During the week ending July 31, average prices of steel plate in the Chinese domestic market have increased, 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 metals futures prices in China mostly followed a fluctuating trend, though they have risen sharply today, July 31, due to the significant increase in the Chinese stock market. Accordingly, the domestic steel plate market has also received a boost. As bullish sentiment prevails in the steel plate market, prices are unlikely to soften, though the increasing inventories in the market will exert some negative pressure on prices. It is thought that steel plate prices in the Chinese domestic market will likely move sideways in the coming week.
Medium plate prices in local Chinese market
| Product Name | Quality | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| 8 mm common carbon medium plate | Q235 | Shanghai | Magang | 3,980 | 591 | ↑50 |
| Tianjin | Tiangang Steel | 3,880 | 577 | ↑30 | ||
| Lecong | Shaoguan Steel | 4,140 | 615 | ↑50 | ||
| Average | - | 4,000 | 594 | ↑43 | ||
| 20 mm common carbon medium plate | Q235 | Shanghai | Magang | 3,670 | 545 | ↑50 |
| Tianjin | Tiangang Steel | 3,580 | 532 | ↑30 | ||
| Lecong | Shaoguan Steel | 3,730 | 554 | ↑50 | ||
| Average | - | 3,660 | 544 | ↑43 | ||
| 30 mm common carbon medium plate | Q235 | Shanghai | Ansteel | 3,700 | 550 | ↑50 |
| Tianjin | Tiangang Steel | 3,580 | 532 | ↑30 | ||
| Average | - | 3,640 | 541 | ↑40 | ||
| 20 mm low alloy medium plate | Q345 | Shanghai | Magang | 3,810 | 566 | ↑20 |
| Tianjin | Tiangang Steel | 3,730 | 554 | ↑30 | ||
| Average | - | 3,770 | 560 | ↓25 |
Boiler and container plate prices in local Chinese market
| Product Name | Spec. | Quality | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Boiler plate | 20 mm | 20G | Shanghai | Xinyu Steel | 3,950 | 587 | 0 |
| Beijing | Anyang Steel | 4,080 | 606 | 0 | |||
| Guangzhou | Liuzhou Steel | 4,200 | 624 | 0 | |||
| Average | - | 4,077 | 606 | 0 | |||
| Container plate | 8 mm | 16MnR | Shanghai | Xinyu Steel | 4,300 | 639 | 0 |
| Guangzhou | Liuzhou Steel | 4,740 | 704 | 0 | |||
| Average | - | 4,520 | 672 | 0 | |||
| 20 mm | 16MnR | Shanghai | Xinyu Steel | 4,050 | 602 | 0 | |
| Beijing | Jinan Steel | 4,170 | 620 | 0 | |||
| Guangzhou | Liuzhou Steel | 4,250 | 632 | 0 | |||
| Average | - | 4,157 | 618 | 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 | 4,050 | 602 | 0 |
| Jinan | CCSA/B | Jinan Steel | 4,200 | 624 | ↑10 | ||
| Guangzhou | CCSA/B | Shaoguan Steel | 4,210 | 626 | 0 | ||
| Average | - | - | 4,154 | 617 | ↑4 | ||
| 20 mm | Shanghai | CCSA/B | Xinyu Steel | 3,770 | 560 | 0 | |
| Jinan | CCSA/B | Jinan Steel | 3,980 | 591 | ↑10 | ||
| Guangzhou | CCSA/B | Shaoguan Steel | 4,030 | 599 | 0 | ||
| Average | - | - | 3,927 | 584 | ↑4 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.73