Mainstream ex-China steel plate offer prices from mills have been heard at $680/mt FOB for April shipment as of today, Monday, February 13, remaining stable compared to February 6. Reference deal prices have been heard at $670/mt FOB to South America and Southeast Asia, also moving sideways compared to February 6.
During the given week, steel plate prices in the Chinese domestic market have remained stable amid the increasing capacity utilization rates on producers’ side. Demand from downstream users has improved slightly, while HRC futures prices indicated a decreasing trend in recent two trading days, signaling cautious sentiments among market players. It is thought that steel plate prices in the Chinese domestic market will likely fluctuate within a limited range.
Average Q235 20 mm steel plate spot prices in China have remained unchanged compared to February 6, standing at RMB 4,283/mt ($633/mt) ex-warehouse, according to SteelOrbis’ information.
As of February 13, HRC futures at the Shanghai Futures Exchange are standing at RMB 4,082/mt ($599/mt), decreasing by RMB 13/mt ($19/mt) or 0.3 percent since February 6.
$1 = RMB 6.8151
