During the week ending May 8, average prices of medium steel plate in the Chinese domestic market have mostly increased, though prices of shipbuilding plate have softened, while transaction activity in the market has been at medium levels. Average steel plate prices in China are presented in the table below.
During the given week, steel plate inventories in the Chinese domestic market have decreased, generally exerting a positive impact on prices. However, the Chinese ferrous metal futures market declined sharply at the end of last week, negatively influencing market sentiment. With market players starting to adopt a wait-and-see stance, it is thought that steel plate prices in the Chinese domestic market will likely move sideways in the coming week.
Medium plate prices in local Chinese market
| Product Name | Quality | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| 8 mm common carbon medium plate | Q235 | Shanghai | Magang | 3,500 | 507 | 0 |
| Tianjin | Tiangang Steel | 3,430 | 497 | ↑80 | ||
| Lecong | Shaoguan Steel | 3,720 | 539 | ↓20 | ||
| Average price | - | 3,550 | 514 | ↑20 | ||
| 20 mm common carbon medium plate | Q235 | Shangai | Magang | 3,290 | 477 | ↑70 |
| Tianjin | Tiangang Steel | 3,130 | 454 | ↑80 | ||
| Lecong | Shaoguan Steel | 3,310 | 480 | ↓20 | ||
| Average price | - | 3,243 | 470 | ↑43 | ||
| 30 mm common carbon medium plate | Q235 | Shanghai | Ansteel | 3,210 | 465 | ↓40 |
| Tianjin | Tiangang Steel | 3,130 | 454 | ↑80 | ||
| Average price | - | 3,170 | 459 | ↑20 | ||
| 20 mm low alloy medium plate | Q345 | Shanghai | Magang | 3,470 | 503 | ↑90 |
| Tianjin | Tiangang Steel | 3,280 | 475 | ↑80 | ||
| Average price | - | 3,375 | 489 | ↑85 |
Boiler and container plate prices in local Chinese market
| Product Name | Spec. | Quality | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Boiler plate | 20 mm | 20G | Shangai | Xinyu Steel | 3,800 | 551 | ↓150 |
| Beijing | Anyang Steel | 3,790 | 549 | ↑10 | |||
| Guangzhou | Liuzhou Steel | 4,210 | 610 | 0 | |||
| Average | - | 3,933 | 570 | ↓47 | |||
| Container plate | 8 mm | 16MnR | Shangai | Xinyu Steel | 4,150 | 601 | ↓150 |
| Guangzhou | Liuzhou Steel | 4,750 | 688 | 0 | |||
| Average | - | 4,450 | 645 | ↓75 | |||
| 20 mm | 16MnR | Shangai | Xinyu Steel | 3,900 | 565 | ↓150 | |
| Beijing | Jinan Steel | 3,890 | 564 | 0 | |||
| Guangzhou | Liuzhou Steel | 4,260 | 617 | 0 | |||
| Average | - | 4,017 | 582 | ↓50 |
Shipbuilding plate prices in local Chinese market
| Product Name | Spec. | City | Quality | Place of Origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Shipbuilding Plate | 8 mm | Shanghai | CCSA/B | Xinyu Steel | 3,880 | 562 | 0 |
| Jinan | CCSA/B | Jinan Steel | 3,660 | 530 | ↓120 | ||
| Guangzhou | CCSA/B | Shaoguan Steel | 3,960 | 574 | ↓50 | ||
| Average | - | - | 3,833 | 556 | ↓57 | ||
| 20 mm | Shanghai | CCSA/B | Xinyu Steel | 3,600 | 522 | 0 | |
| Jinan | CCSA/B | Jinan Steel | 3,440 | 499 | ↓120 | ||
| Guangzhou | CCSA/B | Shaoguan Steel | 3,780 | 548 | ↓50 | ||
| Average | - | - | 3,607 | 523 | ↓57 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.90