Weekly summary:2020 China Bearing Steel market trend in second week of August down 0.4%

Weekly summary:2020 China Bearing Steel market trend in second week of August down 0.4%

I.Raw material and ferroalloy market

The price of Raw material and ferroalloy market

This week, the market prices of five major types of raw materials, coke rose, while imported ore, pig iron, domestic ore and scrap fell. The main iron alloys of tungsten, ferrovanadium, high chromium, silicomanganese,and high manganese remained flat, while electrolytic nickel rose, while ferromolybdenum fell.

1. Prices of major categories of raw materials (unit: yuan/ton)

Table 1: Comparison of prices of major types of raw materials with weekly and monthly

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. As of August 14, the special steel index was 111.8, down 0.4% from last week, and down 1.73% from last month.

2. The types of synthetic index involving carbon structure steel, composite steel, gear steel, bearing steel and spring steel fell, while die steel remained flat.

3. Judging from the trend of the index, the price of the special steel market may be running in a slight consolidation 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, 13 of the 83 high-quality special steel production companies we tracked released price adjustment information, with 2 increasing, 1 unchanged, and 10 decreasing. Mainly related to the adjustment of some products such as bars and high-quality products, with a decrease of 30-160 yuan/ton and an increase of 20-30 yuan/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)