Steel Rebar (SHFE) Prices

29-01-2026 - Over the past month, the price of Steel Rebar on the Shanghai Futures Exchange (SHFE) has decreased from 3113.0 CNY/t to 3044.0 CNY/t. This decline suggests a downward trend in the raw material market, potentially indicating changes in supply-demand dynamics or broader economic conditions. The forecast for Steel Rebar on the SHFE is 3077.0 CNY/t, representing a slight increase of 1.1% from the current price of 3044.0 CNY/t. This suggests a generally stable trend with minimal risk, as the price change is only 33.0 CNY/t.

The current forecast indicates upward price pressure on raw materials, driven by data on seaborne imports and exports. However, this is balanced by downward pressure from demand, supply, and technical data, resulting in an overall mixed market outlook. According to a report by BigMint, China's construction steel prices are expected to remain within a narrow range in January 2026. The report highlights that while rising prices of steelmaking raw materials like coke and iron ore may provide some cost-side support, weakening market fundamentals could pose downside risks. This suggests a rangebound market rather than a clear upward trend.

This analysis contrasts with the forecasted upward movement in SHFE Steel Rebar prices, indicating differing opinions from external sources.