During the week ending February 27, average prices of steel plate in the Chinese domestic market have continued their rising trend, while transaction activity in the overall market has been at medium levels. Average steel plate prices in China are presented in the table below.
During the given week, inventory levels of steel plate in the domestic market have declined, providing support for steel plate prices. Meanwhile, Chinese ferrous metal futures prices have indicated a rising trend, exerting a positive impact on domestic steel plate prices in the spot market. It is thought that in the coming week steel plate prices in the Chinese domestic market could continue to move up further or they could also possibly indicate a downward correction if buyers start to consider prices to be on the high side.
Medium plate prices in local Chinese market
| Product Name | Quality | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| 8 mm common carbon medium plate | Q235 | Shanghai | Magang | 4,020 | 585 | ↑20 |
| Tianjin | Tiangang Steel | 3,990 | 581 | ↑90 | ||
| Lecong | Shaoguan Steel | 4,210 | 613 | ↑50 | ||
| Average price | - | 4,073 | 593 | ↑50 | ||
| 20 mm common carbon medium plate | Q235 | Shangai | Magang | 3,820 | 556 | ↑80 |
| Tianjin | Tiangang Steel | 3,690 | 537 | ↑90 | ||
| Lecong | Shaoguan Steel | 3,800 | 553 | ↑50 | ||
| Average price | - | 3,770 | 549 | ↑73 | ||
| 30 mm common carbon medium plate | Q235 | Shanghai | Ansteel | 3,870 | 563 | ↑100 |
| Tianjin | Tiangang Steel | 3,690 | 537 | ↑90 | ||
| Average price | - | 3,780 | 550 | ↑95 | ||
| 20 mm low alloy medium plate | Q345 | Shanghai | Magang | 3,930 | 572 | ↑30 |
| Tianjin | Tiangang Steel | 3,840 | 559 | ↑90 | ||
| Average price | - | 3,885 | 566 | ↑60 |
Boiler and container plate prices in local Chinese market
| Product Name | Spec. | Quality | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Boiler plate | 20 mm | 20G | Shangai | Xinyu Steel | 4,050 | 590 | ↑50 |
| Beijing | Anyang Steel | 4,330 | 630 | ↑80 | |||
| Guangzhou | Liuzhou Steel | 4,350 | 633 | 0 | |||
| Average | - | 4,243 | 618 | ↑43 | |||
| Container plate | 8 mm | 16MnR | Shangai | Xinyu Steel | 4,400 | 640 | ↑50 |
| Guangzhou | Liuzhou Steel | 4,890 | 712 | 0 | |||
| Average | - | 4,645 | 676 | ↑25 | |||
| 20 mm | 16MnR | Shangai | Xinyu Steel | 4,150 | 604 | ↑50 | |
| Beijing | Jinan Steel | 4,430 | 645 | ↑70 | |||
| Guangzhou | Liuzhou Steel | 4,400 | 640 | 0 | |||
| Average | - | 4,326 | 630 | ↑40 |
Shipbuilding plate prices in local Chinese market
| Product Name | Spec. | City | Quality | Place of Origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Shipbuilding Plate | 8 mm | Shanghai | CCSA/B | Xinyu Steel | 4,190 | 610 | ↑30 |
| Jinan | CCSA/B | Jinan Steel | 4,290 | 624 | ↑100 | ||
| Guangzhou | CCSA/B | Shaoguan Steel | 4,230 | 616 | ↑30 | ||
| Average | - | - | 4,236 | 617 | ↑113 | ||
| 20 mm | Shanghai | CCSA/B | Xinyu Steel | 3,910 | 569 | ↑30 | |
| Jinan | CCSA/B | Jinan Steel | 4,070 | 592 | ↑100 | ||
| Guangzhou | CCSA/B | Shaoguan Steel | 4,050 | 590 | ↑30 | ||
| Average | - | - | 4,010 | 584 | ↑53 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.87