During the week ending September 2, average prices of steel plate in the Chinese domestic market have edged down, 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.
|
Product name |
Specification |
Category |
Average Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
|
Common carbon medium plate |
20 mm |
Q235 |
3,783 |
-30 |
534 |
-4 |
|
Low alloy medium plate |
20 mm |
Q345 |
3,910 |
-45 |
551 |
-6 |
|
Shipbuilding plate |
20 mm |
CCS A/B |
4,477 |
-3 |
631 |
0 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
During the given week, rainy and very hot weather conditions have negatively affected domestic demand for steel plate. Suppliers in the Chinese steel plate market have chosen to lower their sales prices and reduce their inventory levels. Although September is regarded as the traditional peak season for the steel industry, the approach of Typhoon Lingling, the upcoming Mid-Autumn Day (September 13-15) and National Day Holiday will likely exert negative impacts on the steel plate market. It is expected that steel plate prices in the Chinese domestic market will fluctuate within a limited range in the coming week.