Chinese domestic steel plate market moves up

Monday, 30 July 2018 14:05:05 (GMT+3)   |   Shanghai
       

During the week ending July 30, average prices of steel plate in the Chinese domestic market have moved on an upward trend. 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, while domestic semi-finished steel prices have continued to rise, with these factors having a positive impact on steel plate prices. Inventories in the steel plate market are at relatively low levels, providing further support for steel plate prices. It is expected that steel plate prices in the Chinese domestic market will move up further 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

4,830

708

↑10

Tianjin

Tiangang Steel

4,580

672

↑70

Lecong

Shaoguan Steel

4,750

696

↑30

Average price

-

4,720

692

↑37

20 mm common carbon medium plate

Q235

Shanghai

Magang

4,360

639

↑30

Tianjin

Tiangang Steel

4,280

628

↑70

Lecong

Shaoguan Steel

4,430

650

↑30

Average price

-

4,357

639

↑43

30 mm common carbon medium plate

Q235

Shanghai

Ansteel

4,420

648

↑40

Tianjin

Tiangang Steel

4,280

628

↑70

Average price

-

4,350

638

↑55

20 mm low alloy medium plate

Q345

Shanghai

Magang

4,560

669

↑30

Tianjin

Tiangang Steel

4,460

654

↑70

Average price

-

4,510

661

↑50

 

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

4,750

696

↓50

Beijing

Anyang Steel

4,860

713

↑30

Guangzhou

Liuzhou Steel

5,150

755

0

Average

-

4,920

721

↓7

Container plate

8 mm

16MnR

Shanghai

Xinyu Steel

5,100

748

↓50

Guangzhou

Liuzhou Steel

5,640

827

0

Average

-

5,370

787

↓25

20 mm

16MnR

Shanghai

Xinyu Steel

4,850

711

↓50

Beijing

Jinan Steel

4,960

727

↑30

Guangzhou

Liuzhou Steel

5,200

762

0

Average

-

5,003

734

↓7

 

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

4,980

730

↓20

Jinan

CCSA/B

Jinan Steel

5,000

733

↑80

Guangzhou

CCSA/B

Shaoguan Steel

5,060

742

0

Average

-

-

5,013

735

↑20

20 mm

Shanghai

CCSA/B

Xinyu Steel

4,700

689

↓20

Jinan

CCSA/B

Jinan Steel

4,780

701

↑80

Guangzhou

CCSA/B

Shaoguan Steel

4,850

711

0

Average

-

-

4,777

700

↑20

 

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

$1 = RMB 6.82


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