Chinese domestic steel plate prices soften slightly

Monday, 13 May 2019 16:52:02 (GMT+3)   |   Shanghai
       

During the week ending May 13, average prices of steel plate in the Chinese domestic market have moved down slightly, 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 moved down after the Labor Day holiday due to the US announcing tariff hikes for Chinese commodities, exerting a negative impact on the domestic steel plate market. Inventories of steel plate has been at relatively low levels on the traders’ side as they have been unwilling to build up stocks due to their increased caution as regards the future prospects for the market. The traditional peak season is now over and demand will be slacker in the coming period. It is thought that steel plate prices in the Chinese domestic market will likely soften in the week ahead.


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

4,430

644

0

Tianjin

Tiangang Steel

4,220

613

↓30

Lecong

Shaoguan Steel

4,610

670

↓10

Average price

-

4,420

642

↓13

20 mm common carbon medium plate

Q235

Shanghai

Magang

4,140

602

0

Tianjin

Tiangang Steel

3,910

568

↓30

Lecong

Shaoguan Steel

4,300

625

↓10

Average price

-

4,117

598

↓13

30 mm common carbon medium plate

Q235

Shanghai

Ansteel

4,220

613

↓20

Tianjin

Tiangang Steel

3,910

568

↓30

Average price

-

4,065

591

↓25

20 mm low alloy medium plate

Q345

Shanghai

Magang

4,320

628

↑10

Tianjin

Tiangang Steel

4,110

597

↓30

Average price

-

4,215

613

↓10

 

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

673

0

Beijing

Anyang Steel

4,690

682

0

Guangzhou

Liuzhou Steel

4,930

717

0

Average

-

4,750

690

0

Container plate

8 mm

16MnR

Shanghai

Xinyu Steel

4,980

724

0

Guangzhou

Liuzhou Steel

5,370

781

0

Average

-

5,175

752

0

20 mm

16MnR

Shanghai

Xinyu Steel

4,730

688

0

Beijing

Jinan Steel

4,800

698

0

Guangzhou

Liuzhou Steel

5,000

727

0

Average

-

4,843

704

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

4,990

725

↑40

Jinan

CCSA/B

Jinan Steel

4,930

717

0

Guangzhou

CCSA/B

Shaoguan Steel

4,780

695

0

Average

-

-

4,900

712

↑13

20 mm

Shanghai

CCSA/B

Xinyu Steel

4,550

661

↓20

Jinan

CCSA/B

Jinan Steel

4,710

685

0

Guangzhou

CCSA/B

Shaoguan Steel

4,570

664

0

Average

-

-

4,610

670

↓7

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

$1 = RMB 6.88


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