Activity improves in Chinese domestic steel plate market

Tuesday, 16 August 2016 14:23:19 (GMT+3)   |   Shanghai
       

During the week ending August 16, average prices of common carbon and low alloy medium plate in the Chinese domestic market have continued to indicate an upward trend, though with shipbuilding plate prices remaining stable, while transaction activity in the overall market has been at decent levels. Average steel plate prices in China are presented in the table below.

During the given week, despite indicating declines in the last few trading days, ferrous metal futures prices in China have increased on week-on-week basis, exerting a positive impact on domestic steel plate prices. Bullish sentiment prevails among market players and they hold a positive view of the future prospects for the local steel plate market. Meanwhile, downstream users have stepped up their purchases of steel plate, resulting in improved transaction activity in the market. It is thought that steel plate prices in the Chinese domestic market will likely move upwards in the coming week.

Product NameCategoryCitySteel Plant/OriginPrice (RMB/mt)Price ($/mt)Weekly Change (RMB/mt)
8 mm common carbon medium plateQ235ShanghaiXinyu Steel3,110469↑20
TianjinTiangang Steel2,850430↑30
LecongShaoguan Steel3,050460↑20
Average price-3,003453↑23
20 mm common carbon medium plateQ235ShangaiMagang2,680404↑20
TianjinTiangang Steel2,550385↑30
LecongShaoguan Steel2,700407↑20
Average price-2,643399↑23
30 mm common carbon medium plateQ235ShanghaiMagang2,750415↑20
TianjinTiangang Steel2,600392↑40
Average price-2,675403↑30
20 mm low alloy medium plateQ345ShanghaiMagang2,900437↑30
TianjinTiangang Steel2,700407↑30
Average price-2,800422↑30


Boiler and container plate prices in local Chinese market

Product NameSpec,CategoryCitySteel Plant/OriginPrice (RMB/mt)Price ($/mt)Weekly Change (RMB/mt)
Boiler plate20 mm20GShangaiXinyu Steel2,9004370
BeijingAnyang2,8704330
GuangzhouLiuzhou Steel3,0804650
Ortalama-2,9504450
Container plate8 mm16MnRShangaiXinyu Steel3,2504900
GuangzhouJinan Steel3,6205460
Ortalama-3,4355180
20 mm16MnRShangaiXinyu Steel3,0004520
BeijingJinan Steel2,9704480
GuangzhouLiuzhou Steel3,1504750
Ortalama-3,0404590

Shipbuilding plate prices in local Chinese market

Product NameSpec,CityCategoryPlace of OriginPrice (RMB/mt)Price ($/mt)Weekly change (RMB/mt)
Shipbuilding Plate8 mmShanghaiCCSA/BXinyu Steel3,0204560
JinanCCSA/BJinan Steel2,8904360
GuangzhouCCSA/BShaoguan2,9904510
Average--2,9674470
20 mmShanghaiCCSA/BXinyu Steel2,7404130
JinanCCSA/BJinan Steel2,7204100
GuangzhouCCSA/BShaoguan2,7804190
Average--2,7474140

17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.63


Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Turkey’s plate prices fall amid lower HRC prices, weaker demand

27 Mar | Flats and Slab

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

US plate spot market prices steady after last week’s drop

26 Mar | Flats and Slab

Ex-China steel plate prices down slightly despite stronger local market

25 Mar | Flats and Slab

Stocks of main finished steel products in China down 0.6 percent in mid-March

25 Mar | Steel News

US cut-length plate imports up 46.9 percent in January

21 Mar | Steel News

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

US plate spot market prices tick downward

20 Mar | Flats and Slab

China’s steel sheet and plate exports up 49.7 percent in Jan-Feb

19 Mar | Steel News