During the week ending May 27, average prices of steel plate in the Chinese domestic market have mostly moved on a stable trend, though prices have softened in the Lecong market due to slack demand, while transaction activity in the overall steel plate market has been at low-to-medium levels. Average steel plate prices in China are presented in the table below.
During the given week, domestic steel plate prices have moved on a stable trend in most regions, though indicating a downward trend in the Lecong market due to slack demand and prevailing bearish sentiment. However, steelmakers prefer to maintain the strength of their steel plate sales prices due to the high cost of iron ore. Inventories in the steel plate market have risen slightly but are still at relatively low levels. It is expected that steel plate prices in the Chinese domestic market will move sideways in the coming week.
Medium plate prices in local Chinese market
|
Product Name |
Quality |
City |
Steel Plant/Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
8 mm common carbon medium plate |
Q235 |
Shanghai |
Magang |
4,390 |
636 |
0 |
|
Tianjin |
Tiangang Steel |
4,200 |
609 |
0 |
||
|
Lecong |
Shaoguan Steel |
4,570 |
662 |
↓20 |
||
|
Average price |
- |
4,386 |
636 |
↓7 |
||
|
20 mm common carbon medium plate |
Q235 |
Shanghai |
Magang |
4,100 |
594 |
0 |
|
Tianjin |
Tiangang Steel |
3,890 |
564 |
0 |
||
|
Lecong |
Shaoguan Steel |
4,260 |
617 |
↓20 |
||
|
Average price |
- |
4,083 |
592 |
↓7 |
||
|
30 mm common carbon medium plate |
Q235 |
Shanghai |
Ansteel |
4,180 |
606 |
0 |
|
Tianjin |
Tiangang Steel |
3,890 |
564 |
0 |
||
|
Average price |
- |
4,035 |
585 |
0 |
||
|
20 mm low alloy medium plate |
Q345 |
Shanghai |
Magang |
4,280 |
620 |
0 |
|
Tianjin |
Tiangang Steel |
4,110 |
596 |
0 |
||
|
Average price |
- |
4,195 |
608 |
0 |
Boiler and container plate prices in local Chinese market
|
Product Name |
Spec. |
Quality |
City |
Steel Plant/Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
Boiler plate |
20 mm |
20G |
Shanghai |
Xinyu Steel |
4,630 |
671 |
↑20 |
|
Beijing |
Anyang Steel |
4,460 |
646 |
0 |
|||
|
Guangzhou |
Liuzhou Steel |
4,930 |
714 |
0 |
|||
|
Average |
- |
4,632 |
671 |
↑7 |
|||
|
Container plate |
8 mm |
16MnR |
Shanghai |
Xinyu Steel |
4,980 |
722 |
↑20 |
|
Guangzhou |
Liuzhou Steel |
5,370 |
778 |
0 |
|||
|
Average |
- |
5,175 |
750 |
↑10 |
|||
|
20 mm |
16MnR |
Shanghai |
Xinyu Steel |
4,730 |
686 |
↑20 |
|
|
Beijing |
Jinan Steel |
4,570 |
662 |
0 |
|||
|
Guangzhou |
Liuzhou Steel |
5,000 |
725 |
0 |
|||
|
Average |
- |
4,767 |
691 |
↑7 |
Shipbuilding plate prices in local Chinese market
|
Product Name |
Spec. |
City |
Quality |
Place of Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
Shipbuilding plate |
8 mm |
Shanghai |
CCSA/B |
Xinyu Steel |
4,990 |
723 |
0 |
|
Jinan |
CCSA/B |
Jinan Steel |
4,930 |
714 |
0 |
||
|
Guangzhou |
CCSA/B |
Shaoguan Steel |
4,780 |
693 |
0 |
||
|
Average |
- |
- |
4,900 |
710 |
0 |
||
|
20 mm |
Shanghai |
CCSA/B |
Xinyu Steel |
4,550 |
659 |
0 |
|
|
Jinan |
CCSA/B |
Jinan Steel |
4,710 |
683 |
0 |
||
|
Guangzhou |
CCSA/B |
Shaoguan Steel |
4,570 |
662 |
0 |
||
|
Average |
- |
- |
4,610 |
668 |
0 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.90