Chinese steel plate market maintains slight uptrend

During the week ending December 24, steel plate prices in the local Chinese market have maintained a slight upward trend.
                 
Supported by semi-finished steel prices and rising steel futures prices, traders of medium plate in China became optimistic on the prospects for the market and increased their offer prices in the past week. Meanwhile, many traders are reluctant to sell amid the current insufficiency in terms of supply in the spot market. At the same time, however, there has not been any obvious improvement in demand and transaction volumes are on the weak side.
 
As for the short term, the Chinese domestic steel plate market is expected to follow a soft trend.