Weekly Review of Bearing Steel Market in China (8th, Dec to 15th, Dec，2017)
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Dec 20,2017
Weekly Review of Bearing Steel Market in China (8th, Dec to 15th, Dec，2017)
I.Macro News
China Market News
Iron Ore Prices rise up Before New Year's Day
After a sharp fall last week， iron ore futures remained in tight range this week. As of yesterday's close, iron ore futures traders 1805 contract to close at 506 yuan / ton, closing price rose 0.6% than the previous day,analysts think, New Year's Day is approaching,maybe Steel mills will refill supplies before the holiday，at present，miners’ willingness to raise prices is obvious, maybe there is a new round of increase before the holiday .
Market Price Trend of Coal This Year: Overall in the High Position
This year, the market price trend of coal is changeable; Coal prices have dropped in the peak season,the traditional off-season of civilian electricity,coal prices have risen sharply. Comprehensive analysis,tight and relaxed coastal coal transport, power plant coal storage and storage of coal in ports and so on,which all affect coal market price. This year, The market price of coal closely related with seasons and transportion and replenishment conditions.
International News
Indian Iron and Steel Authority Formally Approved ArcelorMittal's Automotive Steel Joint Venture Project
Indian steelmaker India's Iron and Steel Authority announced on Wednesday ,the company's board of directors has officially approved a joint venture with ArcelorMittal, the world's largest steelmaker, to establish a project to manufacture high-end automotive steel mills;
At a meeting on December 12, 2017, the Steel Authority's board of directors agreed to sign a non-legally binding preliminary agreement with ArcelorMittal S.A. Under the agreement, the two sides will build a new joint-stock steel manufacturer of automotive steel.Indian Iron and Steel Authority said.
GCC China made a preliminary ruling on the anti-dumping case of seamless steel pipe On December 5, 2017, the GCC Secretariat of International Trade Against Harmfulness issued a public notice ,made a preliminary decision for anti-dumping case on seamless iron pipe and steel pipe products. The preliminary ruling concluded that the relevant corporate tax rates were as follows: Tianjin Steel ipe 33.5%, Anhui Tianda 30.5%, Hualing 95.4%, cooperative enterprise tax rate 38.5%, other corporate tax rate 103%.
II.Raw material and ferroalloy market
The price of Raw material and ferroalloy market
This week, among the five categories of raw materials, the prices of imported ore，domestic ore,coke and scrap steel rose ; that of pig iron remained flat. The main ferroalloy high chromium, tungsten iron remained flat. Silica, manganese, vanadium and iron rose. Ferrovanadium, electrolytic nickel declined.
2.1 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.
2.2 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 8nd December , the price index of special steel reached to 140, 0.57% rise over last week and up 11.95% over last month.
2. Synthetic index of carbon steel and gear steel , bearing steel, spring steel and die steel keep increasing.
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 11 mills released ex-factory pricing information, 7 mills raised
V. Price of Superior Special Steel
their ex-factory prices ,2 mills remained flat,2 mills declined. The ex-factory adjustment of price only involved products such as a few bars and optimal wire rods, with the increasing of 50-260yuan/ton and the declining of 0-50yuan/ton.
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)
2.2 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 8nd December , the price index of special steel reached to 140, 0.57% rise over last week and up 11.95% over last month.
2. Synthetic index of carbon steel and gear steel , bearing steel, spring steel and die steel keep increasing.
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 11 mills released ex-factory pricing information, 7 mills raised
V. Price of Superior Special Steel
their ex-factory prices ,2 mills remained flat,2 mills declined. The ex-factory adjustment of price only involved products such as a few bars and optimal wire rods, with the increasing of 50-260yuan/ton and the declining of 0-50yuan/ton.
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.
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