Standard Plate Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Standard Plate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Standard Plate Price Trend for the First Half of 2023

The production of standard plates majorly employs the usage of iron and steel, and thus, its price trend is also dependent on the market trend of iron and steel. In the first quarter of 2023, the iron and steel sectors performed steadily, with a steady rebound in China, but in the second quarter, the market started losing momentum.

Standard Plate Price Chart

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In the second quarter, the rates of imports of iron and steel in China showed a significant reduction as the demand started to stumble amid the poor performance of the Chinese economy. The domestic rates of production also slid due to the weak movement of the construction and manufacturing sectors. This downward trend was also accelerated by the aftereffects of COVID-related restrictions and a long stretch of New Year holidays. These factors had an adverse effect on the trend of iron and steel and, in turn, led to the downfall in the price trend of standard plates also.

Analyst Insight

According to Procurement Resource, the price of Standard Plate is expected to fluctuate amid weak market sentiments and the plunging situation of the downstream sectors.

Procurement Resource provides latest prices of Standard Plate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.