Supplies expected to increase in Chinese domestic steel plate market

Monday, 25 April 2016 15:51:59 (GMT+3)   |   Shanghai
       

During the week ending April 25, steel plate prices in the Chinese domestic market have continued their rising trend. Transaction activity in the overall market has been at good levels. Average steel plate prices in China are presented in the tables below.

During the given week, finished steel futures prices in China have indicated a rising trend, providing support for steel plate prices in the domestic spot market. Meanwhile, relatively low steel plate inventories and increased semi-finished steel prices have also exerted a positive impact on steel plate prices. However, supplies from steel plate producers in northern China have started to increase, while supplies arriving in the domestic market are expected to increase further after the Labor Day holiday (April 30-May 2) holiday. It is thought that domestic steel plate prices will likely indicate a correction in the coming week following the significant increases already seen in the market.

Product NameCategoryCitySteel Plant/OriginPrice (RMB/mt)Price ($/mt)Weekly Change (RMB/mt)
8 mm common carbon medium plateQ235ShanghaiXinyu Steel3,270503↑200
TianjinTiangang Steel3,280505↑250
LecongShaoguan Steel3,440529↑250
Average price-3,330512↑233
20 mm common carbon medium plateQ235ShangaiMagang3,100477↑250
TianjinTiangang Steel2,980458↑250
LecongShaoguan Steel3,170488↑250
Average price-3,083474↑250
30 mm common carbon medium plateQ235ShanghaiMagang3,070472↑230
TianjinTiangang Steel3,000462↑250
Average price-3,035467↑240
20 mm low alloy medium plateQ345ShanghaiMagang3,180489↑200
TianjinTiangang Steel3,130482↑250
Average price-3,155485↑225

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 Steel3,400523↑400
BeijingAnyang3,260502↑150
GuangzhouLiuzhou Steel3,300508↑180
Ortalama-3,320511↑243
Container plate8 mm16MnRShangaiXinyu Steel3,750577↑400
GuangzhouJinan Steel3,840591↑180
Ortalama-3,795584↑290
20 mm16MnRShangaiXinyu Steel3,500538↑400
BeijingJinan Steel3,360517↑150
GuangzhouLiuzhou Steel3,400523↑180
Ortalama-3,420526↑243

Shipbuilding plate prices in local Chinese market

Product NameSpec,CityCategoryPlace of OriginPrice (RMB/mt)Price ($/mt)Weekly change (RMB/mt)
Shipbuilding Plate8 mmShanghaiCCSA/BXinyu Steel3,580551↑300
JinanCCSA/BJinan Steel3,250500↑160
GuangzhouCCSA/BShaoguan3,000462↑60
Average--3,277504↑173
20 mmShanghaiCCSA/BXinyu Steel3,300508↑300
JinanCCSA/BJinan Steel3,080474↑160
GuangzhouCCSA/BShaoguan3,150485↑270
Average--3,177489↑243

17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.50


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