Rising trend continues in Chinese domestic steel plate market

Monday, 14 November 2016 17:42:51 (GMT+3)   |   Shanghai
       

During the week ending November 14, average prices of steel plate in the Chinese domestic market have continued their upward trend, while transaction activity in the overall market has been at low-to-medium levels. Average steel plate prices in China are presented in the table below

During the given week, major Chinese steelmaker Baosteel has raised its steel plate prices by RMB 300/mt ($44/mt) for December delivery, exerting a positive impact on the domestic steel plate market. Currently, inventory levels of steel plate in the market are at relatively low levels. Meanwhile, steelmakers in northern China have had to restrict their production due to environmental protection measures, resulting in reduced steel plate supply to the market, thereby also providing support for steel plate market prices. However, downstream users are unwilling to make purchases as they think prices are too high.
 
It is expected that steel plate prices in the Chinese domestic market will move sideways in the coming week at the current high levels, though the price trend will also depend on factors such as the movement of the futures market or whether some traders will seek to sell at lower prices to speed up sales activities and bring in cash.

Product NameCategoryCitySteel Plant/OriginPrice (RMB/mt)Price ($/mt)Weekly Change (RMB/mt)
8 mm common carbon medium plateQ235ShanghaiMagang3,560520↑80
TianjinTiangang Steel3,400496↑100
LecongShaoguan Steel3,590524↑150
Average price-3,517513↑110
20 mm common carbon medium plateQ235ShangaiMagang3,250474↑120
TianjinTiangang Steel3,100453↑100
LecongShaoguan Steel3,200467↑150
Average price-3,183465↑123
30 mm common carbon medium plateQ235ShanghaiAnsteel3,340488↑80
TianjinTiangang Steel3,100453↑100
Average price-3,220470↑90
20 mm low alloy medium plateQ345ShanghaiMagang3,410498↑120
TianjinTiangang Steel3,250474↑100
Average price-3,330486↑110

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 Steel3,400496↑150
BeijingAnyang Steel3,520514↑100
GuangzhouLiuzhou Steel3,600526↑50
Ortalama-3,507512↑100
Container plate8 mm16MnRShangaiXinyu Steel3,750547↑150
GuangzhouLiuzhou Steel4,140604↑50
Ortalama-3,945576↑100
20 mm16MnRShangaiXinyu Steel3,500511↑150
BeijingJinan Steel3,610527↑100
GuangzhouLiuzhou Steel3,650533↑50
Ortalama-3,587524↑100


Shipbuilding plate prices in local Chinese market

Product NameSpec,CityCategoryPlace of OriginPrice (RMB/mt)Price ($/mt)Weekly change (RMB/mt)
Shipbuilding Plate8 mmShanghaiCCSA/BXinyu Steel3,610527↑250
JinanCCSA/BJinan Steel3,610527↑70
GuangzhouCCSA/BShaoguan Steel3,730545↑150
Average--3,650533↑157
20 mmShanghaiCCSA/BXinyu Steel3,330486↑250
JinanCCSA/BJinan Steel3,390495↑70
GuangzhouCCSA/BShaoguan Steel3,550518↑150
Average--3,423500↑156

17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.85
 


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