Inventory increases in local Chinese steel plate market

Monday, 04 May 2015 17:23:36 (GMT+3)   |   Shanghai
       

In the week ending May 4, common carbon medium plate and low alloy medium plate prices in the Chinese domestic market have indicated a slight uptrend, though minor declines have been seen in shipbuilding plate prices, while overall transaction activity in the market has been at low levels. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.
 
During the given week, some plate shipments previously booked by customers have started to arrive in the domestic steel plate market, resulting in increased inventory levels. Although some steel plate prices have rebounded slightly, the upward movement of prices has been limited by slack demand. After the Labor Day holiday (May 1-3), more steel plate products will arrive in the market, which will negatively affect steel plate prices. It is expected that steel plate prices in the Chinese domestic market will move sideways in the coming week. 

Product NameCategoryCitySteel Plant/OriginPrice (RMB/mt)Price ($/mt)Weekly Change (RMB/mt)
8 mm common carbon medium plateQ235ShanghaiXinyu Steel2,94473↑10
TianjinTiangang Steel2,69433↑10
LecongShaoguan Steel2,97478↑10
Average price-2,867462↑10
20 mm common carbon medium plateQ235ShangaiMagang2,46396↑10
TianjinTiangang Steel2,39385↑10
LecongShaoguan Steel2,63424↑10
Average price-2,493401↑10
30 mm common carbon medium plateQ235ShanghaiMagang2,564120
TianjinTiangang Steel2,41388↑10
Average price-2,485400↑5
20 mm low alloy medium plateQ345ShanghaiMagang2,66428↑10
TianjinTiangang Steel2,59417↑10
Average price-2,625423↑10


 

Product NameSpec,CategoryCitySteel Plant/OriginPrice (RMB/mt)Price ($/mt)Weekly Change (RMB/mt)
Boiler plate20 mm20GShangaiXinyu Steel3483↓50
BeijingAnyang2,82454↓10
GuangzhouLiuzhou Steel3,46557↓30
Ortalama-3,093498↓30
Container plate8 mm16MnRShangaiXinyu Steel3,5564↓50
GuangzhouJinan Steel3,95636↓30
Ortalama-3,725600↓40
20 mm16MnRShangaiXinyu Steel3,1499↓50
BeijingJinan Steel2910469↓20
GuangzhouLiuzhou Steel3,51565↓30
Ortalama-3,173511↓34

Product NameSpec,CityCategoryPlace of OriginPrice (RMB/mt)Price ($/mt)Weekly change (RMB/mt)
Shipbuilding Plate8 mmShanghaiCCSA/BXinyu Steel3,09498↑10
JinanCCSA/BJinan Steel3,1499↓20
GuangzhouCCSA/BShaoguan3,24522↓30
Average--3,143506↓14
20 mmShanghaiCCSA/BXinyu Steel2,81452↑10
JinanCCSA/BJinan Steel2,81452↓20
GuangzhouCCSA/BShaoguan2,95475↓30
Average--2,857460↓13

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

$1 = RMB 6.21


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