Chinese domestic steel plate market continues to increase

Monday, 13 August 2018 15:36:11 (GMT+3)   |   Shanghai
       

During the week ending August 13, average prices of steel plate in the Chinese domestic market have continued to increase. Transaction activity in the overall steel plate market has been at medium levels. Average steel plate prices in China are presented in the table below.

During the given week, ferrous metal futures prices have moved up, exerting a positive impact on steel plate prices in spot market. Meanwhile, there were insufficient resources in spot market, bolstering steel plate prices. Moreover, steelmakers have increased their ex-works prices for steel plate, providing certain support to steel plate prices from cost side. It is expected that steel plate prices in the Chinese domestic market will edge up 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

4,900

712

↑60

Tianjin

Tiangang Steel

4,660

677

↑60

Lecong

Shaoguan Steel

4,870

708

↑50

Average price

-

4,810

699

↑57

20 mm common carbon medium plate

Q235

Shanghai

Magang

4,450

647

↑70

Tianjin

Tiangang Steel

4,360

634

↑60

Lecong

Shaoguan Steel

4,550

661

↑50

Average price

-

4,453

647

↑60

30 mm common carbon medium plate

Q235

Shanghai

Ansteel

4,550

661

↑80

Tianjin

Tiangang Steel

4,360

634

↑60

Average price

-

4,455

648

↑70

20 mm low alloy medium plate

Q345

Shanghai

Magang

4,660

677

↑70

Tianjin

Tiangang Steel

4,540

660

↑60

Average price

-

4,600

669

↑65

 

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

4,880

709

↑80

Beijing

Anyang Steel

4,950

719

↑60

Guangzhou

Liuzhou Steel

5,210

757

↑40

Average

-

5,013

729

↑60

Container plate

8 mm

16MnR

Shanghai

Xinyu Steel

5,230

760

↑80

Guangzhou

Liuzhou Steel

5,700

828

↑40

Average

-

5,465

794

↑60

20 mm

16MnR

Shanghai

Xinyu Steel

4,980

724

↑80

Beijing

Jinan Steel

5,050

734

↑60

Guangzhou

Liuzhou Steel

5,260

765

↑40

Average

-

5,096

741

↑60

 

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

5,050

734

↑30

Jinan

CCSA/B

Jinan Steel

5,060

735

↑30

Guangzhou

CCSA/B

Shaoguan Steel

5,080

738

0

Average

-

-

5,063

736

↑20

20 mm

Shanghai

CCSA/B

Xinyu Steel

4,770

693

↑30

Jinan

CCSA/B

Jinan Steel

4,840

703

↑30

Guangzhou

CCSA/B

Shaoguan Steel

4,870

708

0

Average

-

-

4,837

703

↑20

 

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

$1 = RMB 6.88


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