Chinese domestic steel plate prices mostly move downwards

Monday, 23 October 2017 16:15:20 (GMT+3)   |   Shanghai
       

During the week ending October 23, average prices of steel plate in the Chinese domestic market have decreased for common carbon and low alloy medium steel, though prices have risen slightly for shipbuilding plate, 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, semi-finished steel prices in northern China first moved upwards, pushing up domestic steel plate prices, while demand has not shown any significant improvement, exerting a negative impact on steel plate prices later in the week. However, ex-works prices from steelmakers are at relatively high levels, providing support for steel plate prices from the cost side. Meanwhile, steelmakers’ production cuts for the winter season are another factor affecting the steel plate market, which will reduce supply of steel plate and boost prices. It is thought that steel plate prices in the Chinese domestic market will likely 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

4,390

661

↓110

Tianjin

Tiangang Steel

4,430

667

↓50

Lecong

Shaoguan Steel

4,720

711

↑10

Average price

-

4,514

680

↓50

20 mm common carbon mediumplate

Q235

Shanghai

Magang

4,100

617

↓80

Tianjin

Tiangang Steel

4,130

622

↓50

Lecong

Shaoguan Steel

4,310

649

↑10

Average price

-

4,180

630

↓40

30 mm common carbon mediumplate

Q235

Shanghai

Ansteel

4,160

627

↓90

Tianjin

Tiangang Steel

4,130

622

↓50

Average price

-

4,145

624

↓70

20 mm low alloy mediumplate

Q345

Shanghai

Magang

4,250

640

↓90

Tianjin

Tiangang Steel

4,280

645

↓50

Average price

-

4,235

638

↓70

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

4,430

667

↑30

Beijing

Anyang Steel

4,610

694

↓170

Guangzhou

Liuzhou Steel

4,550

685

↑20

Average

-

4,524

681

↓40

Containerplate

8 mm

16MnR

Shanghai

Xinyu Steel

4,730

712

↓20

Guangzhou

Liuzhou Steel

5,090

767

↑20

Average

-

4,910

739

0

20 mm

16MnR

Shanghai

Xinyu Steel

4,480

675

↓20

Beijing

Jinan Steel

4,700

708

↓60

Guangzhou

Liuzhou Steel

4,600

693

↑20

Average

-

4,593

692

↓20

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

705

0

Jinan

CCSA/B

Jinan Steel

4,810

724

0

Guangzhou

CCSA/B

Shaoguan Steel

4,600

693

↓20

Average

-

-

4,696

707

↓7

20 mm

Shanghai

CCSA/B

Xinyu Steel

4,400

663

0

Jinan

CCSA/B

Jinan Stee

4,590

691

0

Guangzhou

CCSA/B

Shaoguan Steel

4,420

666

↓20

Average

-

-

4,468

673

↓7

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

$1 = RMB 6.64

 


Tags: Plate Flats Far East 

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