In July, affected by high temperature, typhoon and heavy rainfall, the construction progress of downstream construction sites and mixing stations slowed down, and the market demand further weakened; On the supply side, many places have carried out off-peak kiln shutdown in summer, the mill operation rate has declined, and the supply has remained low, but the market competition pressure has increased, many enterprises continue to accumulate, and the decline in cement prices is still deep. At the beginning of
July, the National Cement Price Index (CEMPI) was 117.01 points, closing at 110.49 points at the end of the month, down 6.05% from the previous month and 22.33% from the previous year. From the end of
July to the beginning of August, cement prices in many regions continued to fall, and cement enterprises in some regions tried to push up, but the actual implementation remains to be observed. Specifically,
according to the feedback from the market in Anhui
, there has been a lot of rainy weather in Anhui recently, the market demand has been weak, the inventory of enterprises has risen, and some low-priced cement in the periphery still has an impact. In order to maintain market share, some major manufacturers in Hefei, Chaohu and other places have recently continued to reduce cement prices by about 10-20 yuan/ton. The quotation of other market enterprises in the province is weak and stable, and there are signs of a dark drop in local market transaction prices. According to the market feedback
in Zhejiang
, affected by the typhoon, the recent rainy weather in Zhejiang is in the majority, the construction progress of some construction sites is slowing down, and the overall market demand is weak. In addition, the price of peripheral cement continues to fall, and the sales pressure of local enterprises is greater. Recently, some major manufacturers in Hangzhou, Jiaxing, Huzhou, Shaoxing and other places in northern Zhejiang have continued to loosen and reduce cement prices by about 10 yuan per ton. According to the feedback from the market
in Jiangsu
, due to the recent continuous rainy weather, the market demand in Jiangsu is weak, the shipment volume of enterprises is only about 5-6%, and the high inventory is under pressure. In order to increase the shipment volume, after some manufacturers in Suzhou-Wuxi-Changzhou area lowered the cement price by 10-15 yuan/ton in late July, major manufacturers in Nantong, Yangzhou, Taizhou and Suzhou-Wuxi-Changzhou generally followed up the revision and lowered the cement price by about 10 yuan/ton on August 1, and the quotations of surrounding enterprises in Huai'an, Lianyungang and Suqian were temporarily stable.
Shandong
According to market feedback, rain and high temperature weather, Shandong market demand performance is general, enterprise shipments are low, inventory rebound faster. In order to increase shipments, from the end of July to the beginning of August, some enterprises in Jinan, Zibo, Jining, Zaozhuang and other places in Shandong continued to slightly reduce cement prices by about 10 yuan per ton. In addition, although some enterprises in southern Shandong intend to push up the price of cement in the early stage, according to the current market, the market still does not have the conditions for price increase, and the overall price is stable and weak. According to the feedback from the market
in Yunnan
, the market demand in Dehong and Baoshan areas of Yunnan has further weakened due to the continuous rainfall, the delivery of enterprises is less than half of the normal, and the high inventory is under pressure. In order to increase the shipment volume, the price of cement of leading enterprises has been lowered competitively. Recently, the leading enterprises in the two places have generally lowered the price of cement by about 30-40 yuan/ton. In addition, after the leading enterprises in Wenshan region lowered the cement price by 20-30 yuan/ton from 26-27, some enterprises in the region continued to lower the cement price by 30 yuan/ton from 30, while the rest of the industry was still on the sidelines. According to the feedback from the market
in Shaanxi
, due to the impact of rain weather, the construction sites and mixing stations are limited, the shipments of enterprises are declining, the market demand is weakening, and the surrounding low-price cement is still impacted. In order to improve the quality of operation, after the cement price of some enterprises in Guanzhong areas such as Xi'an, Xianyang and Weinan in Shaanxi Province fell by 20 yuan/ton in early July, the main enterprises in the region notified an increase of 30 yuan/ton in cement price on 27 th. This push up may be intended to promote stability, and the actual implementation remains to be seen. In addition, driven by the rising prices in surrounding Sichuan, some major enterprises in Hanzhong have recently raised the price of cement by 30 yuan/ton. On the demand side of the national market outlook
in August, there are more extreme weather typhoons and heavy rainfall, which will affect the construction of downstream construction sites and mixing stations. It is expected that the demand will continue to be depressed, but it is unlikely to weaken substantially;
Supply side , Zhejiang, Hebei and other places to increase the peak time of 10-15 days, in the absence of a significant recovery in demand and the current inventory pressure, it is expected that there will still be areas to extend the peak time, supply may continue to shrink;
To sum up, the demand is still weak, the supply is shrinking, and the price is rising fatigue under the pressure of high inventory of enterprises, but the worst situation may have passed, there is little room for the cement price to continue to fall sharply, and it is expected that the cement price will rebound from the low level, and the decline of the cement price in August may be significantly narrowed.
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