Chinese domestic steel plate prices continue to decline

Monday, 12 November 2018 16:53:40 (GMT+3)   |   Shanghai
       

During the week ending November 12, average prices of steel plate in the Chinese domestic market have declined, while transaction activity in the overall steel plate market has been at low levels. Average steel plate prices in China are presented in the table below.

During the given week, ferrous metal futures prices in China have edged down, exerting a negative impact on the domestic steel plate market. In addition, steel plate supplies have increased, which resulted in stronger pressure on prices in the spot market. However, market participants think that, following the decreases in prices already seen, the room for further declines in prices is now limited. It is expected that steel plate prices in the Chinese domestic market will move on a stable trend 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

4,640

667

↓100

Tianjin

Tiangang Steel

4,390

631

↓120

Lecong

Shaoguan Steel

4,610

662

↓60

Average price

-

4,547

653

↓93

20 mm common carbon medium plate

Q235

Shanghai

Magang

4,200

603

↓80

Tianjin

Tiangang Steel

4,080

586

↓120

Lecong

Shaoguan Steel

4,300

618

↓60

Average price

-

4,193

602

↓87

30 mm common carbon medium plate

Q235

Shanghai

Ansteel

4,290

616

↓80

Tianjin

Tiangang Steel

4,080

586

↓120

Average price

-

4,185

601

↓100

20 mm low alloy medium plate

Q345

Shanghai

Magang

4,450

639

↓60

Tianjin

Tiangang Steel

4,270

614

↓120

Average price

-

4,360

626

↓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

4,800

690

↓30

Beijing

Anyang Steel

4,610

662

↓80

Guangzhou

Liuzhou Steel

5,190

746

↓20

Average

-

4,867

699

↓43

Container plate

8 mm

16MnR

Shanghai

Xinyu Steel

5,150

740

↓30

Guangzhou

Liuzhou Steel

5,610

806

↓90

Average

-

5,350

769

↓60

20 mm

16MnR

Shanghai

Xinyu Steel

4,900

704

↓30

Beijing

Jinan Steel

4,730

680

↓80

Guangzhou

Liuzhou Steel

5,240

753

↓20

Average

-

4,957

712

↓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

4,950

711

↓90

Jinan

CCSA/B

Jinan Steel

4,880

701

↓80

Guangzhou

CCSA/B

Shaoguan Steel

4,980

716

↓50

Average

-

-

4,937

709

↓73

20 mm

Shanghai

CCSA/B

Xinyu Steel

4,670

671

↓90

Jinan

CCSA/B

Jinan Steel

4,660

670

↓80

Guangzhou

CCSA/B

Shaoguan Steel

4,770

685

↓50

Average

-

-

4,700

675

↓73

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

$1 = RMB 6.96


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