Supplies increase in local Chinese domestic steel plate market

Monday, 16 May 2016 17:02:52 (GMT+3) | Shanghai

During the week ending May 16, average steel plate prices in the Chinese domestic market have mostly indicated a declining trend though with some slight upticks at the end of the week, while transaction activity in the overall market has been at decent levels, despite slackening compared to the previous week. Average steel plate prices in China are presented in the tables below.

Domestic steel plate prices are lower compared to one week ago. More steel plate supplies have arrived in the market, exerting pressure on the steel plate market from the supply side, while inventory levels in the market are expected to increase. Currently, in eastern China, purchase prices for slab are relatively high and so local steel plate producers will likely be less willing to buy slab and produce plate. It is thought that steel plate prices in the Chinese domestic market will likely move sideways in the coming week.

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	2,980	457	↑20
		Tianjin	Tiangang Steel	2,710	416	↓230
		Lecong	Shaoguan Steel	2,900	445	↓170
		Average price	-	2,864	439	↓126
20 mm common carbon medium plate	Q235	Shangai	Magang	2,570	394	↓140
		Tianjin	Tiangang Steel	2,410	370	↓230
		Lecong	Shaoguan Steel	2,630	403	↓230
		Average price	-	2,537	389	↓180
30 mm common carbon medium plate	Q235	Shanghai	Magang	2,670	410	↓10
		Tianjin	Tiangang Steel	2,430	373	↓230
		Average price	-	2,550	391	↓120
20 mm low alloy medium plate	Q345	Shanghai	Magang	2,680	411	↓140
		Tianjin	Tiangang Steel	2,560	393	↓230
		Average price	-	2,620	402	↓185

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	3,100	475	↓100
			Beijing	Anyang	2,930	449	↓300
			Guangzhou	Liuzhou Steel	3,180	488	↓70
			Ortalama	-	3,070	471	↓157
Container plate	8 mm	16MnR	Shangai	Xinyu Steel	3,450	529	↓100
			Guangzhou	Jinan Steel	3,720	571	↓70
			Ortalama	-	3,585	550	↓175
	20 mm	16MnR	Shangai	Xinyu Steel	3,200	491	↓100
			Beijing	Jinan Steel	3,030	465	↓300
			Guangzhou	Liuzhou Steel	3,280	503	↓20
			Ortalama	-	3,177	487	↓133

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	3,340	512	↓10
		Jinan	CCSA/B	Jinan Steel	2,870	440	↓200
		Guangzhou	CCSA/B	Shaoguan	3,130	480	↓70
		Average	-	-	3,114	478	↓93
	20 mm	Shanghai	CCSA/B	Xinyu Steel	3,060	469	↓10
		Jinan	CCSA/B	Jinan Steel	2,700	414	↓200
		Guangzhou	CCSA/B	Shaoguan	2,980	457	↓200
		Average	-	-	2,914	447	↓93

17 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 6.52

Supplies increase in local Chinese domestic steel plate market

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