Chinese domestic medium plate prices soften

Monday, 18 February 2019 17:31:50 (GMT+3)   |   Shanghai
       

During the week ending February 18, average prices of common carbon medium plate and low alloy medium plate in the Chinese domestic market have softened, though shipbuilding plate prices 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, demand has not shown any improvement as most players have not returned to the market yet after the recent holiday. The effect of the rises in import iron ore prices due to the dam collapse in Brazil has faded, resulting in decreases in common carbon and low alloy steel plate prices. Ferrous metal futures prices were at high levels at the very beginning of the given week, but declined steadily during the latter part of the given week, affecting the steel plate market. However, demand will likely improve after the Lantern Festival (February 19). It is expected that steel plate prices in the Chinese domestic market will rise 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

4,200

620

↑20

Tianjin

Tiangang Steel

4,160

614

↓60

Lecong

Shaoguan Steel

4,340

641

0

Average price

-

4,234

625

↓13

20 mm common carbon medium plate

Q235

Shanghai

Magang

3,940

582

↓10

Tianjin

Tiangang Steel

3,850

569

↓60

Lecong

Shaoguan Steel

4,030

595

0

Average price

-

3,940

582

↓23

30 mm common carbon medium plate

Q235

Shanghai

Ansteel

4,010

592

↑10

Tianjin

Tiangang Steel

3,850

569

↓60

Average price

-

3,930

581

↓25

20 mm low alloy medium plate

Q345

Shanghai

Magang

4,190

619

↑10

Tianjin

Tiangang Steel

4,030

595

↓80

Average price

-

4,110

607

↓35

 

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

4,460

645

↑80

Beijing

Anyang Steel

4,410

649

0

Guangzhou

Liuzhou Steel

4,980

726

↑50

Average

-

4,616

673

↑43

Container plate

8 mm

16MnR

Shanghai

Xinyu Steel

4,810

697

↑80

Guangzhou

Liuzhou Steel

5,420

791

↑50

Average

-

5,115

744

↑65

20 mm

16MnR

Shanghai

Xinyu Steel

4,560

660

↑80

Beijing

Jinan Steel

4,530

667

0

Guangzhou

Liuzhou Steel

5,050

736

↑50

Average

-

4,713

688

↑43

 

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

4,610

681

↑140

Jinan

CCSA/B

Jinan Steel

4,820

712

0

Guangzhou

CCSA/B

Shaoguan Steel

4,780

706

↑50

Average

-

-

4,736

700

↑63

20 mm

Shanghai

CCSA/B

Xinyu Steel

4,300

635

↑140

Jinan

CCSA/B

Jinan Steel

4,600

679

0

Guangzhou

CCSA/B

Shaoguan Steel

4,570

675

↑50

Average

-

-

4,490

663

↑63


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

$1 = RMB 6.77


Most Recent Related Articles

US CRC spot market prices still adjusting

Sentiment for US scrap prices in March shows signs of improvement

Rebar spot prices in Turkey unchanged on US dollar basis

HR spot prices up in Turkey despite slow sales

Higher billet prices set in Turkish market