first quarter of this year, China's economy gradually recovered and local government investment accelerated. Economists generally expect domestic GDP growth to be above 4% in the first quarter.
Then, how is the economic recovery of the building materials industry in the first quarter? Zheng Jianhui, chief analyst of China Cement Network Cement Big Data Research Institute, said that the building materials industry had difficulties in the first quarter and the loss was at a high level, but there were also signs of bottoming out after the Spring Festival. At present, the foundation of recovery is not solid, the demand is not strong enough, and the pressure of high inventory and high cost is still a big constraint. The year-on-year PPI data of building materials compiled
by China Cement Network shows that the price of building materials has reached a low point since October last year, and the subsequent decline has gradually narrowed. In terms of
cement prices , the National Cement Price Index (CEMPI) closed at 141.4 points on March 31, up 0.17% from the end of the fourth quarter of 2022 and down 18.18% from the same period last year. Li Kunming, a cement industry analyst at China Cement Network Cement Big Data Research Institute, said that in the first quarter of this year, the cement market in the national market showed a trend of first declining and then rising, and eventually rose slightly. In terms of
concrete, in the first quarter, the price of concrete gradually stopped falling and stabilized, with a slight rebound in some areas, and the month-on-month growth rate increased from -0.74% to 0.08%. According to the big data center of China Cement Network, the quarterly average of the national concrete price index was 140.04 points, down 1.25% from the fourth quarter of 2022 and 8.48% from the same period last year. Lin Jiayi, a commercial mixing analyst at China Cement Net Cement Big Data Research Institute, said that the slow recovery of demand is the main factor dragging down the rise in concrete prices. In terms of
sand and gravel, the sand and gravel market turned from weak to stable in the first quarter. From the monthly average price, the month-on-month growth rate of machine-made sand and gravel prices turned from negative to positive, of which the month-on-month growth rate of machine-made sand increased from -2.11% to 0.86%. By the end of March, the national machine-made sand price index closed at 94.26 points, and the national gravel price index closed at 87.85 points, narrowing the year-on-year decline to 7.83% and 5.78%, respectively. Zhu Xiaoyun, a sand and gravel analyst at China Cement Network Cement Big Data Research Institute, said that the price of sand and gravel in the first quarter was still lower than that of the same period last year, but the year-on-year decline continued to narrow, the overall market showed a good trend, and the confidence of enterprises increased slightly.
In the float glass industry, the demand for float glass in the first quarter was in the low season, but the glass market rose against the trend. Wei Yu, an industry analyst at China Cement Net Cement Big Data Research Institute, said that the contraction of supply and the improvement of stock demand were the main reasons.
Faced with the narrowing of the price decline of cement, concrete, sand, float glass and other building materials, and the rebound of individual industries, Zheng Jianhui said that although the price of building materials in the first quarter had been repaired to a certain extent, the overall price was still significantly lower than that of the same period last year, and also significantly lower than overall level of PPI. & nbsp; & nbsp;
What are the details of demand recovery in the building materials industry in the first quarter? How will the future building materials market develop? On Thursday, China Cement Network Cement Big Data Research Institute will conduct in-depth analysis of the market trend of cement, concrete, sand, float glass and other building materials industries in the live broadcast of "Sharing Hui Building Materials Weekly Talk" cement network APP video line. & nbsp; & nbsp;
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