During the week ending July 27, steel plate prices in the Chinese domestic market have seen a slight rebound for common carbon medium plate, though remaining stable for low alloy medium plate and shipbuilding plate, while overall transaction activity in the market has been better than in the previous week but still generally remains on the slack side. Average steel plate prices in China are presented in the tables below.
During the given week, inventory levels of medium steel plate have decreased, with some products being in short supply, thereby providing some support for prices. Meanwhile, sentiment among traders has improved somewhat and some of them are now more willing to build up their inventories. However, approaching the end of the month liquidity is tight among traders, which makes it difficult for them to conclude purchases. It is expected that steel plate prices in the Chinese domestic market will move sideways in the coming week.
Medium plate prices in local Chinese market
| Product Name | Category | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| 8 mm common carbon medium plate | Q235 | Shanghai | Xinyu Steel | 2,480 | 399 | ↑10 |
| Tianjin | Tiangang Steel | 2,300 | 370 | 0 | ||
| Lecong | Shaoguan Steel | 2,440 | 393 | ↑20 | ||
| Average price | - | 2,407 | 388 | ↑10 | ||
| 20 mm common carbon medium plate | Q235 | Shangai | Magang | 2,020 | 325 | ↑20 |
| Tianjin | Tiangang Steel | 2,000 | 322 | 0 | ||
| Lecong | Shaoguan Steel | 2,100 | 338 | ↑20 | ||
| Average price | - | 2,040 | 329 | ↑13 | ||
| 30 mm common carbon medium plate | Q235 | Shanghai | Magang | 2,110 | 340 | ↑40 |
| Tianjin | Tiangang Steel | 2,020 | 325 | 0 | ||
| Average price | - | 2,065 | 333 | ↑20 | ||
| 20 mm low alloy medium plate | Q345 | Shanghai | Magang | 2,170 | 349 | 0 |
| Tianjin | Tiangang Steel | 2,200 | 354 | 0 | ||
| Average price | - | 2,185 | 352 | 0 |
All prices are on theoretical weight basis, 17% VAT is included and all prices are ex-warehouse.
Boiler and container plate prices in local Chinese market
| Product Name | Spec, | Category | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Boiler plate | 20 mm | 20G | Shangai | Xinyu Steel | 2,550 | 411 | 0 |
| Beijing | Anyang | 2,350 | 378 | 0 | |||
| Guangzhou | Liuzhou Steel | 3,100 | 499 | 0 | |||
| Ortalama | - | 2,667 | 429 | 0 | |||
| Container plate | 8 mm | 16MnR | Shangai | Xinyu Steel | 3,050 | 491 | 0 |
| Guangzhou | Jinan Steel | 3,590 | 578 | 0 | |||
| Ortalama | - | 3,320 | 535 | 0 | |||
| 20 mm | 16MnR | Shangai | Xinyu Steel | 2,650 | 427 | 0 | |
| Beijing | Jinan Steel | 2,450 | 395 | 0 | |||
| Guangzhou | Liuzhou Steel | 3,150 | 507 | 0 | |||
| Ortalama | - | 2,750 | 443 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
Shipbuilding plate prices in local Chinese market
Product Name Spec, City Category Place of Origin Price (RMB/mt) Price ($/mt) Weekly change (RMB/mt) Shipbuilding Plate 8 mm Shanghai CCSA/B Xinyu Steel 2,660 428 0 Jinan CCSA/B Jinan Steel 2,700 435 0 Guangzhou CCSA/B Shaoguan 2,680 432 0 Average - - 2,680 432 0 20 mm Shanghai CCSA/B Xinyu Steel 2,380 383 0 Jinan CCSA/B Jinan Steel 2,410 388 0 Guangzhou CCSA/B Shaoguan 2,390 385 0 Average - - 2,393 385 0
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.21