Futures market impacts Chinese domestic steel plate market

Monday, 12 September 2016 12:29:27 (GMT+3)   |   Shanghai
       

During the week ending September 12, average prices of common carbon and low alloy medium steel plate in the Chinese domestic market have indicated a downward trend, though with shipbuilding plate prices seeing a slight uptrend, 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, bearish sentiment has started to prevail in Chinese steel plate market, exerting a negative impact on common carbon and low alloy steel plate prices, while shipbuilding plate prices have seen a slight uptrend due to supply shortage.

In northern China, some steelmakers have reduced their ex-works prices for steel plate, resulting in bearish sentiment on the market. Meanwhile, after G20 Hangzhou Summit, ferrous metal futures prices have indicated downward corrections due to lack of points for speculation, which negatively affected the steel plate market. It is thought that steel plate prices in the Chinese domestic market will likely 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

2,930

439

20

Tianjin

Tiangang Steel

2,930

439

↓20

Lecong

Shaoguan Steel

3,150

472

↓20

Average price

-

3,003

450

↓7

20 mm common carbon medium plate

Q235

Shangai

Magang

2,670

400

↓30

Tianjin

Tiangang Steel

2,630

394

↓20

Lecong

Shaoguan Steel

2,760

413

↓20

Average price

-

2,687

402

↓23

30 mm common carbon medium plate

Q235

Shanghai

Magang

2,680

401

↓30

Tianjin

Tiangang Steel

2,650

397

↓20

Average price

-

2,665

399

↓25

20 mm low alloy medium plate

Q345

Shanghai

Magang

2,760

413

↓60

Tianjin

Tiangang Steel

2,780

416

↓20

Average price

-

2,770

415

↓40

Boiler and container plate prices in local Chinese market

Product NameSpec,CategoryCitySteel Plant/OriginPrice (RMB/mt)Price ($/mt)Weekly Change (RMB/mt)
Boiler plate20 mm20GShangaiXinyu Steel2,9004340
BeijingAnyang3,0204520
GuangzhouLiuzhou Steel3,2204820
Ortalama-3,0474560
Container plate8 mm16MnRShangaiXinyu Steel3,2504870
GuangzhouJinan Steel3,7605630
Ortalama-3,5055250
20 mm16MnRShangaiXinyu Steel3,0004490
BeijingJinan Steel3,1104660
GuangzhouLiuzhou Steel3,2704900
Ortalama-3,1274680

Shipbuilding plate prices in local Chinese market

Product NameSpec,CityCategoryPlace of OriginPrice (RMB/mt)Price ($/mt)Weekly change (RMB/mt)
Shipbuilding Plate8 mmShanghaiCCSA/BXinyu Steel3,1004640
JinanCCSA/BJinan Steel2,9904480
GuangzhouCCSA/BShaoguan3,170475↑ 70
Average--3,087462↑ 23
20 mmShanghaiCCSA/BXinyu Steel2,8204220
JinanCCSA/BJinan Steel2,8204220
GuangzhouCCSA/BShaoguan2,990448↑ 70
Average--2,877431↑ 23

17 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 6.68


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