Rising trend in Chinese domestic steel plate market

Monday, 17 October 2016 16:29:07 (GMT+3)   |   Shanghai
       

During the week ending October 17, average prices of steel plate in the Chinese domestic market have indicated an 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, steel plate prices have indicated an overall rising trend, though the upward movement slowed approaching the end of the week due to the lack of significant improvement in transaction activity. Ferrous metal futures prices have continued to rise, boosting sentiment in the spot market. Meanwhile, increases in offer prices for thick specifications have been larger given some shortage of supply in the market for these specifications. It is thought that steel plate prices in the Chinese domestic market will move sideways in the coming week.

Product NameSpec,CityCategoryPlace of OriginPrice (RMB/mt)Price ($/mt)Weekly change (RMB/mt)
Shipbuilding Plate8 mmShanghaiCCSA/BXinyu Steel3,120463↑40
JinanCCSA/BJinan Steel3,090458↑140
GuangzhouCCSA/BShaoguan3,200475↑30
Average--3,137465↑70
20 mmShanghaiCCSA/BXinyu Steel2,840421↑40
JinanCCSA/BJinan Steel2,920433↑140
GuangzhouCCSA/BShaoguan3,020448↑30
Average--2,927434↑70

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 Steel2,9004300
BeijingAnyang3,040451↑100
GuangzhouLiuzhou Steel3,2004750
Ortalama-3,047452↑34
Container plate8 mm16MnRShangaiXinyu Steel3,2504820
GuangzhouJinan Steel3,7405550
Ortalama-3,4955190
20 mm16MnRShangaiXinyu Steel3,0004450
BeijingJinan Steel3,130464↑100
GuangzhouLiuzhou Steel3,2504820
Ortalama-3,126464↑34

 
Shipbuilding plate prices in local Chinese market
 

Product NameSpec,CityCategoryPlace of OriginPrice (RMB/mt)Price ($/mt)Weekly change (RMB/mt)
Shipbuilding Plate8 mmShanghaiCCSA/BXinyu Steel3,120463↑40
JinanCCSA/BJinan Steel3,090458↑140
GuangzhouCCSA/BShaoguan3,200475↑30
Average--3,137465↑70
20 mmShanghaiCCSA/BXinyu Steel2,840421↑40
JinanCCSA/BJinan Steel2,920433↑140
GuangzhouCCSA/BShaoguan3,020448↑30
Average--2,927434↑70

17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.74


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