According to the Hunan Provincial Office of Industry and Information Technology, the average price of cement sales in the 16th week (April 10-16) was 407.11 yuan/ton, down 2.9%, down 5.3% year-on-year. Cement market prices
in the whole province showed a downward trend after two consecutive weeks of rising prices, and the transaction was better. The main reason for the decline in cement prices is the increase in cement inventory pressure. Since the end of peak staggering production in the first quarter of the province, cement production has increased. According to the survey of 5 cement production enterprises in the whole province, the utilization rate of cement clinker production capacity increased by 0.23% week on week.
Second, the market capital pressure is relatively high. Some projects are slow to return funds, most downstream enterprises are reluctant to advance funds to do projects, and the demand for cement is insufficient to sustain growth. According to the survey of 5 cement production enterprises in the whole province, the out-warehouse volume of cement enterprises increased by 3.05% week on week. Although the out-warehouse volume rebounded, it showed a downward trend.
Third, the cost support continued to weaken. Coal prices have continued to fall this year, with the average sales price falling from the highest point of 1248.11 yuan/ton on January 1 to 1160.08 yuan/ton, a decline of 7.05%. As coal accounts for 50% of the cost of cement production, the cost of cement production continues to decline, and the support for the price is weakened.
Fourth, the market competition is intensified. In order to seize the market share, the price competition in the cement market is fierce.
To sum up, the current demand for cement is mainly driven by infrastructure, and the real estate pull is relatively small. The overall demand for cement in the province showed a warming trend, but still less than expected. Influenced
by factors such as supply increase, capital pressure, cost reduction and intensified competition, it is expected that the price of Hunan cement market will continue to fluctuate and weaken in the near future.
In addition, according to China Cement Market Data Center, the recent market demand performance in many places is general, the shipment volume of enterprises is not high, and the price of clinker and cement in many places along the Yangtze River in Anhui Province has declined. According to the feedback from the market
in Anhui
, at present, the market demand in Anhui is weak, the purchasing enthusiasm of downstream grinding enterprises is not high, coupled with the continuous entry of foreign low-cost cement, the sales pressure of local enterprises is increasing, and the inventory is rising rapidly. On the 15th, some major manufacturers along the Yangtze River in Anhui began to notify the reduction of clinker prices by about 20 yuan/ton, and the surrounding areas of Jiangsu and Zhejiang followed suit. After adjustment, the off-shore ex-factory price of clinker from large factories along the Yangtze River is about 345-355 yuan/ton. In terms of
cement, the actual transaction prices of some enterprises in Hefei, Chaohu, Chuzhou, Xuancheng and other places in Anhui Province fell by about 10-20 yuan/ton from 16 to 18, and some enterprises'listing quotations were temporarily stable. According to market feedback
in Jiangsu
, the recent market demand performance in many places in Jiangsu is general, the shipment volume of enterprises is not high, coupled with the impact of the continuous decline in the price of some foreign cement, the sales pressure of local enterprises is increasing.
In order to maintain market share, some enterprises in Huai'an area of Jiangsu Province have lowered the price of cement by about 10-30 yuan/ton in Yancheng, Lianyungang, Suqian, Xuzhou and other places in recent days after the transaction price of northern Jiangsu and local markets fell by 30-40 yuan/ton .
In addition, it is reported that since the 18th, individual enterprises in Suzhou, Wuxi and Changzhou have again notified the reduction of cement prices by about 15-20 yuan per ton, with a cumulative decline of about 30-40 yuan per ton. The quotation of some large factories in the region has not been adjusted.
Zhejiang
According to market feedback, the recent market demand in Zhejiang coastal areas is still acceptable, but due to the impact of foreign low-cost cement, enterprise shipments are not high, local sales pressure is greater.
In order to increase shipments, some major manufacturers in Ningbo, Wenzhou and other places began to notify the reduction of cement prices by 15-20 yuan/ton on the 20th, and the quotation in the surrounding Taizhou area is temporarily stable, which is expected to be followed up in a few days.
In addition, in recent days, the transaction prices of some enterprises in Hangjiahu, Shaoxing, Jinqu and other places in northern Zhejiang continued to decline by 15-20 yuan/ton , with a cumulative decline of about 30 yuan/ton for some enterprises . The rest of the region's peers will follow suit. According to the feedback from the market
in Hubei
, the recent rainy weather, the decline in market demand, coupled with the impact of foreign low-price cement and other factors, the sales pressure of enterprises in Wuhan, Hubei is greater, some enterprises ship less than half of the normal, and the inventory is running on the high side.
In order to increase sales, some leading enterprises in the region have recently lowered the price of cement by about 10-20 yuan/ton, while the rest of the industry has temporarily waited and seen, and the follow-up reduction is expected to be larger.
Liaoning
, according to market feedback, the recent market demand in Dalian, Liaoning is weak, the shipment volume of enterprises is not good, and the inventory pressure is high. In order to seize market share, some manufacturers in Dalian have lowered the price of cement by 20-30 yuan/ton since the middle of the year, and the transaction price has basically fallen back to the level before March.
For this year's cement price trend, Zheng Jianhui, head and senior analyst of Cement Big Data Research Institute, believes that due to the time needed for investment landing, the slow start of the project, and the impact of the real estate industry, the demand for cement was low at the beginning of the year, and the price of cement in the first quarter fell sharply year on year ; Starting from the second quarter, with the increase in project construction volume, the demand for cement will pick up, and the year-on-year decline in cement prices is expected to gradually narrow; in addition, it is expected that the domestic cement prices in the fourth quarter will turn positive year-on-year. For the
whole year, the average price may be lower than level in 2022.
In order to further promote the green, digital and intelligent development of the cement industry, China Cement Network will be launched on April 24-25, 2023. The "China Cement Industry Green Development Summit Forum and Ultra-clean Emission Technology Exchange Conference" and the "Fourth China Cement Intelligent Summit Forum" were held in Changsha, Hunan Province, inviting industry experts, cement and related enterprises. Jointly promote the high-quality development of the cement industry! After the meeting, we will visit Sinoma Zhuzhou Cement Co., Ltd. and the first set of international "one-box SCR denitrification project of dust and nitrate".
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