National Cement Price Index (CEMPI) dropped from 130.22 to 109.65, with a month-on-month decrease of 15. The demand in the six regions showed a weak recovery, the construction conditions in East China improved, and the market sales increased; Shipments in Northeast China are general, with a strong wait-and-see attitude; the demand in North China is weak, with great pressure on price adjustment; the high inventory in Southwest China is under pressure, and the market situation is not optimistic; there are more rainy weather in Central and South China, with fierce competition among enterprises; the downstream demand in Northwest China is limited, with price reduction in many places.
Compared with the same period last year, CEMPI decreased by 24.
Figure 1: National cement price ratio and year-on-year trend
in the third quarter Data source: Cement Big Data (The cost of https://data.ccement. increased, with the high temperature weather, the demand for thermal coal increased. Coal prices generally rose, the price difference between cement and coal narrowed, the profit of the cement industry continued to deteriorate in July, CEMPI fell 6. The average cost decreased, with the temperature falling, coal consumption decreased, the cost pressure eased slightly, the price difference between cement and coal narrowed, CEMPI fell in August 3. The average cost increased slightly, the coal mine was restricted by security inspection, and the supply contracted. The coal price fluctuated higher, the cost pressure increased, and the profit of the cement industry continued to deteriorate. In September, CEMPI fell 3.
Compared with PPI, CEMPI rose in line with PPI, and CEMPI was ahead of the trend of change.
Figure 2: Trend of China Cement Price Index (CEMPI) and PPI on a month-on-month basis (month)
Data source: cement big data (https://data.ccement.com)
Six regions continued to fall In
the third quarter, the cement price index in the central and southern regions fell the most, by 21.44%. Prices in East China, Southwest China, Northwest China, North China and Northeast China fell by 18.20%, 14.22%, 9.66%, 8.94% and 7% respectively.
Prices in the five regions of Central South, North China, Northeast China, Southwest China and Northwest China fell by 25.94%, 20.62%, 19.95%, 19.94%, 12.
Figure 3: MoM Trend of Cement Price Indices in Six Regions in the Third Quarter (%)
Data Source : Cement Big Data (https://data.ccement.com)
Prices in 31 provinces and cities fell more than rose. In the
third quarter, the number of provinces with the largest increase in Xizang decreased by 3 provinces compared with the previous quarter. Among the provinces and cities with the largest increase in Xizang, the annual increase was the highest, reaching 4.72%, and the average price of the corresponding quarter increased by 29.52 yuan/ton; Xinjiang rose by 1.41%, corresponding to an average price increase of 6.42 yuan/ton, Qinghai rose by 0.58%, corresponding to an average price increase of 2. Among the 28 provinces and cities that fell, Guangxi had the highest decline of 27.07%, corresponding to a quarterly average price decline of 115.57 yuan/ton; Jiangxi fell by 24.65% on a month-on-month basis, and the average price in the corresponding quarter fell by 99. See Table 1 for details of prices in other provinces and cities that fell.