Tight supply provides support for Chinese domestic steel plate market

Monday, 28 December 2015 15:43:49 (GMT+3)   |   Shanghai
       

During the week ending December 28, steel plate prices in the Chinese domestic market have indicated an overall upward trend, while transaction activity in the overall market is now at decent levels. Average steel plate prices in China are presented in the tables below. 
 
During the given week, steel plate supplies in the Chinese domestic spot market have been on the short side, providing a certain degree of support for prices. At the same time, inventory levels of steel plate are lower than in the previous week. However, the rising trend of steel plate prices is unlikely to continue as demand remains slack. Approaching the end of the year, traders are experiencing tight liquidity, which will exert some negative pressure on steel plate prices. 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 ($/mt) Weekly Change (RMB/mt)  
8 mm common carbon medium plate Q235 Shanghai Xinyu Steel 2,080 320 ↑50
Tianjin Tiangang Steel 2,150 331 0
Lecong Shaoguan Steel 2,430 374 ↑30
Average price - 2,220 342 ↑20
20 mm common carbon medium plate Q235 Shangai Magang 1,940 299 ↑70
Tianjin Tiangang Steel 1,850 285 0
Lecong Shaoguan Steel 2,090 322 ↑30
Average price - 1,960 302 ↑33
30 mm common carbon medium plate Q235 Shanghai Magang 1,960 302 ↑80
Tianjin Tiangang Steel 1,870 288 0
Average price - 1,915 295 ↑40
20 mm low alloy medium plate Q345 Shanghai Magang 2,080 320 ↑50
Tianjin Tiangang Steel 2,050 316 0
Average price - 2,065 318 ↑25
Boiler and container plate prices in local Chinese market 
Product Name Spec, Category City Steel Plant/Origin Price (RMB/mt) Price ($/mt) Weekly Change (RMB/mt)
Boiler plate 20 mm 20G Shangai Xinyu Steel 2,200 339 0
Beijing Anyang 2,130 328 0
Guangzhou Liuzhou Steel 2,550 393 0
Ortalama - 2,293 353 0
Container plate 8 mm 16MnR Shangai Xinyu Steel 2,700 416 0
Guangzhou Jinan Steel 3,100 478 0
Ortalama - 2,900 447 0
20 mm 16MnR Shangai Xinyu Steel 2,300 354 0
Beijing Jinan Steel 2,230 344 0
Guangzhou Liuzhou Steel 2,650 408 0
Ortalama - 2,393 339 0
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 2,380 367 ↑40
Jinan CCSA/B Jinan Steel 2,070 319 0
Guangzhou CCSA/B Shaoguan 2,360 364 0
Average - - 2,270 350 ↑13
20 mm Shanghai CCSA/B Xinyu Steel 2,100 324 ↑40
Jinan CCSA/B Jinan Steel 1,900 293 0
Guangzhou CCSA/B Shaoguan 2,100 324 0
Average - - 2,034 313 ↑14

17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.49


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