24, the website of the Bureau of Statistics of Guangxi Zhuang Autonomous Region released the economic data of Guangxi in the first half of this year. In the first half of the year, the investment in fixed assets (excluding farmers) in the whole region decreased by 21.1% compared with the same period last year, mainly due to the investment in real estate development (down 43.4%), and the sales area of commercial housing in the whole region decreased by 28.8%.
Recently, local cement enterprises said that the demand for cement in Guangxi has declined significantly since this year due to factors such as the decline in real estate situation and insufficient capital construction. The overall decline in the first half of the year may reach 2-3%, and the annual demand is expected to be less than 70 million tons. In sharp contrast
to the downward trend of the demand side, the supply side of Guangxi cement has continued to increase in recent years. According to the data of China Cement Network, in 2022 alone, 11.873 million tons of new cement clinker production capacity will be put into production in Guangxi, and the total production capacity of cement clinker in Guangxi will reach 103 million tons, ranking fourth in the country.
"After the new production line is put into operation, market space is needed, but the overall market demand is shrinking, and pressure at both ends leads to great downward pressure on the market." Guangxi industry insiders said.
In view of the downturn in real estate investment and the release of new production capacity, the pressure on the cement market in Guangxi continues to increase.
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