Local Chinese steel plate prices soften further

Monday, 17 June 2019 17:12:01 (GMT+3)   |   Shanghai
       

During the week ending June 17, average prices of steel plate in the Chinese domestic market have softened further due to increased output and slack demand, while transaction activity in the overall steel plate market has been at low levels. Average steel plate prices in China are presented in the table below.

During the given week, inventory levels in the domestic steel plate market have increased due to higher output amid slack demand. Following the decreases seen in steel plate prices, buyers have been a bit more willing to conclude purchases. Meanwhile, HRC futures prices in China have declined, which will exert a negative impact on domestic steel plate prices. It is expected that steel plate prices in the Chinese domestic market will fluctuate within a limited range 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

4,260

615

↓40

Tianjin

Tiangang Steel

4,030

582

↓20

Lecong

Shaoguan Steel

4,340

626

↓30

Average price

-

4,209

607

↓30

20 mm common carbon medium plate

Q235

Shanghai

Magang

3,960

571

↓20

Tianjin

Tiangang Steel

3,720

537

↓20

Lecong

Shaoguan Steel

4,030

582

↓30

Average price

-

3,903

563

↓23

30 mm common carbon medium plate

Q235

Shanghai

Ansteel

4,020

580

↓30

Tianjin

Tiangang Steel

3,720

537

↓20

Average price

-

3,860

557

↓25

20 mm low alloy medium plate

Q345

Shanghai

Magang

4,150

599

↓30

Tianjin

Tiangang Steel

3,960

571

0

Average price

-

4,055

585

↓15


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

4,530

654

↓40

Beijing

Anyang Steel

4,270

616

0

Guangzhou

Liuzhou Steel

4,820

696

↓10

Average

-

4,540

655

↓17

Container plate

8 mm

16MnR

Shanghai

Xinyu Steel

4,880

704

↓40

Guangzhou

Liuzhou Steel

5,260

759

↓10

Average

-

5,070

732

↓25

20 mm

16MnR

Shanghai

Xinyu Steel

4,630

668

↓40

Beijing

Jinan Steel

4,380

632

0

Guangzhou

Liuzhou Steel

4,890

706

↓10

Average

-

4,613

666

↓17

 

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

4,880

704

↓10

Jinan

CCSA/B

Jinan Steel

4,930

711

0

Guangzhou

CCSA/B

Shaoguan Steel

4,710

680

↓40

Average

-

-

4,840

698

↓17

20 mm

Shanghai

CCSA/B

Xinyu Steel

4,440

641

↓10

Jinan

CCSA/B

Jinan Steel

4,710

680

0

Guangzhou

CCSA/B

Shaoguan Steel

4,500

649

↓40

Average

-

-

4,549

656

↓17

13 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 6.93


Most Recent Related Articles

Some Izmir-based Turkish mills further reduce ship scrap purchase prices

CEBID: Turkish steel pipe output expected to increase in 2020

Japan's new ship export orders fall in 2019

Domestic rebar prices in Taiwan - week 4

Taiwan’s basic metal export orders down 14.6 percent in 2019