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Affected by the rise of international commodity prices and market expectations

Affected by the rise of international commodity prices and market expectations

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  • Time of issue:2021-08-30 09:24
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(Summary description)"Affected by the combination of rising international commodity prices and high market expectations, steel prices in the domestic market rose violently after May Day, and the price of rebar easily broke through the 6000 yuan mark and set a new record. As of May 25, the average price per ton of grade III rebar in major cities in China was 5125 yuan, an increase of 657 yuan per ton compared with the end of the first quarter and 15% compared with the same period last year 43 yuan, "said Yu Yaping, an analyst at China United Steel network. For the reasons for the sharp rise in the price of building materials, Kong Haifa said that it was more commercial factors. "With the gradual improvement of the epidemic situation, a large number of infrastructure projects have been launched quickly, and the increase of demand has led to the rapid rise of the price of building materials; at the same time, after some backward production capacity has been eliminated and shut down in recent years, the overall production capacity of steel, cement and other building materials has been in a state of contraction. Instead of obvious expansion, the overall scale of this year is still shrinking further." "The cost of building materials, as an important part of the construction and installation project cost, accounts for about 55%. The price fluctuation of building materials has a great impact on the cost of construction enterprises." Sun Lu, head of Jiangsu construction project cost management station, said that if the overall increase of building materials exceeds a certain range, the original expected profit of construction enterprises may be offset by the increase of building materials.

Affected by the rise of international commodity prices and market expectations

(Summary description)"Affected by the combination of rising international commodity prices and high market expectations, steel prices in the domestic market rose violently after May Day, and the price of rebar easily broke through the 6000 yuan mark and set a new record. As of May 25, the average price per ton of grade III rebar in major cities in China was 5125 yuan, an increase of 657 yuan per ton compared with the end of the first quarter and 15% compared with the same period last year 43 yuan, "said Yu Yaping, an analyst at China United Steel network.

For the reasons for the sharp rise in the price of building materials, Kong Haifa said that it was more commercial factors. "With the gradual improvement of the epidemic situation, a large number of infrastructure projects have been launched quickly, and the increase of demand has led to the rapid rise of the price of building materials; at the same time, after some backward production capacity has been eliminated and shut down in recent years, the overall production capacity of steel, cement and other building materials has been in a state of contraction. Instead of obvious expansion, the overall scale of this year is still shrinking further."

"The cost of building materials, as an important part of the construction and installation project cost, accounts for about 55%. The price fluctuation of building materials has a great impact on the cost of construction enterprises." Sun Lu, head of Jiangsu construction project cost management station, said that if the overall increase of building materials exceeds a certain range, the original expected profit of construction enterprises may be offset by the increase of building materials.

  • Categories:News
  • Author:
  • Origin:
  • Time of issue:2021-08-30 09:24
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"Affected by the combination of rising international commodity prices and high market expectations, steel prices in the domestic market rose violently after May Day, and the price of rebar easily broke through the 6000 yuan mark and set a new record. As of May 25, the average price per ton of grade III rebar in major cities in China was 5125 yuan, an increase of 657 yuan per ton compared with the end of the first quarter and 15% compared with the same period last year 43 yuan, "said Yu Yaping, an analyst at China United Steel network.

For the reasons for the sharp rise in the price of building materials, Kong Haifa said that it was more commercial factors. "With the gradual improvement of the epidemic situation, a large number of infrastructure projects have been launched quickly, and the increase of demand has led to the rapid rise of the price of building materials; at the same time, after some backward production capacity has been eliminated and shut down in recent years, the overall production capacity of steel, cement and other building materials has been in a state of contraction. Instead of obvious expansion, the overall scale of this year is still shrinking further."

"The cost of building materials, as an important part of the construction and installation project cost, accounts for about 55%. The price fluctuation of building materials has a great impact on the cost of construction enterprises." Sun Lu, head of Jiangsu construction project cost management station, said that if the overall increase of building materials exceeds a certain range, the original expected profit of construction enterprises may be offset by the increase of building materials.

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