bearing steel was still growing , Outputs from ZHONGXING Bearing Steel, JIGANG,Xing Bearing Steel, SHIGANG, JIANLONG and ZHONGXING Bearing Steel were incerased separately.
2.Performance of China Bearing Steel Market
Statistics from ten major bearing steel manufacturers shows that, From Jan,2017 to Aug,2017, the exports of bearing steel was 85,229 tons, a 18.42% drop (that is 19,842 tons) than last year. The exports of bearing steel was 11,834tons, down 469 tons than last month.The volume decreased by 3.81% year-on-year and also decreased by 3.06% comparing the last year. Pic 3 shows the bearing steel export variation since 2016, now the exporters mainly centered by XINGCHENG, DAYE and DONGTE ，And XINCHENG contributes most of the volume with 11,085tons. At present domestic prices continue to rise sharply, export pressures are on the high side, steel mills continue to shrink the volume of foreign trade, and later domestic exports may decline.
3.Related Market Information
3.1 Raw Material Price
In September, the price of imported minerals fell to 64.7dollars/ton. While the market price of general carbon and rust steel remained higher to 1553RMB/ton, which was increased by 4.72% comparing with last month. The price of high carbon ferrochrome pulled back and the average price was 8653RMB/ton at the end of this month. With the influence of Safety and environment policy, The raw material price was estimated weakly volatile
3.2 Downstream Industry
Statistics from China Automobile Industry Association: The overall sales volume of Aug, 2017 increased compared both with the previous quarter and the same period a year before. From January to August, the growth of auto productionkeeps in 4%~5%, commercial vehicles still increased by 15%~17% year on year growth . In August, the yields of autos reach to20,926,000 units, the result is increased by 1.61% comparing with last year, and increased by 4.84% year-on-year . Sales volume reaches to 2,186,000units, the result increased by 10.89% comparing with last year, and increased by 5.27% year-on-year . From January to August,both yields and sales volume is 1,767,830 units and 1,751,110units. It is increased by 4.67% and4.25% year-on-year growth.
4.Conclusion
Review of the bearing steel market in September, the price of the bearing steel was up slightly ,and demand growth disappoints. Under the pressure of Chinese Environment policy, downstream manufacturing industries，logistics industries in Shandong, Jiangsu, Zhejiang area were affected, that leads to shrinkage of the demands.
With the influence of environmental policy and the major steel factory prices continue to rise, bearing steel market prices is expected to or will remained relatively shock in October.
(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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