Last week, the East China Cement Price Index closed at 99.55, down 1.52% annually and 28.22% year-on-year, making it the region with the highest decline in the country. According to the current cement index in East China, the price of cement is even lower than that in 2009.
It should be noted that China Cement Price Index (CEMPI) is an economic indicator reflecting the price level and fluctuation of the national cement market, mainly to comprehensively reflect the overall market trend of the national cement market. The price collected is the ex-factory price of P.O42.5 bulk cement. Considering comprehensively, 2009 is selected as the base period, and the price index of the base period is 100 points. Now the East China Cement Price Index is only 99.55, which is lower than that in 2009. & nbsp; & nbsp;
As the region with the strongest demand for cement in China in previous years, East China has always been the vane of the national cement market price, accounting for more than 30% of the national cement demand. Before 2021, cement enterprises in many parts of the country are paying attention to the demand situation in East China, hoping to get a share from it. Today, however, East China has lost its former elegance.
According to the feedback from the market, the cement prices in Jiangsu, Zhejiang, Shanghai and other regions were lowered for several times in July, especially in Zhejiang, the cement prices were lowered for three times, with a cumulative reduction of 30-60 yuan/ton.
Industry insiders analysis, in the face of the sudden decline in demand for cement, enterprises may not be able to adapt, there is no good response, in order to achieve the established sales target, only by reducing the price of cement. The decline of cement market in
East China has also affected cement enterprises in other regions. Recently, according to feedback from a cement enterprise in Jiujiang, Jiangxi Province, Jiujiang is located on the Yangtze River, and cement transportation has certain geographical advantages. In previous years, cement was sold to Zhejiang and Shanghai by cargo ships. But this year, the market is not good, cement prices in Zhejiang, Shanghai and other places are low, and cement transportation is not profitable in the past. "Now we have to lose money per ton of cement when we transport it to Shanghai." A person in charge of a cement enterprise in Jiujiang said. & nbsp; & nbsp;
Once a hot spot for cement, it has now become a price depression. Li Kunming, a cement analyst at China Cement Network Cement Big Data Research Institute, said that in the short term, the cement market in East China is still in a downward trend, and it is likely to rise in mid-late August. In the long run, affected by the environment, the cement market in East China will probably be in a stable state of decline in the future, and it is possible to overfall and rebound, but it is difficult to return to 2021.