Demand on the slack side in Chinese domestic steel plate market

Monday, 18 December 2017 17:02:20 (GMT+3)   |   Shanghai
       

As of December 18, average prices of steel plate in the Chinese domestic market have decreased very slightly week on week, 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 metal futures prices in China declined first, while moving back up, influencing steel plate prices in the domestic spot market. Amid cold weather conditions, demand for steel plate has been slack and traders have been willing to lower prices to attract more buyers. However, inventories are at low levels, which will provide some support for steel plate 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 medium plate

Q235

Shanghai

Magang

4,530

684

↓40

Tianjin

Tiangang Steel

4,520

683

↑10

Lecong

Shaoguan Steel

4,940

746

↓10

Average price

-

4,664

705

↓13

20 mm common carbon medium plate

Q235

Shanghai

Magang

4,280

647

↓10

Tianjin

Tiangang Steel

4,220

637

↑10

Lecong

Shaoguan Steel

4,530

684

↓10

Average price

-

4,343

656

↓3

30 mm common carbon medium plate

Q235

Shanghai

Ansteel

4,270

645

↑30

Tianjin

Tiangang Steel

4,220

637

↓10

Average price

-

4,245

641

↑10

20 mm low alloy medium plate

Q345

Shanghai

Magang

4,500

680

↓40

Tianjin

Tiangang Steel

4,370

660

↑10

Average price

-

4,435

670

↓15

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

4,580

692

↑30

Beijing

Anyang Steel

4,820

728

0

Guangzhou

Liuzhou Steel

4,880

737

↑100

Average

-

4,760

719

↑47

Container plate

8 mm

16MnR

Shanghai

Xinyu Steel

4,930

745

↑30

Guangzhou

Liuzhou Steel

5,420

819

↑100

Average

-

5,175

782

↑65

20 mm

16MnR

Shanghai

Xinyu Steel

4,680

707

↑30

Beijing

Jinan Steel

4,920

743

0

Guangzhou

Liuzhou Steel

4,930

745

↑100

Average

-

4,843

732

↑47

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

4,860

734

0

Jinan

CCSA/B

Jinan Steel

4,850

733

↓60

Guangzhou

CCSA/B

Shaoguan Steel

4,990

754

↑40

Average

-

-

4,900

740

↓7

20 mm

Shanghai

CCSA/B

Xinyu Steel

4,580

692

0

Jinan

CCSA/B

Jinan Stee

4,630

699

↓60

Guangzhou

CCSA/B

Shaoguan Steel

4,780

722

↑50

Average

-

-

4,663

704

↓3

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

$1 = RMB 6.62


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