During the week ending March 20, average prices of steel plate in the Chinese domestic market have edged up slightly, while transaction activity in the overall market has been at medium levels. Average steel plate prices in China are presented in the table below.
During the given week, steel plate inventory in China has decreased, providing a certain degree of support for steel plate prices in the domestic spot market. Meanwhile, semi-finished steel prices have also risen, exerting a positive impact on the steel plate market. At the same time, increases in ferrous metal futures prices in China have boosted sentiment in the steel plate market. It is thought that steel plate prices in the Chinese domestic market will likely continue to edge up slightly in the coming week.
Medium plate prices in local Chinese market
| Product Name | Quality | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| 8 mm common carbon medium plate | Q235 | Shanghai | Magang | 3,950 | 572 | ↑30 |
| Tianjin | Tiangang Steel | 3,980 | 577 | ↑60 | ||
| Lecong | Shaoguan Steel | 4,260 | 617 | ↑20 | ||
| Average price | - | 4,063 | 589 | ↑37 | ||
| 20 mm common carbon medium plate | Q235 | Shangai | Magang | 3,730 | 541 | ↓20 |
| Tianjin | Tiangang Steel | 3,680 | 533 | ↑60 | ||
| Lecong | Shaoguan Steel | 3,850 | 558 | ↑20 | ||
| Average price | - | 3,753 | 544 | ↑20 | ||
| 30 mm common carbon medium plate | Q235 | Shanghai | Ansteel | 3,800 | 551 | ↑20 |
| Tianjin | Tiangang Steel | 3,680 | 533 | ↑60 | ||
| Average price | - | 3,740 | 542 | ↑40 | ||
| 20 mm low alloy medium plate | Q345 | Shanghai | Magang | 3,890 | 564 | ↑20 |
| Tianjin | Tiangang Steel | 3,830 | 555 | ↑60 | ||
| Average price | - | 3,860 | 559 | ↑40 |
Boiler and container plate prices in local Chinese market
| Product Name | Spec. | Quality | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Boiler plate | 20 mm | 20G | Shangai | Xinyu Steel | 4,100 | 594 | 0 |
| Beijing | Anyang Steel | 4,340 | 629 | ↑30 | |||
| Guangzhou | Liuzhou Steel | 4,360 | 632 | ↑10 | |||
| Average | - | 4,267 | 618 | ↑14 | |||
| Container plate | 8 mm | 16MnR | Shangai | Xinyu Steel | 4,500 | 652 | 0 |
| Guangzhou | Liuzhou Steel | 4,900 | 710 | ↑10 | |||
| Average | - | 4,700 | 681 | ↑5 | |||
| 20 mm | 16MnR | Shangai | Xinyu Steel | 4,200 | 609 | 0 | |
| Beijing | Jinan Steel | 4,440 | 643 | ↑30 | |||
| Guangzhou | Liuzhou Steel | 4,410 | 639 | ↑10 | |||
| Average | - | 4,350 | 630 | ↑14 |
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 | 4,210 | 610 | 0 |
| Jinan | CCSA/B | Jinan Steel | 4,280 | 620 | ↑70 | ||
| Guangzhou | CCSA/B | Shaoguan Steel | 4,260 | 617 | ↑30 | ||
| Average | - | - | 4,250 | 616 | ↑33 | ||
| 20 mm | Shanghai | CCSA/B | Xinyu Steel | 3,930 | 570 | 0 | |
| Jinan | CCSA/B | Jinan Steel | 4,060 | 588 | ↑70 | ||
| Guangzhou | CCSA/B | Shaoguan Steel | 4,080 | 591 | ↑30 | ||
| Average | - | - | 4,023 | 583 | ↑33 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.90