with the same period last year, CONCPI fell 11.21% in the fourth quarter. Decline in growth rate in the same quarter 19.
Figure 1: Trend
of national concrete prices in the fourth quarter on a month-on-month basis and on a year-on-year basis Data source: Cement Big Data ( https://data.ccement.) In October, the price rose by 0.71% on a month-on-month basis. From the PPI data, it rose slightly in October-November and fell slightly in December, which is more consistent with the trend of concrete prices.
Figure 2: Trend of China National Concrete Price Index (CONCPI) and PPI on a month-on-month basis (month)
Data source: Cement Big Data ( https://data.ccement.com/)
Large regional price growth upward, the Northeast market rose the most
sub-regional, Northeast and North China prices rose in the lead, up 3.62% and 2.06% respectively; Concrete prices in East China and Northwest China fell by 0.82% and 0. In the fourth quarter, the growth rate of concrete prices in all regions showed an upward trend, especially in Northeast China, where prices fell sharply in the previous period. Compared
with the same period last year, prices in all regions declined to varying degrees in the fourth quarter. Among them, the Northeast and Central-South regions fell by 14.60% and 14.45% respectively, followed by East China and Southwest China, which fell by 11.23% and 10.70% respectively; The decline in Northwest and North China is relatively small.
Figure 3: MoM Trend of Concrete Price Indices in Six Regions in the Third Quarter (%)