During the week ending December 2, average prices of steel plate in the Chinese domestic market have edged up, 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.
|
Product name |
Specification |
Category |
Average Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
|
Common carbon medium plate |
20 mm |
Q235 |
3,816 |
+36 |
543 |
+6 |
|
Low alloy medium plate |
20 mm |
Q345 |
3,935 |
+40 |
560 |
+7 |
|
Shipbuilding plate |
20 mm |
CCS A/B |
4,376 |
+10 |
623 |
+3 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
As of December 2, rebar futures prices at Shanghai Futures Exchange (SHFE) have decreased by 1.7 percent to RMB 3,634/mt ($517.7/mt), while HRC futures prices at SHFE have risen by 0.75 percent week on week, to RMB 3,609/mt ($514.1/mt), respectively, signaling diverse sentiments towards the future prospects for the steel market trends.
During the given week, some steel plate products have been in short supply, providing support for their prices. With more and more steel plate supplies arriving in the market, inventory levels have risen compared to the previous week. Since the weather is getting colder, demand will be slacker, which will negatively affect the steel plate market. It is thought that steel plate prices in the Chinese domestic market will move sideways in the coming week.
$1 = RMB 7.0262