During the week ending May 25, steel plate prices in the Chinese domestic market have indicated a downward trend, while overall transaction activity in the market has been remained at low levels. Average steel plate prices in China are presented in the following table.
During the given week, steel plate prices in eastern and northwestern China have indicated significant decreases, with respective declines in the range of RMB 10-80/mt ($1.6-13/mt) and RMB 10-50/mt ($1.6-8/mt). The main steelmakers in China have cut their ex-works prices for steel plate, exerting a negative impact on steel plate prices in the domestic spot market.
It is expected that steel plate prices in the domestic market will move on a slight downtrend in the coming week as transaction activity in main local markets has slowed down and is unlikely see an improvement in the short term.
Medium plate prices in local Chinese market
Product name Category City Steel plant/origin Price (RMB/mt) Price ($/mt) Weekly change (RMB/mt) 8 mm common carbon medium plate Q235 Shanghai Xinyu Steel 2,840 458 ↓30 Tianjin Tiangang Steel 2,600 419 ↓40 Lecong Shaoguan Steel 2,890 466 ↓40 Average price - 2,777 448 ↓37 20 mm common carbon medium plate Q235 Shangai Magang 2,890 466 ↓30 Tianjin Tiangang Steel 2,300 371 ↓40 Lecong Shaoguan Steel 2,550 411 ↓40 Average price - 2,580 416 ↓37 30 mm common carbon medium plate Q235 Shanghai Magang 2,410 389 ↓60 Tianjin Tiangang Steel 2,320 374 ↓40 Average price - 2,365 381 ↓50 20 mm low alloy medium plate Q345 Shanghai Magang 2,560 413 ↓40 Tianjin Tiangang Steel 2,500 403 ↓40 Average price - 2,530 408 ↓40
Boiler and container plate prices in local Chinese market
Product name Spec. Category City Steel plant/origin Price (RMB/mt) Price ($/mt) Weekly change (RMB/mt) Boiler plate 20 mm 20G Shangai Xinyu Steel 2,950 476 0 Beijing Anyang 2,770 447 0 Guangzhou Liuzhou Steel 3,440 555 0 Ortalama - 3,053 492 0 Container plate 8 mm 16MnR Shangai Xinyu Steel 3,450 556 0 Guangzhou Jinan Steel 3,930 634 0 Ortalama - 3,690 595 0 20 mm 16MnR Shangai Xinyu Steel 3,050 492 0 Beijing Jinan Steel 2,860 461 0 Guangzhou Liuzhou Steel 3,490 563 0 Ortalama - 3,133 505 0
Shipbuilding plate prices in local Chinese market
Product name Spec, City Category Place of origin Price (RMB/mt) Price ($/mt) Weekly change (RMB/mt) Shipbuilding plate 8 mm Shanghai CCSA/B Xinyu Steel 3,010 485 ↓30 Jinan CCSA/B Jinan Steel 3,000 484 ↓10 Guangzhou CCSA/B Shaoguan 3,190 515 0 Average - - 3,067 495 ↓13 20 mm Shanghai CCSA/B Xinyu Steel 2,730 440 ↓30 Jinan CCSA/B Jinan Steel 2,710 437 ↓10 Guangzhou CCSA/B Shaoguan 2,900 468 0 Average - - 2,780 448 ↓13
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.20