Weekly Review of Bearing Steel Market in China (15th, Dec to 22nd, Dec，2017)
China Market News
The PBC of Communist Party held an enlarged meeting to swiftly convey the spirit of the central economic work conference On December 21. It was pointed out that we continue to stick to seek improvement in stability's general tone and implement a prudent and neutral monetary policy for maintaining proper growth in the size of monetary credit and social financing.
Real estate long-term mechanism may wish to build faster. According to reports, the Central Economic Work Conference pointed out that it is necessary to improve the long-term mechanism to promote the steady and healthy development of the real estate market, maintain the continuity and stability of regulatory policies in the real estate market, clarify the powers of the central and local authorities and implement differential control. The industry believes that from the demand side perspective, real estate taxes or long-term mechanism is an important part.
International News
On June 28,The news that China has banned some ports from trading in coal imports on July 1 caused widespread market debate. According to the market investigation of Shanghai steel coal mining business unit, make sure the news is true.India has taken measures to protect against Chinese imports.
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，pig iron,coke and scrap steel remained flat ; that of domestic ore remained flat. The main ferroalloy high chromium, tungsten iron , manganese, vanadium and iron rose.Silica declined. Ferrovanadium and manganese remained flat.
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.
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 15 mills released ex-factory pricing information, 7 mills declined their ex-factory prices ,5 mills remained flat, 3 mills raised. The ex-factory adjustment of price only involved products such as a few bars and optimal wire rods, with the increasing of 0-300yuan/ton and the declining of 30-200yuan/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)
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.
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.
