Chinese domestic steel plate prices move up

Monday, 17 July 2017 16:31:29 (GMT+3)   |   Shanghai
       

During the week ending July 17, average prices of medium steel plate in the Chinese domestic market have indicated an upward trend, with transaction activity in the overall steel plate market at medium levels. Average steel plate prices in China are presented in the table below.

During the given week, major steelmakers in northern China have increased their offer prices for steel plate, providing support for plate prices in the domestic market. Meanwhile, some steelmakers’ production lines have suspended production and the resulting reduction in supply is expected to exert some positive influence on steel plate prices. However, following the recent rapid rises in 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 3,950 583 ↑130
Tianjin Tiangang Steel 3,840 567 ↑70
Lecong Shaoguan Steel 4,090 604 ↑80
Average price - 3,959 585 ↑93
20 mm common carbon medium plate Q235 Shanghai Magang 3,640 538 ↑130
Tianjin Tiangang Steel 3,540 523 ↑70
Lecong Shaoguan Steel 3,640 538 ↑40
Average price - 3,607 533 ↑80
30 mm common carbon medium plate Q235 Shanghai Ansteel 3,680 544 ↑130
Tianjin Tiangang Steel 3,540 523 ↑70
Average price - 3,610 533 ↑100
20 mm low alloy medium plate Q345 Shanghai Magang 3,820 564 ↑110
Tianjin Tiangang Steel 3,690 545 ↑70
Average price - 3,755 555 ↑90

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 3,950 583 ↑100
Beijing Anyang Steel 4,060 600 ↑40
Guangzhou Liuzhou Steel 4,180 617 0
Average - 4,064 600 ↑47
Container plate 8 mm 16MnR Shanghai Xinyu Steel 4,300 635 ↑100
Guangzhou Liuzhou Steel 4,720 697 0
Average - 4,510 666 ↑50
20 mm 16MnR Shanghai Xinyu Steel 4,050 598 ↑100
Beijing Jinan Steel 4,150 613 ↑70
Guangzhou Liuzhou Steel 4,230 625 0
Average - 4,144 612 ↑57

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 4,030 595 ↑20
Jinan CCSA/B Jinan Steel 4,180 617 ↑70
Guangzhou CCSA/B Shaoguan Steel 4,110 607 ↑10
Average - - 4,106 606 ↑33
20 mm Shanghai CCSA/B Xinyu Steel 3,750 554 ↑20
Jinan CCSA/B Jinan Steel 3,960 585 ↑70
Guangzhou CCSA/B Shaoguan Steel 3,930 581 ↑10
Average - - 3,880 573 ↑33

17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.77


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