Chinese domestic steel plate market moves on downward trend

Monday, 26 December 2016 16:23:00 (GMT+3)   |   Shanghai
       

As of December 26, average prices of steel plate in the Chinese domestic market have decreased compared to one week ago, while transaction activity in the overall market has been at low levels. Average steel plate prices in China are presented in the tables below.

In the given week, steel plate prices in China have moved down and overall transaction activity has been slacker than the previous week and is now at low levels. During the past week,
ferrous metal futures prices in China have indicated downward corrections, exerting negative pressure on steel plate prices in the spot market. Meanwhile, domestic steel plate inventories are still at relatively low levels in the local Chinese market and are expected to provide a certain degree of support for steel plate prices. It is thought that Chinese domestic steel plate offers will move sideways in the coming week.

Medium plate prices in local Chinese market

 

Product Name

Category

City

Steel Plant/Origin

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

8 mm common carbon medium plate

Q235

Shanghai

Magang

3,670

528

↓250

Tianjin

Tiangang Steel

3,780

544

↓120

Lecong

Shaoguan Steel

4,110

591

↓70

Average price

-

3,853

554

↓147

20 mm common carbon medium plate

Q235

Shangai

Magang

3,400

489

↓250

Tianjin

Tiangang Steel

3,480

501

↓120

Lecong

Shaoguan Steel

3,820

550

↓70

Average price

-

3,567

513

↓147

30 mm common carbon medium plate

Q235

Shanghai

Ansteel

3,450

496

↓250

Tianjin

Tiangang Steel

3,480

501

↓120

Average price

-

3,465

499

↓185

20 mm low alloy medium plate

Q345

Shanghai

Magang

3,570

514

↓250

Tianjin

Tiangang Steel

3,630

522

↓120

Average price

-

3,600

518

↓185

Boiler and container plate prices in local Chinese market

 

Product Name

Spec,

Category

City

Steel Plant/Origin

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Boiler plate

20 mm

20G

Shangai

Xinyu Steel

3,900

561

↓100

Beijing

Anyang Steel

3,910

563

↓230

Guangzhou

Liuzhou Steel

4,350

626

↓10

Average

-

4,053

583

↓113

Container plate

8 mm

16MnR

Shangai

Xinyu Steel

4,250

612

0

Guangzhou

Liuzhou Steel

4,890

704

↓10

Average

-

4,570

658

↓5

20 mm

16MnR

Shangai

Xinyu Steel

4,000

576

0

Beijing

Jinan Steel

3,990

574

↓240

Guangzhou

Liuzhou Steel

4,400

633

↓10

Average

-

4,130

594

↓83

Shipbuilding plate prices in local Chinese market

 

Product Name

Spec,

City

Category

Place of Origin

Price (RMB/mt)

Price ($/mt)

Weekly change (RMB/mt)

Shipbuilding Plate

8 mm

Shanghai

CCSA/B

Xinyu Steel

4,160

599

30

Jinan

CCSA/B

Jinan Steel

3,940

567

↓110

Guangzhou

CCSA/B

Shaoguan Steel

4,210

606

↓30

Average

-

-

4,103

590

↓37

20 mm

Shanghai

CCSA/B

Xinyu Steel

3,880

558

30

Jinan

CCSA/B

Jinan Steel

3,720

535

↓110

Guangzhou

CCSA/B

Shaoguan Steel

4,030

580

↓30

Average

-

-

3,877

558

↓37

17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.95


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