Weekly summary:2018 China Bearing Steel market trend in first week of November down 0.8%

Weekly summary:2018 China Bearing Steel market trend in first week of November down 0.8%

I. 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, scrap steel and domestic ore increased, coke remained flat and pig iron decreased. The main ferroalloy silica increased, tungsten iron and electrolytic nickel decreased, ferrovanadium, high chromium , high-manganese remained flat.

1.1 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.

1.2 Prices of Ferroalloy (unit: RMB yuan/ton )

Form 2: Price Comparison of Ferroalloy by Week and by Month

II.Price Index Trend of China Special Steel

1. Up to 2nd Nov,the price index of special steel reached to 127, 0.8% down over last week and down 1.39% over last month.

2. Synthetic index of carbon steel, gear steel and bearing steel decreased, spring steel remained flat, mould steel increased.

3. According to the trend of price index, the price of special steel will be dominated by the weak price 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.

III.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, 1mill remained flat, and 10 mills decreased. The ex-factory adjustment of price only involved products such as a few bars and optimal wire rods, with the decreasing of 50~80yuan/ton and the increasing of 0~20yuan/ton.

IV. 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)