In January, concrete market transactions gradually stagnated, and the national commodity concrete price index fell first and then stabilized. January coincided with the Spring Festival of the lunar calendar, the downstream construction sites and mixing stations were gradually shut down for holidays, and most of the domestic construction projects had not resumed by the end of the month. Except for the guaranteed supply enterprises of individual key projects, the turnover of concrete market is very few. At the same time, the prices of raw materials such as cement and sand in the upstream continued to decline, which led some concrete enterprises to lower their quotations before the Spring Festival.
By the end of January, the National Concrete Price Index (CONCPI) closed at 140.09 points, down 0.69% from the end of December and 9.39% from the same period last year.
Figure 1: Trend and Operation of National Concrete Price Index in January (Point)
Data Source: Cement Big Data (https://data.ccement.com/)