[May Report of Concrete Price Index]: Downward Demand and Falling Cost, Domestic Commercial Mixed Prices Generally Fall

2023-06-01 16:40:45

In May, the rainy weather in the south continued, the demand for concrete market still declined, coupled with the obvious drop in costs, domestic commercial mixed prices generally fell. By the end of May, the National Concrete Price Index (CONCPI) had closed at 136.22 points, down 1.81% from the end of April and 8.22% from the same period last year.

In May, the concrete market demand was weak and the cost fell, and the average transaction price of domestic commercial concrete generally declined. After May Day, the climate in the north warmed up and demand recovered slightly, but the overall level was still weaker than same period in previous years. At the same time, the southern region is still controlled by intermittent rainy weather, the construction conditions are general, the downstream is subject to capital problems, few new projects, the supply of mixing stations is more cautious, and the actual shipment is still at a low level. In terms of cost, the competition among upstream cement enterprises has intensified, the price of raw materials has continued to fall, and the support for concrete has been significantly weakened. On the whole, the domestic concrete market continued its downward trend in May, and the price decline has expanded.

By the end of May, the National Concrete Price Index (CONCPI) closed at 136.22 points, down 1.81% from the end of April and 8.22% from the same period last year.

Figure 1: Trend and Operation of National Concrete Price Index in May (Point)

Data Source: Cement Big Data (https://data.ccement.com/)

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Correlation

In May, the rainy weather in the south continued, the demand for concrete market still declined, coupled with the obvious drop in costs, domestic commercial mixed prices generally fell. By the end of May, the National Concrete Price Index (CONCPI) had closed at 136.22 points, down 1.81% from the end of April and 8.22% from the same period last year.

2023-06-01 16:40:45