The continuous fluctuation of steel futures prices also affects the price of the hk0808 bearing
Due to changes in consumer demand, import and export conditions, and various investigations on the development of hk0808 bearing, the cost of hk0808 bearing is constantly changing. Taking into account the current market macroeconomic parameters, value chain analysis, channel partners, demand and supply, the cost of hk0808 bearing will also be affected to a certain extent. It is estimated that the cost of hk0808 bearing will increase slightly from next month.
The price of hk0808 bearing continues to be affected by factors such as market decline momentum, various opportunities and challenges. However, during the forecast period from 2022 to 2025, the global hk0808 bearing sales market is expected to continue to be above average. The growth rate will continue to increase. It is expected that In the second half of this year, the price of hk0808 bearing will increase to a certain extent.
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The continuous fluctuation of steel futures prices also affects the price of hk0808 bearing
Since March, the factory price of coke after 5 rounds of price rises, up to 1000 yuan/ton, directly pushed up the steel production cost of 380 yuan/ton. Iron ore prices rose to 1,000 yuan per ton from 700 yuan at the beginning of the year, pushing up steel production costs by 190 yuan per ton. According to estimates, the production cost of billet this week has reached 4740 yuan/ton, rebar 4890 yuan/ton, hot coil 5040 yuan/ton, thick plate 5140 yuan/ton, cold rolled plate 5690 yuan/ton.
At present, the gross profit of rebar, hot coil and medium thick plate is maintained at about 150 yuan/ton, while the gross profit of cold rolled plate and galvanized plate is close to the edge of loss. Since the beginning of the year, a sharp rise in industrial raw materials, including energy and steel, has severely compressed the profit margins of downstream manufacturers. According to statistics, as of April 15, the price of energy rose by 30%, the price of non-ferrous metals by 35%, the price of chemical raw materials by 24%, and the price of building materials by 7%. Steel prices rose 5% in the same period last year, the increase seems small, in fact, last April to May is a period of domestic steel prices rose significantly, this year in the environment of a significant reduction in demand is still maintained at last year's high, steel prices can not be said not high.
The market trend of hk0808 bearing?
The cost of raw materials is still the biggest concern for manufacturers. Raw materials account for approximately 60-62% of bearing manufacturers revenue. The price of raw materials for bearings fluctuates continuously according to market economic conditions. Such fluctuations in raw material prices are becoming a real challenge for companies to maintain competitiveness and ensure sustainable profits. As high-grade steel and alloy steel are the main raw materials used to manufacture hk0808 bearing, bearing prices are highly correlated with global steel price trends. Therefore, fluctuations in the price of raw materials have brought challenges for bearing manufacturers to compare prices and quality to manufacture bearings. In addition, the bearings require regular maintenance to avoid failures and extend their service life, which further increases maintenance costs. Therefore, factors such as raw material price fluctuations and regular maintenance costs are expected to hinder the growth of the bearing market.
The market demand of hk0808 bearing?
The global 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 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 hk0808 bearing in various end-use industries, rolling mills and electric vehicles, the global hk0808 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 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 hk0808 bearing or get more information about any other bearings, please send an email to