Why are Steel Wire Rod Common China (SH) Prices so high?
23-10-2025 - Over the past month, the price of Steel Wire Rod Common China (SH) has decreased by 2.8%, from 93.98 Points on September 22 to 91.33 Points on October 22. The high was at the start of the month, and the low was on October 16 at 91.15 Points.
Our one month forecast for Steel Wire Rod Common China (SH) is 91.18 points, a slight decrease of -0.15 points or -0.2% from the latest price. Our analysis suggests a balanced market risk around this forecast.
Our current forecast is influenced the most by Technical data, with a price impact of 0.29 Point. Among the Technical data, Trend Following has the highest positive impact of 0.43 Point, while Calendar Effects have a negative impact of -0.13 Point. However, there is disagreement among the data types, as Technical data suggests upward price pressure, while Demand and Flows data indicate the opposite trend. Demand data related to Global Economy and Flows data related to Exchange Rates and Seaborne Imports & Exports both show a negative impact on prices.
Our one month forecast for Steel Wire Rod Common China (SH) is 91.18 points, a slight decrease of -0.15 points or -0.2% from the latest price. Our analysis suggests a balanced market risk around this forecast.
Our current forecast is influenced the most by Technical data, with a price impact of 0.29 Point. Among the Technical data, Trend Following has the highest positive impact of 0.43 Point, while Calendar Effects have a negative impact of -0.13 Point. However, there is disagreement among the data types, as Technical data suggests upward price pressure, while Demand and Flows data indicate the opposite trend. Demand data related to Global Economy and Flows data related to Exchange Rates and Seaborne Imports & Exports both show a negative impact on prices.
What is the current / spot price of Steel Wire Rod Common China (SH)?
Steel Wire Rod Common China (SH) Price Today
October 23, 2025
Current Price
91.33
What is the forecast for the price of Steel Wire Rod Common China (SH)?
Steel Wire Rod Common China (SH) Price Forecast
October 23, 2025
1 Month Forecast
91.18
1 Year Forecast
100.13
What are the short-term drivers of Steel Wire Rod Common China (SH) prices?
What are the long-term drivers of Steel Wire Rod Common China (SH) prices?
Over the 1 Month horizon the outlook is moderately bearish due to drivers such as: - Steel Products exports from Japan - Steel exports from China - Seasonality trends for the prediction week of year Br(None) The top contrary drivers for the 1 Month horizon are: - Coal exports from Russian Federation - Long term price trends
Over the 1 Year horizon the outlook is bullish due to drivers such as: - Movements in the Euro - Steel imports to Japan - Short term price trends Br(None) The top contrary drivers for the 1 Year horizon are: - Long term price trends - EWMA-based technical analysis
Will the price of Steel Wire Rod Common China (SH) go up?
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