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%.
By the end of January, the national rebar price index closed at 168.68 points, up 4.11% annually, compared with the same period last year, the price fell by 10.20%.
Figure 1: Price Index Trend of Domestic Rebar and Concrete (Point)
Data Source: Cement Big Data (https://data.ccement.com/)
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
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
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
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
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
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
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%
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.
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