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