Lack of market confidence, it is difficult for Shandong cement prices to push up

According to China Cement Market Data Center, some major manufacturers in Shandong Province have tried to push up the price of cement by about 30 yuan/ton since October 14. A cement enterprise

in Shandong Province said that the price adjustment was due to the recent entry of some construction sites into the construction period, the market demand was slightly better than before, coupled with the increase in coal prices, and the reduction of clinker inventory pressure after the shutdown of the kiln. However, due to overcapacity, insufficient demand, repeated failures in pushing up prices in the early stage, and lack of market confidence, some enterprises are still on the sidelines, and it remains to be seen whether this round of prices can be finally implemented.

According to the statistics of Shandong Province, from January to August this year, the province's investment in fixed assets increased by 5.6% year-on-year; from January to August last year, the province's investment in fixed assets increased by 6.4% year-on-year. This year, the growth rate of fixed asset investment in Shandong Province has slowed down, and this change has also been significantly reflected in the demand for cement-that is, depression.

Not only is demand declining, but overcapacity is also a major reason for the downturn in the market. "Now the overcapacity is almost 60%." A person in charge of a cement enterprise in Shandong Province said that although demand has recovered recently, market confidence is seriously insufficient and sentiment is low, and the market is likely to decline again in November and December.