Mainstream ex-China steel plate offer prices from mills have been heard at $850-860/mt FOB for June shipment as of today, Monday, May 16, remaining stable compared to May 9. Reference deal prices have been heard at $840-850/mt FOB to South America and Southeast Asia. Prices are stable after the sharp fall of $20-30/mt seen in late April.
During the given week, steel plate prices in the Chinese domestic market have fluctuated within a limited range amid the declining supplies from steelmakers. Meanwhile, demand for steel plate has remained slack, while transportation has been limited by Covid-19 restriction measures. Currently, the control measures have eased to some extent in some regions of China. It is thought that steel plate prices in the Chinese domestic market may indicate a slight rebound or continue to be stable in the coming week.
Average Q235 20 mm steel plate spot prices in China have moved down by RMB 37/mt ($5.4/mt) compared to May 9, standing at RMB 5,163/mt ($760/mt) ex-warehouse, according to SteelOrbis’ information.
As of May 16, HRC futures at the Shanghai Futures Exchange are standing at RMB 4,774/mt ($703/mt), rising by RMB 26/mt ($3.8/mt) or 0.55 percent since May 9.
$1 = RMB 6.7871
