Chinese domestic steel plate prices continue to move upwards

Monday, 16 October 2017 16:16:22 (GMT+3)   |   Shanghai
       

During the week ending October 16, average prices of steel plate in the Chinese domestic market have continued to increase, 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 metals futures prices have shifted from downtrend to uptrend after the middle of the week, exerting a positive impact on steel plate market. Meanwhile, inventory level of steel plate has been at low levels, also bolstering steel plate prices. Currently, the 19th National Congress of the Communist Party of China is scheduled to begin on October 18, the demand in northern China will be slack due to production cut for environmental protection, which will likely drag down prices there. It is thought that steel plate prices in the Chinese domestic market will 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 mediumplate

Q235

Shanghai

Magang

4,500

683

↑50

Tianjin

Tiangang Steel

4,480

680

↑120

Lecong

Shaoguan Steel

4,710

715

↑30

Average price

-

4,564

693

↑67

20 mm common carbon mediumplate

Q235

Shanghai

Magang

4,180

634

↑20

Tianjin

Tiangang Steel

4,180

634

↑120

Lecong

Shaoguan Steel

4,300

653

↑30

Average price

-

4,220

640

↑57

30 mm common carbon mediumplate

Q235

Shanghai

Ansteel

4,250

645

↑20

Tianjin

Tiangang Steel

4,180

634

↑120

Average price

-

4,215

640

↑70

20 mm low alloy mediumplate

Q345

Shanghai

Magang

4,340

659

↑40

Tianjin

Tiangang Steel

4,330

657

↑120

Average price

-

4,305

653

↑80

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)

Boilerplate

20 mm

20G

Shanghai

Xinyu Steel

4,400

668

↑50

Beijing

Anyang Steel

4,780

725

0

Guangzhou

Liuzhou Steel

4,530

687

↑80

Average

-

4,564

693

↑37

Containerplate

8 mm

16MnR

Shanghai

Xinyu Steel

4,750

721

↑50

Guangzhou

Liuzhou Steel

5,070

769

↑80

Average

-

4,910

745

↑65

20 mm

16MnR

Shanghai

Xinyu Steel

4,500

683

↑50

Beijing

Jinan Steel

4,760

722

0

Guangzhou

Liuzhou Steel

4,580

695

↑80

Average

-

4,613

700

↑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)

ShipbuildingPlate

8 mm

Shanghai

CCSA/B

Xinyu Steel

4,680

710

↑50

Jinan

CCSA/B

Jinan Steel

4,810

730

↑110

Guangzhou

CCSA/B

Shaoguan Steel

4,620

701

↑60

Average

-

-

4,703

714

↑73

20 mm

Shanghai

CCSA/B

Xinyu Steel

4,400

668

↑50

Jinan

CCSA/B

Jinan Stee

4,590

697

↑110

Guangzhou

CCSA/B

Shaoguan Steel

4,440

674

↑60

Average

-

-

4,475

679

↑73

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

$1 = RMB 6.59


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