According to China Cement Network Market Data Center, the recent rainy weather in Jiangsu is more, the market demand is weak, the shipment volume of enterprises is only about 50% of the normal level, and the overall market quotation is weak and stable.
China Cement Network surveyed the Jiangsu market and learned that, like the national situation, the price of cement in Jiangsu has fallen to a low ebb and returned to "2" due to the continued weak demand. The key reason for the sluggish demand for cement is that real estate has gone downhill.
Recently, Jiangsu Statistical Bureau announced that in the first half of the year, fixed assets investment in Jiangsu Province increased by 5.5% year-on-year, 0.5 percentage points faster than in the first quarter. In terms of sub-sectors, infrastructure investment increased by 3.6% year-on-year, while real estate development investment decreased by 2.3%.
Although there are relatively many infrastructure projects in Jiangsu, the project cycle is long, the demand for cement is flat, scattered and relaxed, and the quality requirements are high. Most of the shares are concentrated in large cement enterprises with strong strength. Many small enterprises and grinding stations are facing severe survival pressure. In order to reduce losses, price reduction is common.
Jiangsu cement industry insiders said that some enterprises in Jiangsu have self-discipline problems, while Zhejiang and other places of cement into the Jiangsu market, its price is far from the local, a variety of factors make Jiangsu cement prices into a low ebb.
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