Recently, the Jiangxi Development and Reform Commission released an analysis report on the market prices of steel, cement and sand in Jiangxi in April 2023. The report points out that in April, the average prices of river sand (particle size 0-5mm), machine-made sand (particle size 0-5mm) and gravel (local main sales) in Jiangxi Province were 126.02 yuan, 98.08 yuan and 89.71 yuan per ton, respectively, with a slight decrease of 0.78%, 1.51% and 0.36% respectively. Up 0.42%, down 3.67% and up 1.63% respectively. The full text of
the report is as follows:
Analysis Report
on Market Prices of Steel, Cement and Sandstone in Jiangxi in April 2023 (I) Steel prices are mainly falling. According to the price monitoring data of Jiangxi steel market and Fuzhou Trade Square steel market, the sales prices of 44 steel varieties monitored in April rose by 4, 37 and fell by 3. The average sales price of wire rod (high-speed wire 6.5, HPB300 and high-speed wire 8, HPB300) was 4422.50 yuan/ton and 4552.50 yuan/ton respectively, down 5.18% and 5.04% respectively, down 16.20% and 14.95% respectively. The average sales price of rebar (φ12mm HRB400E) was 4210.00 yuan/ton, down 4.79% from the previous month and 16.84% from the previous year.
(2) The price of cement dropped slightly. In April, the average price of 42.5 strength ordinary Portland cement in the province was 501.38 yuan/ton, down 1.49% from the previous month and 3.31% from the previous year.
(3) The prices of river sand, machine-made sand and gravel are relatively stable. In April, the average price per ton of river sand (particle size 0-5mm), machine-made sand (particle size 0-5mm) and gravel (local kingpin) in the whole province was 126.02 yuan, 98.08 yuan and 89.71 yuan respectively, with a slight decrease of 0.78%, 1.51% and 0.36% respectively, a slight increase of 0.42%, a decrease of 3.67% and a slight increase of 1.63% respectively.
2. Forecast
of the price trend of steel, cement and sand in May The main factors supporting the price rise of steel, cement and sand in May are as follows: First, according to the statistics of China Steel Association, the output and inventory of iron and steel enterprises began to decline in late April, and the reduction of steel production in some areas has also been implemented. The market supply and demand relationship is expected to rebalance in May. Two, the Fed's interest rate hike is nearing the end, and the impact on the market is gradually fading. The main factors that restrained the price rise of steel, cement and sand in May are as follows: First, the current iron ore, coke and other raw materials have a larger decline, and the cost-side support has weakened. Second, the steel futures price represented by threaded steel is significantly lower than spot price in our province, reflecting the negative attitude of the current market. Therefore, we expect that the steel price will show a downward trend in May, but we do not rule out the possibility of a turning point, the specific time of the turning point also needs to pay attention to when the negative feedback of the steel market can be fully released, the cement price may show a downward trend, and the sand and gravel price will remain stable.
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