As of January 16, average prices of steel plate in the Chinese domestic market have mostly increased slightly compared to one week ago, while transaction activity in the overall market has been at medium levels. Average steel plate prices in China are presented in the table below.
In the given week, with ferrous metal futures prices in China indicating a rising trend, average domestic steel plate prices have edged up slightly. However, given the current slack season for business, demand for steel plate is unlikely to improve significantly, especially given the approaching Chinese New Year holiday. Speculative activity has resumed in the ferrous metal futures market, but sentiment on the prospects for an improvement in purchasing activity is not positive, which will exert negative pressure on steel plate prices in the spot market. It is thought that steel plate prices in the Chinese domestic market will likely move sideways or edge down slightly in the coming week.
Medium plate prices in local Chinese market
| Product Name | Quality | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| 8 mm common carbon medium plate | Q235 | Shanghai | Magang | 3,740 | 542 | ↑80 |
| Tianjin | Tiangang Steel | 3,690 | 535 | ↑40 | ||
| Lecong | Shaoguan Steel | 4,040 | 586 | ↑20 | ||
| Average price | - | 3,824 | 554 | ↑47 | ||
| 20 mm common carbon medium plate | Q235 | Shangai | Magang | 3,490 | 506 | ↑90 |
| Tianjin | Tiangang Steel | 3,390 | 491 | ↑40 | ||
| Lecong | Shaoguan Steel | 3,700 | 536 | 0 | ||
| Average price | - | 3,526 | 511 | ↑43 | ||
| 30 mm common carbon medium plate | Q235 | Shanghai | Ansteel | 3,620 | 525 | ↑110 |
| Tianjin | Tiangang Steel | 3,390 | 491 | ↑40 | ||
| Average price | - | 3,505 | 508 | ↑75 | ||
| 20 mm low alloy medium plate | Q345 | Shanghai | Magang | 3,640 | 528 | ↑80 |
| Tianjin | Tiangang Steel | 3,540 | 513 | ↑40 | ||
| Average price | - | 3,590 | 520 | ↑60 |
Boiler and container plate prices in local Chinese market
| Product Name | Spec. | Quality | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Boiler plate | 20 mm | 20G | Shangai | Xinyu Steel | 3,850 | 558 | 0 |
| Beijing | Anyang Steel | 3,740 | 542 | 0 | |||
| Guangzhou | Liuzhou Steel | 4,350 | 630 | 0 | |||
| Average | - | 3,980 | 577 | 0 | |||
| Container plate | 8 mm | 16MnR | Shangai | Xinyu Steel | 4,200 | 609 | 0 |
| Guangzhou | Liuzhou Steel | 4,890 | 709 | 0 | |||
| Average | - | 4,545 | 659 | 0 | |||
| 20 mm | 16MnR | Shangai | Xinyu Steel | 3,950 | 572 | 0 | |
| Beijing | Jinan Steel | 3,830 | 555 | 0 | |||
| Guangzhou | Liuzhou Steel | 4,400 | 638 | 0 | |||
| Average | - | 4,060 | 588 | 0 |
Shipbuilding plate prices in local Chinese market
| Product Name | Spec. | City | Quality | Place of Origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Shipbuilding Plate | 8 mm | Shanghai | CCSA/B | Xinyu Steel | 4,160 | 603 | ↑50 |
| Jinan | CCSA/B | Jinan Steel | 3,890 | 564 | 0 | ||
| Guangzhou | CCSA/B | Shaoguan Steel | 4,160 | 603 | ↓50 | ||
| Average | - | - | 4,070 | 590 | 0 | ||
| 20 mm | Shanghai | CCSA/B | Xinyu Steel | 3,880 | 562 | ↑50 | |
| Jinan | CCSA/B | Jinan Steel | 3,670 | 532 | 0 | ||
| Guangzhou | CCSA/B | Shaoguan Steel | 3,980 | 577 | ↓50 | ||
| Average | - | - | 3,843 | 557 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.90