Mainstream ex-China steel plate offer prices from mills have been heard at $780-790/mt FOB for August shipment as of today, Monday, June 13, edging down by $5/mt compared to June 6. Reference deal prices have been heard at $770-780/mt FOB to South America and Southeast Asia.
During the given week, steel plate prices in the Chinese domestic market have seen an overall downtrend amid declining HRC futures prices. Though demand for steel plate improved following the lifting of the lockdown in Shanghai, the rainy season in eastern and southern China has negatively affected demand. It is thought that steel plate prices in the Chinese domestic market will fluctuate within a limited range in the coming week.
Average Q235 20 mm steel plate spot prices in China have edged down by RMB 53/mt ($7.9/mt) compared to June 6, standing at RMB 5,000/mt ($746/mt) ex-warehouse, according to SteelOrbis’ information.
As of June 13, HRC futures at the Shanghai Futures Exchange are standing at RMB 4,780/mt ($713.4/mt), decreasing by RMB 65/mt ($9.7/mt) or 1.3 percent since June 6.
$1 = RMB 6.7182
