Recently, the Jiangxi Development and Reform Commission released an analysis report on the market prices of steel, cement and sand in Jiangxi in February 2023. Price trend of
steel, cement and sand in
January and February (1) Steel prices are mainly rising. 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 February rose by 40% and fell by 4%. The average sales price of wire rod (high-speed wire 6.5, HPB300 and high-speed wire 8, HPB300) was 4590.00 yuan/ton and 4720.00 yuan/ton respectively, with a slight increase of 26.5% and 2.57% respectively, and a decrease of 11.98% and 10.78% respectively. The average sales price of rebar (φ12mm HRB400E) was 4319.00 yuan/ton, up 2.57% from the previous year and down 10.78% from the previous year.
(2) The price of cement dropped slightly. In February, the average price of 42.5 strength ordinary Portland cement in the province was 509.14 yuan/ton, down 1.89% from the previous month and 18.27% from the previous year.
(3) The prices of river sand, machine-made sand and gravel are relatively stable. In February, 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 127.98 yuan, 99.33 yuan and 89.48 yuan, respectively, up 0.05%, down 1.03% and 0.71% annually, down 1.58%, 6.92% and 3.36% year-on-year. Forecast
of the Price Trend of Steel, Cement and Gravel
in March The main factors supporting the price rise of steel, cement and gravel in March are as follows: First, March began to enter the traditional peak season, especially since the Spring Festival this year, the resumption rate of four rounds of projects has been stronger than that of the same period last year, and each round has shown a steady upward trend. Therefore, it can be predicted that the market demand will remain at a high level and continue to release, which will play a strong supporting role in the price. Two, the current market sentiment is more optimistic, and futures prices have been rising since mid February. The main factors that restrained the price rise of steel, cement and sand in March are as follows: First, the current leading steel mills have resumed production one after another, and the output has an increasing trend. Second, the market's previous optimistic expectations of the Fed's monetary policy shift in the year have been corrected, and some agencies have predicted that the Fed will raise interest rates by 50 basis points in March. Therefore, we expect that steel prices will fluctuate strongly in March, cement prices will fluctuate, and sand and gravel prices will remain stable.