Chinese domestic steel plate prices edge up very slightly

Monday, 14 January 2019 16:39:51 (GMT+3)   |   Shanghai
       

During the week ending January 14, average prices of steel plate in the Chinese domestic market have edged up very 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, some traders in the Chinese domestic steel plate market have built up their inventories, while HRC futures prices at Shanghai Futures Exchange (SHFE) have risen slightly, with both these factors providing support for domestic steel plate prices. However, demand from downstream users has failed to improve and is expected to remain at low levels ahead of the Chinese New Year holiday (February 2-10). 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 medium plate

Q235

Shanghai

Magang

4,170

617

↓10

Tianjin

Tiangang Steel

4,030

596

↑ 20

Lecong

Shaoguan Steel

4,340

642

0

Average price

-

4,226

625

↑ 3

20 mm common carbon medium plate

Q235

Shanghai

Magang

3,810

564

↓10

Tianjin

Tiangang Steel

3,720

550

↑ 20

Lecong

Shaoguan Steel

4,030

596

0

Average price

-

3,853

570

↑ 3

30 mm common carbon medium plate

Q235

Shanghai

Ansteel

3,860

571

↓10

Tianjin

Tiangang Steel

3,720

550

↑ 20

Average price

-

3,795

561

↑ 10

20 mm low alloy medium plate

Q345

Shanghai

Magang

4,120

609

↓10

Tianjin

Tiangang Steel

3,910

578

↑ 20

Average price

-

4,020

595

↑ 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

4,380

648

0

Beijing

Anyang Steel

4,410

652

0

Guangzhou

Liuzhou Steel

4,950

732

0

Average

-

4,580

678

0

Container plate

8 mm

16MnR

Shanghai

Xinyu Steel

4,730

700

0

Guangzhou

Liuzhou Steel

5,370

794

0

Average

-

5,050

747

0

20 mm

16MnR

Shanghai

Xinyu Steel

4,480

663

0

Beijing

Jinan Steel

4,530

670

0

Guangzhou

Liuzhou Steel

5,000

740

0

Average

-

4,670

691

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

4,470

661

↑ 10

Jinan

CCSA/B

Jinan Steel

4,590

679

↑40

Guangzhou

CCSA/B

Shaoguan Steel

4,780

707

0

Average

-

-

4,614

683

↑ 17

20 mm

Shanghai

CCSA/B

Xinyu Steel

4,160

615

↓20

Jinan

CCSA/B

Jinan Steel

4,370

646

↑ 40

Guangzhou

CCSA/B

Shaoguan Steel

4,570

676

0

Average

-

-

4,367

646

↑ 7


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

$1 = RMB 6.76


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