Local Chinese steel plate market mostly moves sideways

Monday, 27 May 2019 15:43:44 (GMT+3)   |   Shanghai
       

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


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