Our Water Pump Bearing is good in quality and competitive in price. We are manufacturer and supplier of Water Pump Bearing following your specific requirement. We are looking forward to your
E-mail and establishing cooperative relationship with you! We would
provide professional Water Pump Bearing with good services for you! Water Pump Bearing, Automotive Water Pump Bearings, Water Pump Shaft Bearing NINGBO BORINE MACHINERY CO.,LTD , https://www.borine-agroparts.com
Yesterday, the Chinese steel market showed a slight upward trend in prices. According to the monitoring data from China Steel Net, the average price of 6.5mm high line across the country reached 3,524 yuan/ton, an increase of 12 yuan/ton compared to the previous day. The average price for 20mm second-grade rebar was 3,541 yuan/ton, up by 11 yuan/ton, while the 20mm third-grade rebar averaged 3,548 yuan/ton, rising by 14 yuan/ton. For plates, the 8mm Puzhong plate reached 3,753 yuan/ton, up 5 yuan/ton, and the 20mm Puzhong plate stood at 3,483 yuan/ton, an increase of 4 yuan/ton. The 20mm low-alloy plate averaged 3,657 yuan/ton, up 3 yuan/ton. In the hot rolled coil segment, the 3.0mm grade rose to 3,615 yuan/ton, gaining 8 yuan/ton, while the 4.75mm grade climbed to 3,537 yuan/ton, up 9 yuan/ton from the previous day.
Market conditions remained strong, driven by both steel and raw material prices. Spot prices stabilized and consolidated as demand slightly increased. Many infrastructure projects across the country are starting up, providing positive momentum for the market. However, demand in northern regions has seen a sharp decline, which may have a more significant impact on the market. The price advantage from these areas could lead to intensified competition. In the short term, prices are expected to continue rising due to the weak supply-demand balance.
From a cost perspective, the price of billet in Tangshan increased by 10 yuan/ton yesterday. This morning, the local ex-factory price for 150mm carbon billets is now 3,030 yuan/ton. Finished materials in Tangshan are still on the rise, with fair trading activity. Downstream industries are increasing their purchases of billets, improving market sentiment and business enthusiasm. It's expected that the billet market in Tangshan will continue to strengthen, and attention should be paid to today’s billet tendering by Yansteel.
In terms of news, the Customs Information Center of the People's Republic of China recently released the “Summary of the Economic Situation in the First Three Quarters of 2013 and the Analysis Report on China’s Import and Export Trade Situation (Autumn Report)â€. This report analyzed the import and export trade of the first three quarters of 2013, including macroeconomic operations and key characteristics of the trade structure. It noted that the 7.7% growth rate in China's foreign trade this year showed a "V-shaped" recovery, influenced by international currency appreciation and economic slowdowns in emerging markets. In September, China's exports declined again. Considering both domestic and international factors, the report estimates that China's import and export growth will reach about 7.8% this year, with total trade volume reaching between 4.1 trillion and 4.2 trillion U.S. dollars.
Overall, the market continued to show a rising trend yesterday. With low inventory levels and stronger cost support, combined with higher raw material prices, there is still potential for further price increases in the near future.