[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

In March, driven by infrastructure projects, the downstream construction volume increased annually, but the market demand in most areas has not yet recovered to the same period in previous years, and the price of concrete is stable and strong. By the end of March, the National Concrete Price Index (CONCPI) closed at 140.28 points, up 0.37% from the end of February, and down 6.63% from the same period last year.

2023-04-04 09:16:13

After the Lantern Festival, the construction demand in the southern market has gradually recovered, but the overall situation is still weaker than same period in previous years, and the price of concrete has generally remained stable and fallen, with only a slight rise in the central and southern parts. By the end of February, the National Concrete Price Index (CONCPI) had closed at 139.76 points, down 0.24% from the end of January and 8.08% from the same period last year.

2023-03-01 16:50:19

Coinciding with the Spring Festival holiday, domestic construction projects basically entered a state of holiday shutdown, concrete market turnover dropped to a low level, some concrete enterprises continued to lower their quotations before the festival, and prices have basically maintained stable operation since the Spring Festival. By the end of January, the National Concrete Price Index (CONCPI) had closed at 140.09 points, down 0.69% from the end of December and 9.39% from the same period last year.

2023-02-02 16:03:44

Despite the optimization and adjustment of the epidemic prevention policy, the overall construction progress in China has further slowed down due to the approaching New Year and the low temperature, and the demand for concrete in the southern market has gradually weakened. By the end of December, the National Concrete Price Index (CONCPI) closed at 141.07 points, down 0.93% from the end of November, compared with the same period last year. Prices fell by 10.26%.

2023-01-04 11:40:36

Recently, the price of cement in the suburbs of Senegal has risen significantly, rising to 68000 to 70000 CFA francs per ton, 3000 to 5000 CFA francs higher than before. Prices at the retail end also fluctuated significantly, with a bag of cement rising from 3250 CFA francs to 3500 CFA francs, and from 65000 to 68000 tons. Local dealers said that the price increase was due to the "ex-factory price increase", and the merchants said that the profit margin was compressed. Wholesalers revealed that, including freight, the cost of arrival per ton rose from 65000 to 70000, the price transmission was synchronized, and consumers paid for the increase in upstream costs.