In August 2024, the price of raw materials for scaffolding tubes in China exhibited an overall downward trend, followed by a slight rebound, and ultimately stabilized. Here is a detailed analysis of the price fluctuations and a short-term market forecast:
Price Fluctuations
From August 1st to August 19th, the price continuously declined, dropping from 3,480 RMB per ton to 3,260 RMB per ton. This period of decline was succeeded by a modest recovery between August 19th and August 22nd, where prices rose to 3,320 RMB per ton. Subsequently, from August 23rd to the end of the month, the price stabilized, maintaining an average of around 3,290 RMB per ton.
Short-Term Market Trend Forecast
The forecast for the near future suggests that prices will fluctuate between 3,260 RMB and 3,320 RMB per ton. This prediction is based on the expectation that market demand will remain steady and the supply chain will continue to optimize, preventing significant price volatility.
Market Demand Changes
Demand within the construction industry is anticipated to rise as infrastructure development progresses globally, leading to sustained growth in the need for scaffolding tubes. Additionally, the revival and modernization of the manufacturing sector are expected to drive an increased demand for high-quality scaffolding tubes. Emerging markets will also play a crucial role, as the growing construction needs in these countries are set to become key drivers of future demand.
