Overview: The price of construction steel fluctuated this week, with a month on month decrease of 1 yuan/ton. Specifically, on Monday of this week, due to the weakening of Friday night futures and a slight rebound in local snail supply, the market was weak and consolidated. On Tuesday, with the widening of the basis, futures, spot, and speculative trading were relatively active, with a nationwide transaction volume of 173000 tons on that day. On Wednesday, the market continued its previous day's upward trend, with futures funds and speculation still active, but transactions slightly declined. On Thursday, under the influence of our website's basic data exceeding expectations and market bearish rumors, The disk surface rises first and then suppresses.
This week, according to our website's statistics, the production of building materials reached 3.793 million tons, a month on month increase of 1.1%, with a slight increase in production. The variety of threaded steel has increased in all regions except North and East China, with the majority being in the middle. The provinces with reduced production are concentrated in Jiangsu, Ningxia, Shandong, Hebei, and other provinces with increased production are concentrated in Hubei, Shaanxi, Sichuan, and other provinces; The variety of wire coils has slightly increased in all regions except Northwest, Central China, and South China, with significant increases in Hebei, Liaoning, Shandong, Sichuan, and other provinces, while slightly decreasing in Shaanxi, Xinjiang, Heilongjiang and other provinces compared to the previous month.
This week, the average weekly trading volume of building materials in China was 155900 tons, with a 1% increase compared to the previous week. The transaction volume in the northern region has rebounded significantly. This week, the consumption of building materials has rebounded, mainly due to the rise in market prices, the widening term price difference, and strong speculative demand in the market. In terms of weather, in the next 10 days (from August 25th to September 3rd), the cumulative precipitation in most parts of the Southwest region, the eastern part of the Northwest region, the western part of North China, the eastern part of the Northeast region, the central and southern parts of the Huanghuai River, the majority of Jianghan, the southern part of Jianghuai River, the southern part of Jiangnan, and the southern part of South China will be 60-80 millimeters, and some areas will be 90-160 millimeters, with more than 200 millimeters in southeastern Tibet, northern Jiangsu Anhui, eastern part of Jiangnan, and Taiwan; The precipitation in most of the above areas is 40-60% higher than that of the same period in the year, and locally 1-2 times higher; The precipitation in most other regions of China is relatively low or close to normal. From 25th to 28th, there were light to moderate rain in most parts of southwest China, the east of northwest China, most parts of north China, Huanghuai, Jianghan, Jianghuai, Jiangnan and other places, and heavy to rainstorm in some areas, including heavy rainstorm in parts of Sichuan Basin, Jianghan, Jianghuai, southwest of Huanghuai and southern Shaanxi; Locally accompanied by strong convective weather such as short-term heavy rainfall, thunderstorms, and strong winds. 30 days ago or later, there were obvious stormy weather in eastern Jiangnan and southern China, moderate to heavy rain in most areas, and local rainstorm or heavy rainstorm in coastal areas.