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

2023-07-04 15:47:50

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.

By the end of June, the national rebar price index closed at 149.46 points, up 5.03% annually, compared with the same period last year, the price fell 12.72%.

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) Steel mills started to pick up slightly. The supply of rebar is still at a low level

. In June, the market is expected to increase the support policy in the future, the trading sentiment has improved, and the overall inventory pressure is not high, so the operating rate of steel mills has generally rebounded. By the end of June, the blast furnace operating rate of 247 domestic steel plants was 84.09%, up 1.73 percentage points on a month-on-month basis; the domestic electric furnace operating rate was 67.60%, up 0.31 percentage points on a month-on-month basis; the national rebar rolling line operating rate was 70.90%, up 3.04 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/)

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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

CEMPI

105.29

-0.38 -0.36%

CONCPI

94.30

-1.31 -1.37%

CLKPI

104.52

-0.09 -0.09%

SPPI

45.16

+0.02 +0.04%

MORPI

76.51

-0.42 -0.55%

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