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  • Chinese steel plate market improves

    2024-04-10 08:26:14   [Print]
    BEIJING (Asian Metal) 10 Apr 24 - The domestic steel plate market performance shows signs of improving this week, and prices increase in most regions. Presently, the mainstream prices of steel plate Q235B 14-25mm hover at RMB3,740/t (USD517/t), RMB3,870/t (USD535/t) and RMB3,810/t (USD527/t) D/P respectively in warehouses Tangshan, Shenyang and Shanghai, with the former two up by RMB10/t (USD1.4/t) and the latter one stable compared with Monday.Asian Metal Copyright Nevertheless, given the demand from downstream industries remains far from strong, the trader thinks prices of steel plate powerless to edge up again and would keep firm in the upcoming several days.Asian Metal Copyright Insiders foresee firm prices of steel plate in the following several days upon the wait-and-see attitudes of traders.

    "We sold 2,100t of steel plate at around RMB3,730/t (USD516/t) on Monday, while just sold 400-500t a day in the middle of March. Therefore, we lifted prices further by RMB10/t (USD1.4/t) on Tuesday after the markup of RMB20/t (USD3/t) on Monday," disclosed a trader in Tangshan, Hebei, quoting RMB3,740/t (USD517/t) D/P without concession for steel plate Q235B 14-25mm.Asian Metal Copyright A trader in Shenyang, Liaoning confirms the improving market, and he sold 500t of steel plate easily on Monday, while just sold 200-300t a day early this month.Asian Metal Copyright According to him, the demand from downstream industries recovers gradually.Asian Metal Copyright He roughly sold 38,000t of steel plate in the first quarter of 2024.Asian Metal Copyright Besides, the purchasing enthusiasms of end users increase following the narrowing price change.Asian Metal Copyright However, he does not expect for another price rise in the coming several days upon the rising supply from steel mills and believes prices of steel plate would keep firm in the forthcoming several days.Asian Metal Copyright However, he does not expect for another price rise in the coming several days upon the rising supply from steel mills and believes prices of steel plate would keep firm in the forthcoming several days.

    Presently, the trader holds around 12,000t of steel plate. Based on the typical monthly sales volume of 18,000t, he would sell 16,000t of steel plate in April, against 14,000t in March.Asian Metal Copyright He forecasts firm prices of steel plate in the forthcoming several days.Asian Metal Copyright He roughly sold 38,000t of steel plate in the first quarter of 2024.

    A trader in Shenyang, Liaoning confirms the improving market, and he sold 500t of steel plate easily on Monday, while just sold 200-300t a day early this month. According to him, the significant price rebound of iron ore and the spirally upward price trend of steel plate strengthen the confidence of end users to some degree, and those watching the market previously placed orders this week. Stimulated by the better sales performance, the trader lifted prices of steel plate Q235B 14-25mm further to RMB3,870/t (USD535/t) and sold about 400t on Tuesday, and he raised prices twice with the markup of RMB20/t (USD3/t) on Monday.Asian Metal Copyright .Asian Metal Copyright Nevertheless, given the demand from downstream industries remains far from strong, the trader thinks prices of steel plate powerless to edge up again and would keep firm in the upcoming several days.

    With the regular sales volume of 5,000t, the trader estimates that the sales volume would achieve 4,500t in April, up from 3,000t in March. He roughly sold 39,000t of steel plate in 2023 and 8,000t in the first three months of 2024.Asian Metal Copyright Presently, the mainstream prices of steel plate Q235B 14-25mm hover at RMB3,740t USD517t, RMB3,870t USD535t and RMB3,810t USD527t DP respectively in warehouses Tangshan, Shenyang and Shanghai, with the former two up by RMB10t USD1.Asian Metal Copyright The trader holds about 2,000t of stocks for the moment.

    A trader in Shanghai confirms the active purchasing attitudes of end users. "The sharp and continuous price rebound of iron ore strengthens the confidence of market participants to some degree. Besides, most participants believe prices of steel plate hit the bottom," added the trader, who sold 300t of steel plate Q235B 14-25mm at RMB3,810/t (USD527/t) on Tuesday, and last sold 200t of the material at the same price on Monday.Asian Metal Copyright However, he does not expect for another price rise in the coming several days upon the rising supply from steel mills and believes prices of steel plate would keep firm in the forthcoming several days.Asian Metal Copyright In the meantime, the trader points out that the demand from downstream industries improves gradually, but keeps far from strong.Asian Metal Copyright "We sold 2,100t of steel plate at around RMB3,730t USD516t on Monday, while just sold 400-500t a day in the middle of March.Asian Metal Copyright He forecasts firm prices of steel plate in the forthcoming several days.

    Holding around 7,000t in stock, the trader would sell 4,500t of steel plate in April, against 4,000t in March. Based on the regular monthly sales volume of 5,000t, he sold about 11,000t of steel plate in the first quarter of 2024 and 51,000t in 2023.


    .Asian Metal Copyright Presently, the trader holds around 12,000t of steel plateAsian Metal Copyright
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