It is reported that both export price and domestic prices see further decrease for steel plate.
On Shanghai market, commercial 16mm plate by Yingkou steel is being quoted at CNY 3800 per tonne, commodity grade 14mm to 16mm plate by tier two steel are tagged at CNY 3200 per tonne down CNY 150 per tonne and CNY 280 per tonne respectively from last Friday.
CCSB ship plate is being quoted at CNY 4100 per tonne, Q245R16 boiler plate at CNY 4300 per tonne down by CNY 450 per tonne and CNY 300 per tonne WoW.
Offers for commodity grade plate by tier two steel makers have dropped to USD 600 per tonne FOB down from USD 660 per tonne to USD 700 per tonne FOB in last week. While those by tier one steel producers are being quoted at USD 650 per tonne FOB a drop of USD 50 per tonne.
Ship plate prices are also down by small range. Those by tier two steel mills are at about USD 980 per tonne FOB as base for 2.3mm up wide material, down USD 30 per tonne from September. While those for 1.8mm to 2 mm wide plate are merely offered at USD 870 per tonne to USD 880 per tonne FOB and those 3 mm and up cargo are at about USD 1000 per tonne to USD 1020 per tonne FOB.