[Rebar Price Index March Report]: The market entered the destocking stage, and the price trend rose first and then declined.

2023-04-04 15:33:45

In March, the rebar market was in a state of double increase in supply and demand, the inventory level continued to decline, and the price gradually rose in the first ten days of the year. However, due to external factors, the market risk aversion increased in the middle and late ten days, and the price of rebar was pulled back. By the end of March, the average spot price of domestic threaded steel was 4313.86 yuan/ton, up 0.06% annually.

By the end of March, the national rebar price index closed at 167.55 points, up 0.06% annually, compared with the same period last year, the price fell by 15.20%.

Figure 1: Price Index Trend of Domestic Rebar and Concrete (Point)

Data Source: Cement Big Data (https://data.ccement.com/)

I. Supply and Demand

of Rebar (I) The output of rebar further rebounded. In North China, the growth rate was more obvious

. In March, short process enterprises continued to increase production load, and the operating rate of independent electric arc furnace reached a high level in previous years. At the same time, the operating rate of blast furnace steel mills has been further improved, and the average daily output of molten iron has risen to a high level. The growth rate of operating rate of rebar rolling line is relatively slow, which is slightly higher than that of the same period last year.

By the end of March, the blast furnace operating rate of 247 steel plants in China was 83.87%, up 2.89 percentage points on a month-on-month basis; the electric furnace operating rate in China was 76.86%, up 11.95 percentage points on a month-on-month basis; the rebar rolling line operating rate in China was 69.73%, up 3.40 percentage points on a month-on-month basis.

Figure 2: Operating rate of blast furnace, electric furnace and rebar rolling line (%)

Data source: Cement Big Data (https://data.ccement.com/)

All can be viewed after purchase

Correlation

[Rebar Price Index June Report]: Supply and Demand Maintain Low Tight Balance, Market Prices Rebound from the Bottom

In June, the stock of rebar continued to decline, the market began to trade policy expectations, and the spot price of rebar bottomed out. By the end of June, the national rebar price index closed at 149.46 points, up 5.03% annually, and fell 12.72% compared with the same period last year.

2023-07-04 15:47:50

[Rebar Price Index May Report]: Market Sentiment Is Pessimistic, Market Is Weak and Falling

In May, the steel market was still in the negative feedback stage, the negative factors in the market hit the trading sentiment, the overall volume declined, and the spot and futures prices further declined. By the end of May, the national rebar price index closed at 142.30 points, down 5.87% from the previous month.

2023-06-06 15:10:16

[Rebar Price Index April Report]: Both Supply and Demand Decline, Market Price Declines Significantly

In April, the recovery of downstream demand fell short of expectations, the steel market entered a negative feedback stage, the supply and demand of rebar declined, and the spot and futures prices followed the downward resonance of raw materials. By the end of April, the national rebar price index closed at 151.17 points, down 9.78% from the previous month.

2023-05-06 18:02:25

[Rebar Price Index March Report]: The market entered the destocking stage, and the price trend rose first and then declined.

In March, the rebar market was in a state of double increase in supply and demand, the inventory level continued to decline, and the price gradually rose in the first ten days of the year. However, due to external factors, the market risk aversion increased in the middle and late ten days, and the price of rebar was pulled back. By the end of March, the average spot price of domestic threaded steel was 4313.86 yuan/ton, up 0.06% annually.

2023-04-04 15:33:45

[Rebar Price Index February Report]: Both supply and demand have rebounded, and the inventory has gradually peaked and fallen.

In February, downstream construction activities gradually resumed, and the supply and demand of the rebar market improved. However, as the recovery of demand is not as high as expected, the market price is fatigue, showing a volatile trend as a whole. By the end of February, the national rebar price index had closed at 167.45 points, down 0.73% annually, and 11.65% compared with the same period last year.

2023-03-02 17:27:22

[Rebar Price Index January Report]: Continuous Accumulation Before and After the Festival, Strong Expectations Push Up Prices

In January, affected by the Spring Festival holiday, the supply and demand of threaded steel declined significantly, and the inventory level continued to rise. However, due to strong market expectations and the willingness of steel mills to stand up, the spot price of rebar is still rising. By the end of January, the national rebar price index closed at 168.68 points, up 4.11%, compared with the same period last year, the price fell by 10.20%.

2023-02-06 17:18:51

[Rebar Price Index December Report]: Market Supply and Demand Weakens, Macro Favors Promote Price Rise

In December, the supply and demand fundamentals of rebar continued to weaken, and the inventory level rebounded, but the macro-policy was favorable, the market sentiment improved significantly, and the futures and spot prices fluctuated strongly. By the end of December, the national rebar price index closed at 162.02 points, up 5.45% annually, and fell 12.52% compared with the same period last year.

2023-01-05 16:22:37

CEMPI

102.78

+0.72 +0.71%

CONCPI

92.90

-0.13 -0.14%

CLKPI

104.04

+0.15 +0.14%

SPPI

44.88

+0.05 +0.11%

MORPI

75.46

0.00 0.00%

Shao Jun, Chairman of China Cement Network, Visited Ningde Conch

On September 5, Chairman Shao Jun of China Cement Network and his delegation visited Ningde Conch Cement Co., Ltd. and were warmly received by General Manager Hong Xianli and others. The two sides exchanged views on the situation of Fujian cement market.