Mainstream ex-China steel plate offer prices from mills have been heard at $680/mt FOB for June shipment as of today, Monday, April 10, edging down by $5/mt compared to April 3. Reference deal prices have been heard at $670/mt FOB to South America and Southeast Asia, also decreasing by $5/mt over the past week.
During the given week, steel plate prices in the Chinese domestic market have moved down amid moderate demand from downstream users. Sellers have cut prices of steel plate, stimulating transaction activities, while sentiment among market players has mostly been cautious. Inventory of steel plate has seen certain declines as market players chose to reduce inventories to avoid potential risks. It is expected that steel plate prices in the Chinese domestic market will likely fluctuate within a wider range in the coming week.
Average Q235 20 mm steel plate spot prices in China have lost RMB 43/mt ($6.25/mt) compared to April 3, standing at RMB 4,457/mt ($648/mt) ex-warehouse, according to SteelOrbis’ information.
As of April 10, HRC futures at the Shanghai Futures Exchange are standing at RMB 4,003/mt ($581/mt), decreasing by RMB 178/mt ($26/mt) or 4.25 percent since April 3.
$1 = RMB 6.8764
