Last week, we released the list of the top ten cement and clinker sales of China's cement enterprises in 2022. In this list, if the trade part is deducted, the total sales volume of cement and clinker of the top ten enterprises is about 1.08 billion tons, down 12% from the same period last year. Conch Cement, Red Lion Group and Asian Cement fell by 5% -7%, significantly lower than other seven enterprises, and Huaxin Cement fell the most. Obviously, Red Lion Group, Conch Cement and Asia Cement have increased their market share in 2022. The unit price of cement and clinker sales of the three enterprises has dropped by more than 9%, and the action of gaining market share through price reduction is more obvious. In the
cement market. In April, the cement market weakened more than expected due to rainy weather, the decline of new projects and the restriction of funds in some areas, and the price fell by more than 4% annually, which means that the demand expectation in the peak season has basically failed, and May may not be much better. In fact, as you can see, the decline in cement prices has expanded since May. The main reason is that there are more rainy weather before and after the May Day holiday, the demand in many places is further weakened, and enterprises continue to accumulate. In this state, the pressure of market competition is relatively high, and some areas, especially those with relatively good demand, are affected by low-price cement. This has further exacerbated the weakness of the market.
Sand and gravel market, at the end of the first quarter, the recovery of sand and gravel market demand in many places accelerated, and the price situation had a good momentum. However, after entering April, the market demand for sand and gravel was unstable, local competition intensified, and inventory increased. In April, the overall price of the whole country showed a downward trend. By the end of April, the national gravel price index closed at 86.62 points, and the national machine-made sand price index closed at 93.29 points, with a decrease of 1.4% and 1.03%. Specifically, the demand in Northeast China increased and the price increased, while the demand in North China and Northwest China recovered generally, and the price of sand and gravel loosened and declined.
On May 17, we invited Zheng Jianhui, a senior analyst and director of the Cement Big Data Research Institute, Li Kunming, a cement analyst, and Zhu Xiaoyun, a sand and stone analyst, to talk about their analysis and judgment on the operation of the building materials market last week.
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