Chequered Plate Prices: During the Quarter Ending December 2023

In North America, particularly in the USA, the Chequered Plate market witnessed a slight decline during the fourth quarter of 2023, influenced by several significant factors impacting prices. Initially, Chequered Plate prices surged in the US due to heightened demand from the chemical and automotive industries, coupled with limited upstream material supply. Despite robust economic indicators, the unresolved steel dispute between the EU and the US, along with global increases in metallurgical coke and non-coking coal prices, added pressure.

However, by December, Chequered Plate prices in the US began to decline due to increased production, reduced consumption, and a rise in supply from key producer Outokumpu. Surpluses in Nickel and Chequered Plate Scrap persisted, while disruptions in the Australian coal industry further influenced market dynamics. Additionally, the anticipation of the wind power sector surpassing coal in electricity generation by 2026 impacted market sentiments. Low inventory levels, reduced downstream demand, and winter-related disruptions contributed to the continuation of low Chequered Plate prices in the US market. The latest settled prices of Chequered Plate (6 mm) DEL Texas in the USA by the end of December 2023 were recorded at USD 10660/MT.

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In the Asia-Pacific region, the fourth quarter of 2023 presented challenges for the Chequered Plate market. Initially, Chequered Plate prices in the Chinese spot market declined in October due to a shift in demand towards the southern direction, influenced by Anti-dumping and Countervailing duties in the US and European markets. Uncertainties in upstream Steel scrap and Nickel availability in Chinese warehouses added to the market complexities. Chinese steelmakers sought iron ore, resulting in the lowest Chinese iron ore stocks in 7 years. However, as the quarter progressed, Chequered Plate prices decreased due to increased Nickel supply and reduced global consumption. Despite decreased demand globally, Chequered Plate prices in the Chinese spot market remained steady in December, influenced by adverse weather conditions, increased Nickel supply, and trade disruptions in the Red Sea route. The latest price for SS Chequered Plate (304-6 mm) Ex Tangshan in China at the end of the quarter stood at USD 2318/MT, marking an overall decline throughout the fourth quarter.

In Europe, the Chequered Plate market encountered various factors impacting prices during the fourth quarter of 2023. In October, the German spot market observed an increase in Chequered Plate prices driven by heightened demand from the automotive and chemical sectors, alongside a decrease in upstream material supply. However, Chequered Plate prices in the German spot market declined in November due to reduced demand from downstream industries and surplus supply. By the end of 2023, Chequered Plate prices in the German spot market continued to decline due to surplus supply and decreased demand in manufacturing industries. Rising production costs and concerns about decreased demand further impacted the sector. The latest price of SS Chequered Plate (304-5mm) Ex Ruhr in Germany for the last quarter was recorded at USD 3269/MT.

Get Real Time Prices of Chequered Plate: https://www.chemanalyst.com/Pricing-data/chequered-plate-1490

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