Low inventory in sluggish Chinese domestic steel plate market

Monday, 14 December 2015 12:00:03 (GMT+3)   |   Shanghai
       

During the week ending December 14, steel plate prices in the Chinese domestic market have indicated a slight uptrend for common carbon and low alloy medium plate, while transaction activity in the overall market is somewhat better than in the previous week, though remaining on the slack side. Average steel plate prices in China are presented in the tables below.

During the given week, new supplies arriving in the market have been on the low side, resulting in some supply shortages in the spot market. Since steelmakers have reduced their outputs, inventory levels in the steel plate market are at low levels, providing a certain degree of support for steel plate prices. However, shipbuilding plate prices have indicated decreases in Shanghai and Jinan, though they have risen slightly in the Guangzhou market. It is thought that steel plate prices in the Chinese domestic market will likely move on a slight uptrend in the coming week.

Product NameCategoryCitySteel Plant/OriginPrice (RMB/mt)Price ($/mt)Weekly Change (RMB/mt)
8 mm common carbon medium plateQ235ShanghaiXinyu Steel2,000310↓30
TianjinTiangang Steel2,0303140
LecongShaoguan Steel2,3803680
Average price-2,137331↓10
20 mm common carbon medium plateQ235ShangaiMagang1,790277↑20
TianjinTiangang Steel1,7302680
LecongShaoguan Steel2,0403160
Average price-1,853287↑7
30 mm common carbon medium plateQ235ShanghaiMagang1,820282↓30
TianjinTiangang Steel1,7502710
Average price-1,785276↓15
20 mm low alloy medium plateQ345ShanghaiMagang1,970305↑10
TianjinTiangang Steel1,9302990
Average price-1,950302↑5
 

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 Steel2,2003410
BeijingAnyang2,1303300
GuangzhouLiuzhou Steel2,5503950
Ortalama-2,2933550
Container plate8 mm16MnRShangaiXinyu Steel2,7004180
GuangzhouJinan Steel3,1004800
Ortalama-2,9004490
20 mm16MnRShangaiXinyu Steel2,3003560
BeijingJinan Steel2,2303450
GuangzhouLiuzhou Steel2,6504100
Ortalama-2,3933700

Shipbuilding plate prices in local Chinese market

Product NameSpec,CityCategoryPlace of OriginPrice (RMB/mt)Price ($/mt)Weekly change (RMB/mt)
Shipbuilding Plate8 mmShanghaiCCSA/BXinyu Steel2,340362↓100
JinanCCSA/BJinan Steel2,070320↓30
GuangzhouCCSA/BShaoguan2,360365↑10
Average--2,257349↓40
20 mmShanghaiCCSA/BXinyu Steel2,060319↓100
JinanCCSA/BJinan Steel1,900294↓30
GuangzhouCCSA/BShaoguan2,100325↑10
Average--2,020313↓40

17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.46


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