Weekly Review of Bearing Steel Market in China (Nov 3 to Nov 10，2017)
Resource from: CBCC Likes:200
Nov 21,2017
Weekly Review of Bearing Steel Market in China (Nov 3 to Nov 10，2017)
I. Macro News
China Market News
China Automobile Association: auto sales of China increased by 2.0% in October
On Nov 10th, the data of China Automobile Manufacturers Association shows:car sales of China up 2.0% in October, increased by 4.1% From January to October. Among them,Passenger car sales in China increased 0.4% in October, with passenger car sales up 2.1% from January to October. Chinese sales of new energy vehicle in October increased by 106.7% compared with the same period of last year. The sales of new energy vehicles from January to October increased by 45.4%.
The most stringent environmental protection supervision of history lasts 7 months , there are still illegal sewage companies.
By 9th, intensified inspections on the prevention and control of atmospheric pollution in "2 + 26" cities in Beijing, Tianjin and the surrounding areas by the Ministry of Environmental Protection (Short name below: intensified supervision) took place for a total period of seven months. Ministry of Environmental Protection notified on the 9th, there are still some companies illegal sewage. In fact, in a circular issued by the Ministry of Environmental Protection nearly a week, enterprises were named for illegal sewage disposal.
International News
U.S. Department of Commerce imposed anti-dumping duties on steel screws imported from China
In a notice published in the Federal Register on Tuesday, November 7, the U.S. Commerce Department said that in the final result of the administrative review, the MOFCOM decided to impose a 5.4% anti-dumping duty on Tianjin Port Free Trade Zone Tianjin Star International Trade Co., Ltd.
Indian domestic debates over whether to import scarce rails from abroad
The dispute between the Indian steel ministry and the Ministry of Railways over whether or not to purchase domestically scarce railroads from overseas during the construction of the state-owned railway network ,which will seriously affect the efforts of Prime Minister NarendraModi to promote the domestic infrastructure construction in India in recent years.
II. Raw material and ferroalloy market
I. The price of Raw material and ferroalloy market
This week, among the five categories of raw materials, the prices of pig iron，domestic ore and coke declined; that of imported ore and scrap steel rose.The price of iron alloy high manganese ,tungsten iron,electrolytic nickel and ferrosilicon decreased last week; the price of high chrome remain flat; that of molybdenum iron，vanadium increased.
1.Price of five raw materials(unit: RMB yuan/ton )
Form 1: Price Comparison of Five Raw Materials by Week and by Month
Remark: the data of imported ore come from 63% of Indian ore in Tianjin ports; the data of domestic ore is from 66% of Hebei iron power; the data of pig iron is from the average price including tax of pig iron for steel making ;The data of scrap steel is from the average price including tax of of scrap steel of 6-8mm thick; the data of coke from the ex-factory price (including tax) of the secondary metallurgical coke of Tangshan.
2.Prices of Ferroalloy (unit: RMB yuan/ton )
Form 2: Price Comparison of Ferroalloy by Week and by Month
III. Price Index Trend of China Special Steel
1. Up to December 2nd , the price index of special steel reached 124, up 0.77% over last week and up 1.81% over last month.
2. Synthetic index of carbon steel and gear steel keep increase, bearing steel, spring steel and die steel keep flat.
3. According to the trend of price index, the price of special steel will run up 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.
IV. Ex-factory Price Tracking of Superior Special Steel Manufacturers
This week, we tracked 83 superior special steel manufacturers, of which 7 mills released ex-factory pricing information, 4mills raised their ex-factory prices ,3mills remained flat. The ex-factory adjustment of price only involved products such as a few bars and optimal wire rods, with the increasing of 20-50yuan/ton.
V. 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)
3.Price Tracking of Superior Plate and Strip in a Week(unit: RMB yuan/ ton)
4. Price Tracking of Other Special Steel in a Week(unit: RMB yuan/ ton)
2.Prices of Ferroalloy (unit: RMB yuan/ton )
Form 2: Price Comparison of Ferroalloy by Week and by Month
III. Price Index Trend of China Special Steel
1. Up to December 2nd , the price index of special steel reached 124, up 0.77% over last week and up 1.81% over last month.
2. Synthetic index of carbon steel and gear steel keep increase, bearing steel, spring steel and die steel keep flat.
3. According to the trend of price index, the price of special steel will run up 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.
IV. Ex-factory Price Tracking of Superior Special Steel Manufacturers
This week, we tracked 83 superior special steel manufacturers, of which 7 mills released ex-factory pricing information, 4mills raised their ex-factory prices ,3mills remained flat. The ex-factory adjustment of price only involved products such as a few bars and optimal wire rods, with the increasing of 20-50yuan/ton.
V. 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)
3.Price Tracking of Superior Plate and Strip in a Week(unit: RMB yuan/ ton)
4. Price Tracking of Other Special Steel in a Week(unit: RMB yuan/ ton)
(CBCC)
【CBCC News Statement】
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.
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.
Previous Varvel Offers RS and RT Series Worm Gearboxes
Next Zero-Max Load Adaptors Connect Pump Impellers in Underwater Applications
Next Zero-Max Load Adaptors Connect Pump Impellers in Underwater Applications
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
