Chinese steel plate market dim
2014-09-01 09:03:34 [Print]
BEIJING (Asian Metal) 1 Sep 14 - Without stronger downstream demand, Chinese steel plate prices fall continuously in most regions like Shanghai and Tianjin. Insiders deem that the market is hard to make progress in the short run.
A sales official from a steel plate trading company in Foshan, Guangdong Province offers RMB3,330/t (USD542/t) VAT included for Q235B 16-20mm from Shaoguan Steel, no change compared with that of last trading day.
With the sales volume stable at 500tpd in past several days, the source reveals that the inventory is at the normal level of 15,000t and the company will not build large stocks in the short run. Showing that local price decreased by RMB20/t (USD3.2/t) last week, he estimates that it is likely to fall slightly further at the beginning of September.
A steel plate trader in Shanghai reports to Asian Metal that the quotation for Q235B 16-20mm from Xicheng is RMB3,180/t (USD518/t) VAT included, RMB20/t (USD3.2/t) lower than that of last trading day.
The source informs that customers are inactive in placing orders. “Though local price dropped by RMB40/t (USD6.4/t) in the past week, the sales volume was hard to excess 100tpd, while the target level is 200-300tpd,” he adds. In his opinion, golden September may be just a bubble.
A steel plate trader in Tianjin informs that the quotation for Q235B 16-20mm from Tianjin Steel is RMB3,040/t (USD495/t) VAT included, falling by RMB10/t (USD1.6/t) over that of last trading day.
According to the source, the sales volume was about 700tpd in past several days, relatively stable. He conveys that the markdown of RMB30/t (USD4.8/t) last week failed to stimulate downstream demand. Considering that prices are falling continuously in surrounding markets, he is not optimistic about the forthcoming market.
A sales official from a steel plate trading company in Foshan, Guangdong Province offers RMB3,330/t (USD542/t) VAT included for Q235B 16-20mm from Shaoguan Steel, no change compared with that of last trading day.
With the sales volume stable at 500tpd in past several days, the source reveals that the inventory is at the normal level of 15,000t and the company will not build large stocks in the short run. Showing that local price decreased by RMB20/t (USD3.2/t) last week, he estimates that it is likely to fall slightly further at the beginning of September.
A steel plate trader in Shanghai reports to Asian Metal that the quotation for Q235B 16-20mm from Xicheng is RMB3,180/t (USD518/t) VAT included, RMB20/t (USD3.2/t) lower than that of last trading day.
The source informs that customers are inactive in placing orders. “Though local price dropped by RMB40/t (USD6.4/t) in the past week, the sales volume was hard to excess 100tpd, while the target level is 200-300tpd,” he adds. In his opinion, golden September may be just a bubble.
A steel plate trader in Tianjin informs that the quotation for Q235B 16-20mm from Tianjin Steel is RMB3,040/t (USD495/t) VAT included, falling by RMB10/t (USD1.6/t) over that of last trading day.
According to the source, the sales volume was about 700tpd in past several days, relatively stable. He conveys that the markdown of RMB30/t (USD4.8/t) last week failed to stimulate downstream demand. Considering that prices are falling continuously in surrounding markets, he is not optimistic about the forthcoming market.
