It is reported that both export offer and domestic price for Chinese steel plate have kept weak and there have been less transaction.
On Shanghai market, commercial 16mm plate by Yingkou steel goes at CNY 3400 per tonne down by CNY200 per tonne from last Friday. That for commodity grade 14mm to 16mm plate by tier two steel producers has dropped by about CNY 200 per tonne to CNY 3250 per tonne.
CCSB 16mm ship plate price drop by CNY 50 per tonne to CNY 3800 per tonne. Q245R16 boiler plate price are down by CNY70 per tonne to CNY 4130 per tonne.
Offers for commodity grade plate by tier two steel makers has tumbled to USD 530 per tonne FOB and low level is at about USD 495 per tonne to USD 500 per tonne FOB. Exporters say overseas buyers are bidding at a so low a level that is totally not workable. European trader is even asking USD 450 per tonne to USD 460 per tonne FOB for commercial plate. It is really a pity that there is no chance."
Ship plate prices prevailing price for grade a material goes at USD 640 per tonne to USD 650 per tonne FOB and that for lower grade is at USD 620 per tonne to USD 630 per tonne lower. Transaction level is between USD 610 per tonne to USD 620 per tonne FOB. Most steel makers and traders tell Mysteel that there is even less export volume than that of commodity grade one.