Downtrend in Chinese steel plate market

Monday, 15 July 2019 12:05:43 (GMT+3)   |   Shanghai
       

During the week ending July 15, average prices of steel plate in the Chinese domestic market have edged down, while transaction activity in the overall steel plate market has been at low levels. Average steel plate prices in China are presented in the table below.

During the given week, steel plate output has been lower than previous week due to production cut policy for environmental protection aim. The hot rolled coil (HRC) futures prices at Shanghai Futures Exchange (SHFE) have moved down in the first part of the given week, exerting a negative impact on steel plate market. However, the HRC futures prices edge up on July 15, which will likely bolster steel plate market in the near future. It is expected that steel plate prices in the Chinese domestic market will fluctuate within a limited range 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

4,250

618

↓40

Tianjin

Tiangang Steel

4,130

600

0

Lecong

Shaoguan Steel

4,340

631

↓20

Average price

-

4,240

616

↓20

20 mm common carbon medium plate

Q235

Shanghai

Magang

3,950

574

↓30

Tianjin

Tiangang Steel

3,,820

555

0

Lecong

Shaoguan Steel

4,030

586

↓20

Average price

-

3,933

572

↓17

30 mm common carbon medium plate

Q235

Shanghai

Ansteel

4,030

586

↓40

Tianjin

Tiangang Steel

3,820

555

0

Average price,

-

3,925

570

↓20

20 mm low alloy medium plate

Q345

Shanghai

Magang

4,150

603

↓10

Tianjin

Tiangang Steel

4,060

590

0

Average price

-

4,105

597

↓5

 

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

4,480

651

0

Beijing

Anyang Steel

4,390

638

0

Guangzhou

Liuzhou Steel

4,810

699

0

Average

-

4,560

663

0

Container plate

8 mm

16MnR

Shanghai

Xinyu Steel

4,830

702

0

Guangzhou

Liuzhou Steel

5,250

763

0

Average

-

5,040

733

0

20 mm

16MnR

Shanghai

Xinyu Steel

4,580

666

0

Beijing

Jinan Steel

4,500

654

0

Guangzhou

Liuzhou Steel

4,880

709

0

Average

-

4,653

676

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

4,810

699

↓20

Jinan

CCSA/B

Jinan Steel

4,930

717

0

Guangzhou

CCSA/B

Shaoguan Steel

4,710

685

0

Average

-

-

4,817

700

↓7

20 mm

Shanghai

CCSA/B

Xinyu Steel

4,390

638

↓20

Jinan

CCSA/B

Jinan Steel

4,710

685

0

Guangzhou

CCSA/B

Shaoguan Steel

4,500

654

0

Average

-

-

4,533

659

↓7

 

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

$1 = RMB 6.88

 


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