Chinese domestic steel plate market comes under downward pressure

Monday, 24 July 2017 16:30:27 (GMT+3)   |   Shanghai
       

During the week ending July 24, average prices of medium steel plate in the Chinese domestic market have indicated slight fluctuations, with low alloy medium plate prices softening slightly, while transaction activity in the overall steel plate market has been at medium levels. Average steel plate prices in China are presented in the tables below.

During the given week, following previous significant rises in domestic steel plate prices, small increases in steel plate inventory levels and declines in hot rolled coil (HRC) futures prices in China have exerted downward pressure on the local steel plate market. It is thought that steel plate prices in the Chinese domestic market will likely move in a downward direction in the coming week.

Medium plate prices in local Chinese market 

Product Name

Quality

City

Steel Plant/Origin

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

8 mm common carbon mediumplate

Q235

Shanghai

Magang

3,930

581

↓20

Tianjin

Tiangang Steel

3,850

570

↑10

Lecong

Shaoguan Steel

4,090

605

0

Average price

-

3,957

585

↓3

20 mm common carbon mediumplate

Q235

Shanghai

Magang

3,620

536

↓20

Tianjin

Tiangang Steel

3,550

525

↑10

Lecong

Shaoguan Steel

3,680

544

↑40

Average price

-

3,617

535

↑10

30 mm common carbon mediumplate

Q235

Shanghai

Ansteel

3,650

540

↓30

Tianjin

Tiangang Steel

3,550

525

↑10

Average price

-

3,600

533

↓10

20 mm low alloy mediumplate

Q345

Shanghai

Magang

3,790

561

↓30

Tianjin

Tiangang Steel

3,700

547

↑10

Average price

-

3,745

554

↓10

 

Boiler and container plate prices in local Chinese market 

Product Name

Spec.

Quality

City

Steel Plant/Origin

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Boilerplate

20 mm

20G

Shanghai

Xinyu Steel

3,950

584

0

Beijing

Anyang Steel

4,080

604

↑20

Guangzhou

Liuzhou Steel

4,200

621

↑20

Average

-

4,077

603

↑13

Containerplate

8 mm

16MnR

Shanghai

Xinyu Steel

4,300

636

0

Guangzhou

Liuzhou Steel

4,740

701

↑20

Average

-

4,520

669

↑10

20 mm

16MnR

Shanghai

Xinyu Steel

4,050

599

0

Beijing

Jinan Steel

4,170

617

↑20

Guangzhou

Liuzhou Steel

4,250

629

↑20

Average

-

4,157

615

↑13

 

Shipbuilding plate prices in local Chinese market 

Product Name

Spec.

City

Quality

Place of Origin

Price (RMB/mt)

Price ($/mt)

Weekly change (RMB/mt)

ShipbuildingPlate

8 mm

Shanghai

CCSA/B

Xinyu Steel

4,050

599

↑20

Jinan

CCSA/B

Jinan Steel

4,190

620

↑10

Guangzhou

CCSA/B

Shaoguan Steel

4,210

623

↑100

Average

-

-

4,150

614

↑43

20 mm

Shanghai

CCSA/B

Xinyu Steel

3,770

558

↑20

Jinan

CCSA/B

Jinan Steel

3,970

587

↑10

Guangzhou

CCSA/B

Shaoguan Steel

4,030

596

↑100

Average

-

-

3,923

580

↑43

 

17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.76

 


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