Sentiment improves in Chinese domestic steel plate market

Monday, 12 June 2017 14:27:07 (GMT+3)   |   Shanghai
       

During the week ending June 12, average prices of medium steel plate in the Chinese domestic market have edged up slightly, while shipbuilding plate prices have remained unchanged, with transaction activity in the overall steel plate market at medium levels. Average steel plate prices in China are presented in the table below.

During the given week, amid increases in the steel futures market in China, sentiment has improved in the domestic steel plate market and spot market prices have risen slightly. Inventories in the steel plate market are at relatively low levels, with some specifications in short supply. Plate producers in northern China have been receiving plenty of orders. However, rainy weather in southern China will likely exert some negative pressure on the steel plate market in the coming period. It is thought that steel plate prices in the Chinese domestic market will likely move sideways or indicate a slight uptrend in the coming week. 

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 3,540 521 0
Tianjin Tiangang Steel 3,570 525 ↑20
Lecong Shaoguan Steel 3,770 554 ↑10
Average price - 3,627 533 ↑10
20 mm common carbon medium plate Q235 Shangai Magang 3,310 487 0
Tianjin Tiangang Steel 3,270 481 ↑20
Lecong Shaoguan Steel 3,360 494 ↑50
Average price - 3,313 487 ↑23
30 mm common carbon medium plate Q235 Shanghai Ansteel 3,330 490 0
Tianjin Tiangang Steel 3,270 481 ↑20
Average price - 3,300 485 ↑10
20 mm low alloy medium plate Q345 Shanghai Magang 3,470 510 0
Tianjin Tiangang Steel 3,420 503 ↑20
Average price - 3,445 507 ↑10
 

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 3,770 554 0
Beijing Anyang Steel 3,780 556 ↑70
Guangzhou Liuzhou Steel 4,170 613 0
Average - 3,906 574 ↑23
Container plate 8 mm 16MnR Shangai Xinyu Steel 4,150 610 ↑30
Guangzhou Liuzhou Steel 4,710 693 0
Average - 4,430 651 ↑15
20 mm 16MnR Shangai Xinyu Steel 3,870 569 0
Beijing Jinan Steel 3,880 571 ↑70
Guangzhou Liuzhou Steel 4,220 621 0
Average - 3,990 587 ↑23
 

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 3,910 575 0
Jinan CCSA/B Jinan Steel 3,880 571 0
Guangzhou CCSA/B Shaoguan Steel 3,980 585 0
Average - - 3,923 577 0
20 mm Shanghai CCSA/B Xinyu Steel 3,630 534 0
Jinan CCSA/B Jinan Steel 3,660 538 0
Guangzhou CCSA/B Shaoguan Steel 3,800 559 0
Average - - 3,697 544 0
 
 

17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.80


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