Quiet activity in Chinese domestic steel plate market

Monday, 12 February 2018 16:49:52 (GMT+3)   |   Shanghai
       

During the week ending February 12, average prices of steel plate in the Chinese domestic market have been stable, 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, most downstream users have been on holiday, resulting in quiet activity in the domestic steel plate market. It is expected that steel plate prices in the Chinese domestic market will move on a stable trend in the coming week. As for the week after the Chinese New Year holiday (February 15-21), traders are mostly optimistic on the prospects for the market, which will likely contribute to a rising trend in domestic steel plate prices.

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

4,350

687

0

Tianjin

Tiangang Steel

4,300

679

0

Lecong

Shaoguan Steel

4,590

725

0

Average price

-

4,413

697

0

20 mm common carbon medium plate

Q235

Shanghai

Magang

4,100

648

0

Tianjin

Tiangang Steel

4,000

632

0

Lecong

Shaoguan Steel

4,180

660

0

Average price

-

4,093

647

0

30 mm common carbon medium plate

Q235

Shanghai

Ansteel

4,160

657

0

Tianjin

Tiangang Steel

4,000

632

0

Average price

-

4,080

645

0

20 mm low alloy medium plate

Q345

Shanghai

Magang

4,300

679

0

Tianjin

Tiangang Steel

4,150

656

0

Average price

-

4,225

667

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

4,500

711

0

Beijing

Anyang Steel

4,660

736

0

Guangzhou

Liuzhou Steel

4,720

746

0

Average

-

4,627

731

0

Container plate

8 mm

16MnR

Shanghai

Xinyu Steel

4,900

774

0

Guangzhou

Liuzhou Steel

5,260

831

0

Average

-

5,080

803

0

20 mm

16MnR

Shanghai

Xinyu Steel

4,600

727

0

Beijing

Jinan Steel

4,760

752

0

Guangzhou

Liuzhou Steel

4,770

754

0

Average

-

4,710

744

0

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

4,730

747

0

Jinan

CCSA/B

Jinan Steel

4,720

746

0

Guangzhou

CCSA/B

Shaoguan Steel

4,820

761

0

Average

-

-

4,756

751

0

20 mm

Shanghai

CCSA/B

Xinyu Steel

4,450

703

0

Jinan

CCSA/B

Jinan Stee

4,500

711

0

Guangzhou

CCSA/B

Shaoguan Steel

4,610

728

0

Average

-

-

4,520

714

0

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

$1 = RMB 6.33


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