Downtrend in Chinese domestic steel plate market

Monday, 19 September 2016 17:54:51 (GMT+3)   |   Shanghai

During the week ending September 19, average prices of steel plate in the Chinese domestic market have indicated an overall downtrend, while transaction activity in the overall market has been at low levels. Average steel plate prices in China are presented in the table below.
 
During the given week, the downtrend in ferrous metal futures prices and semi-finished steel prices has exerted a negative impact on steel plate prices. Market players have mostly hold a wait-and-see stance as bearish sentiment prevails. Meanwhile, following Mid-Autumn Day holiday (September 15-18), National Holiday (October 1-7) is approaching, which left uncertainties on the steel plate market. However, since inventory level has been at comparatively low levels and ex-works prices from steelmakers have been at high levels, the steel plate prices could gain some support. It is expected that steel plate prices in the Chinese domestic market will see a slight downtrend in the coming week. 
  

Product Name Category City Steel Plant/Origin Price (RMB/mt) Price ($/mt) Weekly Change (RMB/mt)
8 mm common carbon medium plate Q235 Shanghai Xinyu Steel 2,950 442 ↑ 20
Tianjin Tiangang Steel 2,810 421 ↓120
Lecong Shaoguan Steel 3,110 466 ↓40
Average price - 2,957 443 ↓46
20 mm common carbon medium plate Q235 Shangai Magang 2,660 399 ↓10
Tianjin Tiangang Steel 2,510 376 ↓120
Lecong Shaoguan Steel 2,720 408 ↓40
Average price - 2,630 394 ↓57
30 mm common carbon medium plate Q235 Shanghai Magang 2,660 399 ↓30
Tianjin Tiangang Steel 2,530 379 ↓20
Average price - 2,595 389 ↓70
20 mm low alloy medium plate Q345 Shanghai Magang 2,740 411 ↓20
Tianjin Tiangang Steel 2,660 399 ↓120
Average price - 2,700 404 ↓70

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 2,900 435 0
Beijing Anyang 2,900 435 ↓120
Guangzhou Liuzhou Steel 3,190 478 ↓30
Ortalama - 2,997 449 ↓45
Container plate 8 mm 16MnR Shangai Xinyu Steel 3,250 487 0
Guangzhou Jinan Steel 3,730 559 ↓30
Ortalama - 3,490 523 ↓15
20 mm 16MnR Shangai Xinyu Steel 3,000 450 0
Beijing Jinan Steel 2,990 448 ↓120
Guangzhou Liuzhou Steel 3,240 485 ↓30
Ortalama - 3,077 461 ↓50

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 3,080 462 ↓20
Jinan CCSA/B Jinan Steel 2,950 442 ↓40
Guangzhou CCSA/B Shaoguan 3,170 475 0
Average - - 3,066 460 ↓20
20 mm Shanghai CCSA/B Xinyu Steel 2,800 420 ↓20
Jinan CCSA/B Jinan Steel 2,780 417 ↓40
Guangzhou CCSA/B Shaoguan 2,990 448 0
Average - - 2,856 428 ↓30

 
17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.67


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