According to China Cement Market Data Center, some major manufacturers in Nanjing, Zhenjiang and Suzhou, Wuxi and Changzhou lowered cement prices by about 10 yuan per ton from June 6 to 7. What is the reason for the decline of cement market price in Jiangsu?
First of all, the decrease in demand is one of the reasons for the decline in cement market prices in Jiangsu. Recently, rain weather, high school entrance examination and other factors have affected the market demand, resulting in an imbalance between supply and demand. With the fierce market competition, the price of cement is also declining.
In addition, according to the data released by Jiangsu Statistical Bureau, the investment in real estate development in Jiangsu Province decreased by 0.7% from January to April compared with the same period last year. With the recent complex changes in the economic environment, the investment in real estate development has narrowed, and the demand for cement has also decreased, which is undoubtedly an important factor leading to the decline in the price of cement market in Jiangsu.
However, behind these negative factors, there are some positive factors.
According to the data of Jiangsu Statistical Bureau, infrastructure investment in Jiangsu Province increased by 8.8% from January to April, which is 3.3 percentage points higher than total investment, and plays an important supporting role in the steady growth of investment in Jiangsu Province. The driving role of large-scale infrastructure projects is more obvious, with investment in infrastructure projects of 500 million yuan and more than 1 billion yuan increasing by 9.7% and 9.5% respectively, which are 0.9 and 0.7 percentage points higher than growth rate of all infrastructure investment. The increase in investment in infrastructure construction is expected to stimulate cement demand, thus benefiting cement prices.
To sum up, the price of cement in Jiangsu is affected by many different factors. Some factors are the "culprits" of the decline in cement prices, while others are the drivers of the recovery of the cement market. Only by understanding the inherent law of market operation and correctly understanding the logical relationship between various factors can we better grasp the market.
At present, the downward trend of cement demand is prominent, energy prices remain high, costs remain high for a long time, and profit compression has become the norm. Improving energy efficiency and reducing cost pressure have become the key breakthrough points for cement enterprises to enhance their comprehensive strength and market competitiveness.
China Cement Network will hold the "2023 China Cement Energy Conservation and New Energy Development Conference" in Chongqing on July 6-7, 2023. Explore new ways of energy saving and consumption reduction in cement industry.
After the meeting, we will visit Oriental Hope Chongqing Cement .
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