September 9 Shanghai market ship plate prices held steady overall

The opening of the market on the 9th, the Shanghai market ship plate prices remained stable overall. 8mm shipbuilding plate market mainstream price of 5100 yuan / ton, 12mm new shipbuilding plate market mainstream price 4800-4850 yuan / ton, TISCO, Magang's 16mm factory opened flat plate mainstream quotes in 4550-4600 yuan / ton; 16mm Kaiping ship plate mainstream quotes in 4450-4500 yuan / ton.

From the market feedback, the market turnover on the 8th is still normal. The market opened on the 9th and merchants' prices remained stable. At present, the market is in a state of shock adjustment. After the price has risen in the previous period, the demand has not been significantly released and the price continues to rise. However, the upward adjustment of steel prices has led to a further increase in costs, coupled with the impact of local power curtailment, and late-stage resources. The supply has decreased, which has strong support for market prices, and some businesses are cautiously optimistic about the outlook. Only the end user's acceptance of the price increase needs a process, the procurement will be more cautious, wait and see mood is stronger. In the short term, the market price of the shipboard plate will remain stable. At present, the overcapacity of domestic shipbuilding plates is relatively obvious. It is estimated that the shipbuilding coil production capacity exceeds 30 million tons, and the current domestic demand for shipbuilding plates is around 16 million tons. In addition, there are still a large number of companies that concentrate their production on general shipboard products, making the structural surplus of shipbuilding plates more prominent. From January to July 2010, the total output of major shipbuilding companies in China totaled 9.916 million tons, an increase of 35.7% year-on-year.