In the remaining few working days before the lunar new year, the price of construction materials within China has continued to show a slight downward trend. Steel traders have largely become numb to the current prices of construction materials. Possibly stimulated by holiday spending, at the beginning of January, mainstream steel mills such as Shagang mainly adopted a policy of stabilizing or slightly increasing the factory prices for construction materials in the first half of January. Affected by this, the prices of construction materials in mainstream domestic cities gradually returned to stability. According to the price adjustment announcement by Shagang on the China Steel Spot Network, during the first half of January, Shagang's prices remained stable for seven consecutive periods. The price of Ф6.5mm Q235 ordinary carbon high line was 4470 yuan/ton, unchanged; the price of Ф16-25mm HRB400 third-grade rebar was 4500 yuan/ton, with an additional 50 yuan/ton for the same specification and grade earthquake-resistant rebar; the price of Ф8mm HRB400 coil bar was 4560 yuan/ton, with an additional 50 yuan/ton for the same specification and grade earthquake-resistant coil bar. Not only did the steel mills raise the factory prices of steel products, but the raw material market also began to show signs of warming up since the beginning of the year. Recently, supported by factory prices and raw material prices, it seems that the prices of construction materials in the mainstream market have started to stabilize. However, the question now is how long this rebound can last. On the downstream side of construction materials, the 7 million units of affordable housing in 2012 brought a certain boost to the demand for construction materials. However, due to excessive expectations for the拉动 effect of affordable housing last year, the benefits were overdrawn, leading to a continuous decline in steel prices later on. Affected by this, steel traders generally had a sense of panic, so most of the construction materials market still remains in a wait-and-see mode. Regarding commercial housing, in 2011, China's real estate industry could be said to have ended the golden age of frequent "land kings," becoming the first year without any "land king." It is understood that except for a few exceptional cities, in 2011, the single highest total price of land transactions in most key cities dropped by 14%-88% compared to the previous year. Among them, in 2011, Shanghai's land revenue decreased by 29 billion yuan, showing a significant negative growth for the first time, with the average land price of commercial housing plummeting by 41%.