During the week ending September 12, average prices of common carbon and low alloy medium steel plate in the Chinese domestic market have indicated a downward trend, though with shipbuilding plate prices seeing a slight uptrend, while transaction activity in the overall market has been at low levels. Average steel plate prices in China are presented in the table below.
During the given week, bearish sentiment has started to prevail in Chinese steel plate market, exerting a negative impact on common carbon and low alloy steel plate prices, while shipbuilding plate prices have seen a slight uptrend due to supply shortage.
In northern China, some steelmakers have reduced their ex-works prices for steel plate, resulting in bearish sentiment on the market. Meanwhile, after G20 Hangzhou Summit, ferrous metal futures prices have indicated downward corrections due to lack of points for speculation, which negatively affected the steel plate market. It is thought that steel plate prices in the Chinese domestic market will likely see a slight downtrend in the coming week.
Product Name | Category | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
8 mm common carbon medium plate | Q235 | Shanghai | Xinyu Steel | 2,930 | 439 | ↑ 20 |
Tianjin | Tiangang Steel | 2,930 | 439 | ↓20 | ||
Lecong | Shaoguan Steel | 3,150 | 472 | ↓20 | ||
Average price | - | 3,003 | 450 | ↓7 | ||
20 mm common carbon medium plate | Q235 | Shangai | Magang | 2,670 | 400 | ↓30 |
Tianjin | Tiangang Steel | 2,630 | 394 | ↓20 | ||
Lecong | Shaoguan Steel | 2,760 | 413 | ↓20 | ||
Average price | - | 2,687 | 402 | ↓23 | ||
30 mm common carbon medium plate | Q235 | Shanghai | Magang | 2,680 | 401 | ↓30 |
Tianjin | Tiangang Steel | 2,650 | 397 | ↓20 | ||
Average price | - | 2,665 | 399 | ↓25 | ||
20 mm low alloy medium plate | Q345 | Shanghai | Magang | 2,760 | 413 | ↓60 |
Tianjin | Tiangang Steel | 2,780 | 416 | ↓20 | ||
Average price | - | 2,770 | 415 | ↓40 |
Boiler and container plate prices in local Chinese market
| Product Name | Spec, | Category | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Boiler plate | 20 mm | 20G | Shangai | Xinyu Steel | 2,900 | 434 | 0 |
| Beijing | Anyang | 3,020 | 452 | 0 | |||
| Guangzhou | Liuzhou Steel | 3,220 | 482 | 0 | |||
| Ortalama | - | 3,047 | 456 | 0 | |||
| Container plate | 8 mm | 16MnR | Shangai | Xinyu Steel | 3,250 | 487 | 0 |
| Guangzhou | Jinan Steel | 3,760 | 563 | 0 | |||
| Ortalama | - | 3,505 | 525 | 0 | |||
| 20 mm | 16MnR | Shangai | Xinyu Steel | 3,000 | 449 | 0 | |
| Beijing | Jinan Steel | 3,110 | 466 | 0 | |||
| Guangzhou | Liuzhou Steel | 3,270 | 490 | 0 | |||
| Ortalama | - | 3,127 | 468 | 0 |
Shipbuilding plate prices in local Chinese market
| Product Name | Spec, | City | Category | Place of Origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Shipbuilding Plate | 8 mm | Shanghai | CCSA/B | Xinyu Steel | 3,100 | 464 | 0 |
| Jinan | CCSA/B | Jinan Steel | 2,990 | 448 | 0 | ||
| Guangzhou | CCSA/B | Shaoguan | 3,170 | 475 | ↑ 70 | ||
| Average | - | - | 3,087 | 462 | ↑ 23 | ||
| 20 mm | Shanghai | CCSA/B | Xinyu Steel | 2,820 | 422 | 0 | |
| Jinan | CCSA/B | Jinan Steel | 2,820 | 422 | 0 | ||
| Guangzhou | CCSA/B | Shaoguan | 2,990 | 448 | ↑ 70 | ||
| Average | - | - | 2,877 | 431 | ↑ 23 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.68