During the week ending November 25, average prices of steel plate in the Chinese domestic market have moved 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 |
3,713 |
+40 |
530 |
+5 |
|
Low alloy medium plate |
20 mm |
Q345 |
3,865 |
+20 |
552 |
+2 |
|
Shipbuilding plate |
20 mm |
CCS A/B |
4,336 |
-13 |
619 |
-3 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
As of November 25, rebar futures prices and HRC futures prices at Shanghai Futures Exchange (SHFE) have risen by 4.0 percent and 3.2 percent week on week to RMB 3,697/mt ($525/mt) and RMB 3,582/mt($508.8/mt), respectively, exerting a positive impact on the steel plate market.
During the given week, supply of some specifications of steel plate has been tight following improvements in transaction activities, and this has bolstered steel plate prices. Meanwhile, market sentiment has improved due to the rises also seen in prices of raw materials, including iron ore and coke. It is thought that steel plate prices in the Chinese domestic market will edge up further in the coming week.
$1 = RMB 7.0397