Weekly summary:2019 China Bearing Steel market trend in first week of March up 0.19%
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 increased, coke remained flat, domestic ore, scrap steel and pig iron decreased. The main ferroalloy high chromium, , tungsten iron, and ferrovanadium decreased, high-manganese remained flat, electrolytic nickel, silica and ferromolybdenum increased .
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 1st March,the price index of special steel reached to 118.65, 0.19% up over last week and up 2.24% over last month.
2. Synthetic index of carbon steel and gear steel increased , and spring steel remained flat,bearing steel and mould steel decreased.
3. According to the trend of price index, the price of special steel will be based on small consolidation next week.
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