Chequered Plate Price | Prices | Pricing | News | Database | Chart
In the second quarter of 2024, Chequered Plate prices in North America showed a strong upward trend, driven by a combination of factors that bolstered market dynamics. This period saw significant price growth due to supply chain constraints, strong demand from sectors like construction and automotive, and rising raw material costs, particularly for zinc and nickel. Additionally, maintenance outages at major steel mills, including Acerinox and Outokumpu’s Calvert facility, further tightened supply, pushing prices higher. In the U.S., prices saw the most notable increases, fueled by bullish market sentiment. Demand from the automotive and HVAC sectors for galvanized and value-added steel products contributed to the steady rise in prices. Despite a slowdown in overall manufacturing indices, construction and manufacturing activities continued to support the price surge. Compared to the previous quarter, prices rose by 14%, highlighting the strength of the market. By the end of the quarter, the price of SS Chequered Plate (6 mm) in Texas reached USD 4,641/MT, reflecting a period of significant price growth and market resilience in response to both supply constraints and growing demand.
In contrast, the second quarter of 2024 saw a negative pricing environment for Chequered Plates in the APAC region. The market faced a downturn, largely driven by weak demand from the construction and automotive sectors, alongside high raw material costs, particularly for nickel. Despite elevated production costs, market prices failed to rise due to sluggish demand, and seasonal slowdowns further exacerbated the oversupply issue. China, the key player in the region, experienced the sharpest price declines. Weak demand from the property sector and reduced infrastructure investments led to a steady downward trend, especially after the post-Labour Day period when downstream consumption dropped. Despite high production costs, the lack of strong end-user demand resulted in a bearish market. Prices in China fell by 1% compared to the previous quarter, with SS Chequered Plate (304-6 mm) Ex Tangshan closing at USD 2,179/MT. Overall, the market remained weak, marked by excess supply and low demand, with no major plant disruptions reported.
In Q2 2024, the European Chequered Plate market experienced a significant rise in prices, driven by various key factors. Rising alloy surcharges, increasing energy costs, and regulatory impacts from the EU Critical Raw Materials Act (CRMA), which focuses on securing strategic raw material supplies, all contributed to the upward price trajectory. Additionally, strong demand from the automotive sector, despite broader manufacturing slowdowns, supported the price increases, while the spring construction season further boosted demand for steel products. Germany saw the most pronounced price changes in the region, with robust demand from the automotive sector and favorable economic conditions, including an ECB interest rate cut. Energy costs, particularly for gas and CO2 emissions, had a strong correlation with metal prices, while geopolitical disruptions around the Suez Canal led to additional shipping surcharges, further driving up prices. Compared to the previous quarter, prices in Germany rose by 14%, with SS Chequered Plate (304-5mm) Ex Ruhr closing at USD 3,847/MT. This period was marked by positive market dynamics, with regulatory, economic, and seasonal factors all contributing to the price surge. No significant plant shutdowns were reported during this time.
Get Real Time Prices for Chequered Plate: https://www.chemanalyst.com/Pricing-data/chequered-plate-1490
Contact Us:
ChemAnalyst
GmbH - S-01, 2.floor, Subbelrather Straße,
15a Cologne, 50823, Germany
Call: +49-221-6505-8833
Email: [email protected]
Website: https://www.chemanalyst.com