Weak activity in Chinese domestic steel plate market

Monday, 05 September 2016 17:48:16 (GMT+3)   |   Shanghai
       

During the week ending September 5, average prices of steel plate in the Chinese domestic market have indicated a downward trend, while transaction activity in the overall market has been at low levels. Average steel plate prices in China are presented in the table below.

During the given week, semi-finished steel prices in China have softened, exerting a negative impact on the domestic finished steel market. Meanwhile, the ferrous metal futures market in China has mostly moved on a downward trend, also weakening the support for domestic steel plate prices. Market players have mostly been maintaining a wait-and-see stance as regards the future trend of the market. However, some rebounds seen in ferrous metal futures prices in China at the end of the past week may provide support for domestic steel plate prices. It is expected that steel plate prices in the Chinese domestic market will likely move sideways in the coming week.

Product NameCategoryCitySteel Plant/OriginPrice (RMB/mt)Price ($/mt)Weekly Change (RMB/mt)
8 mm common carbon medium plateQ235ShanghaiXinyu Steel2,910436↓230
TianjinTiangang Steel2,9504420
LecongShaoguan Steel3,170475↓50
Average price-3,010451↓94
20 mm common carbon medium plateQ235ShangaiMagang2,700404↓30
TianjinTiangang Steel2,6503970
LecongShaoguan Steel2,780416↓50
Average price-2,710406↓27
30 mm common carbon medium plateQ235ShanghaiMagang2,710406↓60
TianjinTiangang Steel2,670400↑20
Average price-2,690403↓20
20 mm low alloy medium plateQ345ShanghaiMagang2,820422↓110
TianjinTiangang Steel2,8004190
Average price-2,810421↑55

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 Steel2,9004340,000
BeijingAnyang3,020452↓20
GuangzhouLiuzhou Steel3,220482↑50
Ortalama-3,047456↑10
Container plate8 mm16MnRShangaiXinyu Steel3,2504870,000
GuangzhouJinan Steel3,760563↑50
Ortalama-3,505525↑25
20 mm16MnRShangaiXinyu Steel3,0004490,000
BeijingJinan Steel3,110466↓20
GuangzhouLiuzhou Steel3,270490↑50
Ortalama-3,127468↑10

 
Shipbuilding plate prices in local Chinese market

Product NameSpec,CityCategoryPlace of OriginPrice (RMB/mt)Price ($/mt)Weekly change (RMB/mt)
Shipbuilding Plate8 mmShanghaiCCSA/BXinyu Steel3,14640
JinanCCSA/BJinan Steel2,99448↓40
GuangzhouCCSA/BShaoguan3,1464↑20
Average--3,064459↓6
20 mmShanghaiCCSA/BXinyu Steel2,824220
JinanCCSA/BJinan Steel2,82422↓40
GuangzhouCCSA/BShaoguan2,92437↑20
Average--2,854427↓6

                                                                  
17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.68


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