At the start of the past week, domestic plate prices in China moved up on the back of shortages of supply and rising billet prices. In addition, plate prices have also been boosted by lack of new arrivals in the market and decreases in inventory. However, traders have become less confident due to slackening demand from downstream users and low trading activity.
As for the short-term forecast, plate prices in China are expected to fluctuate within a narrow margin against a background of low inventory and sluggish demand.