Bearing steel crude steel production rise also affects the price of the 31308 bearing
In 2021, the domestic crude steel output of bearing steel will increase by 18.95%
year-on-year, and the bearing steel output will increase by 18.84% year-on-year. Reviewing the bearing steel market in February, THE price of GCr15 medium and high-end materials is relatively firm, the price of low resources is narrow range shock, and the demand recovery is relatively slow. Up to now, the average price of domestic bearing round steel 50mm(continuous casting) is 6555 yuan/ton, up 12 yuan/ton from the end of January, up 1.83% month on month. With the continuous recovery of market demand in March, and the high cost of the new arrival of the market in late March, bearing steel market price is expected to shock or small pull up but also facing supply and inventory pressure.
At present, the largest bearing steel production enterprises are CITIC Special Steel (Xingcheng Special Steel, Daye Special Steel, Qingdao Iron and Steel), Zhongtian and Bensteel, accounting for 60% of the total output. In 2021, the overall output of bearing steel is increasing, jiu yuan, Xing Steel, Stone Steel, Beiman, Shagang, Xining, Nan Steel, Zhongtian and other steel production has increased compared to the same period last year, only Jianlong, Bensteel, Juneng, zhongtian and other steel production has decreased. According to the feedback from all production enterprises at this stage, steel mills are in normal production in February, and the supply of bearing steel is expected to increase slightly in February.
February iron ore prices rose and then fell, now 62% Australian powder index at $138.2 / dry ton. With the further narrowing of the gap between supply and demand, there is a trend of destocking in the total warehouse. However, due to the high current port inventory, there is still a large room for destocking in March, and the
port inventory mainly fluctuates slightly. Domestic scrap shock up, the end of the average price of 3161 yuan/ton. With the resumption of electric arc furnace steel production, scrap prices as a whole is still relatively firm. After the holiday, a large number of infrastructure projects resume construction, real estate policies have slowed down, construction steel volume increased significantly, supporting scrap steel prices, scrap steel market may be stable and strong operation, currently need to pay attention to downstream enterprises resume work and electric arc furnace steel costs and profits; High carbon ferrochrome market continued to rise, the end of the price at 8711 yuan/ton. After the downstream iron factory replenishes raw material inventory inquiries, coupled with the tradable spot inventory being more limited, traders' stand-up mentality is strong, the transaction center of gravity gradually moved up.
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The two inputs that affect production are raw materials and employee wages.
In the early months of the coronavirus outbreak, steel demand fell. The sharp decline has led many steel mills to limit production. An early decline in production and a rebound in economic activity exacerbated price volatility.
Wages are adjusting across China as factory workers have more job options. A growing service sector and opportunities closer to home are forcing factories to raise wages to attract talent.
As one of the first countries to recover from the virus, China is benefiting from increased exports... Resulting in a shortage of containers and space on ships.
Containers - The trade imbalance is reflected in the number of empty containers sitting in U.S. yards, while China scrambles to find available ones.
Shipping - Chinese manufacturers are rushing to get their products to customers before the Lunar New Year. This year, rising exports and a two-week holiday have forced premium fees for shipping space.
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The market demand of 31308 bearing?
The global 31308 bearing market value in 2020 is 123.34 billion U.S. dollars and is expected to reach 153.62 billion U.S. dollars by 2027, and the compound annual growth rate will also increase steadily.
A 31308 bearing is a mechanical element that supports relative movement and helps reduce friction caused between moving parts. Bearings are widely used in various industries such as automobiles, wind turbines, construction machinery, mining machinery, agricultural equipment, and machine tools. It is used in automobiles to ensure smooth driving of automobiles, electric vehicles (EV) and other types of vehicles (such as light commercial vehicles and heavy vehicles such as trucks). Due to the increasing utilization of bearing 31308 bearing in various end-use industries, rolling mills and electric vehicles, the global 31308 bearing market has become more and more important. The development of technology has improved the overall efficiency of bearing products in the field and extended the product shelf life.
About Eric Bearing Limited
Since the establishment of
ERIC BEARING LIMITED
in 2011, Eric Bearing Co., Ltd. has established partnerships with some distributors who have authorized world-renowned manufacturers, such as Swedish SKF bearings, German FAG and INA bearings, and so on. Compared with other competitors, our 31308 bearing price is very competitive, 30% lower than the customer local market. We have set up multiple branch warehouses in Hong Kong Free Port, Shanghai Port and Guangzhou Port. We have more than 8 years of export experience can help you find the ideal purchasing solution. Various brands of bearings have abundant stocks, if you are interested, please feel free to contact us.
Looking for the 31308 bearing or get more information about any other bearings, please send an email to