Chinese domestic steel plate market follows upward trend

Monday, 15 April 2019 17:42:02 (GMT+3)   |   Shanghai
       

During the week ending April 15, average prices of steel plate in the Chinese domestic market have edged up, while transaction activity in the overall steel plate market has been at low-to-medium levels. Average steel plate prices in China are presented in the table below.

During the given week, ferrous metal futures prices in China have increased, exerting a positive impact on domestic steel plate prices. However, following the rises in steel plate prices, market participants have become more cautious on the prospects for the price trend, with some traders being willing to negotiate on prices in order to lower their inventory levels. It is expected that steel plate prices in the Chinese domestic market will fluctuate within a limited range 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

4,390

654

↑10

Tianjin

Tiangang Steel

4,290

639

↑10

Lecong

Shaoguan Steel

4,560

680

↑60

Average price

-

4,413

658

↑27

20 mm common carbon medium plate

Q235

Shanghai

Magang

4,120

614

↑40

Tianjin

Tiangang Steel

3,980

593

↑10

Lecong

Shaoguan Steel

4,250

633

↑60

Average price

-

4,117

614

↑37

30 mm common carbon medium plate

Q235

Shanghai

Ansteel

4,210

627

↑60

Tianjin

Tiangang Steel

3,980

593

↑10

Average price

-

4,095

610

↑35

20 mm low alloy medium plate

Q345

Shanghai

Magang

4,300

641

↑30

Tianjin

Tiangang Steel

4,200

626

↑10

Average price

-

4,250

633

↑20

 

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

Shanghai

Xinyu Steel

4,630

690

0

Beijing

Anyang Steel

4,670

696

↑30

Guangzhou

Liuzhou Steel

4,980

742

0

Average

-

4,760

709

↑10

Container plate

8 mm

16MnR

Shanghai

Xinyu Steel

4,980

742

0

Guangzhou

Liuzhou Steel

5,420

808

0

Average

-

5,200

775

0

20 mm

16MnR

Shanghai

Xinyu Steel

4,730

705

0

Beijing

Jinan Steel

4,780

712

↑30

Guangzhou

Liuzhou Steel

5,050

753

0

Average

-

4,853

723

↑10

 

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

4,800

715

↑50

Jinan

CCSA/B

Jinan Steel

4,930

735

↑20

Guangzhou

CCSA/B

Shaoguan Steel

4,780

712

0

Average

-

-

4,837

721

↑23

20 mm

Shanghai

CCSA/B

Xinyu Steel

4,490

669

↑50

Jinan

CCSA/B

Jinan Steel

4,710

702

↑20

Guangzhou

CCSA/B

Shaoguan Steel

4,570

681

0

Average

-

-

4,590

684

↑23

 

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

$1 = RMB 6.71


Most Recent Related Articles

Ex-China CRC offer prices rise further but are uncompetitive

China’s steel sheet and plate exports up 5.1% in Apr

China’s plate export prices continue to increase as domestic market still preferential

Ex-China HRC offers edge up, Vietnam agrees to buy at higher prices from India

Demand for ex-China HDG weak after holiday, prices stable