Downbeat sentiment in sluggish Chinese domestic steel plate market

Monday, 09 January 2017 16:53:43 (GMT+3)   |   Shanghai
       

During the week ending January 9, average prices of steel plate in the Chinese domestic market have mostly indicated downward movement, while transaction activity in the overall market has been at low levels. Average steel plate prices in China are presented in the table below.

In the given week, average steel plate prices in China have softened and overall transaction activity has been at low levels due to the decreases in ferrous metal futures prices and slack demand from downstream users. Bearish sentiment prevails among traders and most of them are eager to sell in order to bring in cash before the Chinese New Year holiday. China has initiated further investigations in relation to intermediate frequency melting furnaces, which will provide a certain degree of support for steel plate prices in the spot market. 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

3,660

527

↓30

Tianjin

Tiangang Steel

3,650

526

↓80

Lecong

Shaoguan Steel

4,020

579

↓50

Average price

-

3,777

544

↓53

20 mm common carbon medium plate

Q235

Shangai

Magang

3,400

490

↓30

Tianjin

Tiangang Steel

3,350

483

↓80

Lecong

Shaoguan Steel

3,700

533

↓80

Average price

-

3,483

502

↓63

30 mm common carbon medium plate

Q235

Shanghai

Ansteel

3,510

506

↑50

Tianjin

Tiangang Steel

3,350

483

↓80

Average price

-

3,430

494

↓15

20 mm low alloy medium plate

Q345

Shanghai

Magang

3,560

513

↓20

Tianjin

Tiangang Steel

3,500

504

↓80

Average price

-

3,530

509

50

 

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

3,850

555

0

Beijing

Anyang Steel

3,740

539

0

Guangzhou

Liuzhou Steel

4,350

627

0

Average

-

3,980

573

0

Container plate

8 mm

16MnR

Shangai

Xinyu Steel

4,200

605

0

Guangzhou

Liuzhou Steel

4,890

705

0

Average

-

4,545

655

0

20 mm

16MnR

Shangai

Xinyu Steel

3,950

569

0

Beijing

Jinan Steel

3,830

552

0

Guangzhou

Liuzhou Steel

4,400

634

0

Average

-

4,060

585

0

 

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

4,110

592

0

Jinan

CCSA/B

Jinan Steel

3,890

561

0

Guangzhou

CCSA/B

Shaoguan Steel

4,210

607

0

Average

-

-

4,070

586

0

20 mm

Shanghai

CCSA/B

Xinyu Steel

3,830

552

0

Jinan

CCSA/B

Jinan Steel

3,670

529

0

Guangzhou

CCSA/B

Shaoguan Steel

4,030

581

0

Average

-

-

3,843

554

0

 

17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.94


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