Chinese plate export price remain

Tag : s plate
July 27, 2008
Chinese plate export price remain high
It is reported that export offers for Chinese steel plate remain athigh level this week.

Domestic plate prices have started to go down. On Shanghai market,commercial 16mm plate by Yingkou steel is being quoted at CNY 6550per tonne, commodity grade 16mm to 20mm plate by Chunye and Feidasteel are tagged at CNY 6060 per tonne to CNY 6080 per tonne downby CNY 50 per tonne to CNY 100 per tonne and CNY 40 per tonne toCNY 50 per tonne respectively. Low alloyed 40mm plate goes at CNY7300 per tonne flat with last week

Quotations for commodity grade plate by tier one steel mills are ataround USD 1300 per tonne to USD 1320 per tonne FOB as base, butthere is not much export volume. Those by tier two steel makers areUSD 1140 per tonne to USD 1170 per tonne FOB September shipment.

Ship plate by tier two steel mills are between USD 1360 per tonneto USD 1380 per tonne FOB as base, while those by tier oneproducers have jumped to USD 1430 per tonne to USD 1440 per tonneup in September or October shipment. Contract prices are about USD10 per tonne to USD 15 per tonne lower.

(Sourced from MySteel.net)