Analysis of Cement Market Operation in the First Half of 2023 and Its Future Prospect

2023-08-02 09:43:33

In the first half of 2023, affected by the macroeconomic downturn and insufficient market demand, the cement industry continued its downturn since 2022. In the first quarter, the downstream resumption of work was better, and the overall demand was better than same period. After entering the second quarter, the peak season was not strong, and the demand weakened significantly. In addition, the market competition was fierce, and the cement price continued to fall. In the first half of the year, cement production hit a new low since 2012, and despite lower coal prices, the profits of the cement industry still shrank sharply. Looking forward to the second half of 2023, we believe that the demand of the cement industry will improve to a certain extent compared with the first half of the year, and the price will rebound seasonally. Due to the limited recovery of demand and the high inventory of enterprises, the strength of the price rebound may be limited. Throughout the year, cement demand will face downward pressure, and the decline in industry efficiency is still large.

In the first half of

2023, affected by the macroeconomic downturn and insufficient market demand, the cement industry continued its downturn since 2022. In the first quarter, the downstream resumption of work was better, and the overall demand was better than same period. After entering the second quarter, the peak season was not strong, and the demand weakened significantly. In addition, the market competition was fierce, and the cement price continued to fall. In the first half of the year, cement production hit a new low since 2012, and despite lower coal prices, the profits of the cement industry still shrank sharply. Looking forward to the second half of 2023, we believe that the demand of the cement industry will improve to a certain extent compared with the first half of the year, and the price will rebound seasonally. Due to the limited recovery of demand and the high inventory of enterprises, the strength of the price rebound may be limited. Throughout the year, cement demand will face downward pressure, and the decline in industry efficiency is still large.

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Analysis of Cement Market Operation in the First Half of 2023 and Its Future Prospect

In the first half of 2023, affected by the macroeconomic downturn and insufficient market demand, the cement industry continued its downturn since 2022. In the first quarter, the downstream resumption of work was better, and the overall demand was better than same period. After entering the second quarter, the peak season was not strong, and the demand weakened significantly. In addition, the market competition was fierce, and the cement price continued to fall. In the first half of the year, cement production hit a new low since 2012, and despite lower coal prices, the profits of the cement industry still shrank sharply. Looking forward to the second half of 2023, we believe that the demand of the cement industry will improve to a certain extent compared with the first half of the year, and the price will rebound seasonally. Due to the limited recovery of demand and the high inventory of enterprises, the strength of the price rebound may be limited. Throughout the year, cement demand will face downward pressure, and the decline in industry efficiency is still large.

2023-08-02 09:43:33

CEMPI

97.47

+0.13 +0.13%

CONCPI

90.00

-0.13 -0.14%

CLKPI

98.76

-0.20 -0.20%

SPPI

45.10

+0.10 +0.22%

MORPI

73.32

0.00 0.00%

Cement network data: statistics of cement output of all provinces and cities in China from January to March 2026

The statistical data of cement output in all parts of the country from January to March 2026 show that the cumulative output of cement in the country has a certain scale. From the year-on-year data, the situation varies from place to place. The output in most regions showed a trend of year-on-year decline, among which the decline in Liaoning, Shaanxi, Fujian and other places was more obvious, for example, the year-on-year decline in Liaoning was larger; while the output in Beijing, Guizhou, Hunan and other places increased year-on-year, and the year-on-year increase in Beijing was relatively prominent. The smaller year-on-year change in production was in Zhejiang, which decreased by only 0.03%. The overall output of the whole country decreased by 7.10% year on year.