In February, the concrete market was in the recovery stage after the festival, and the national commodity concrete price index was weak and stable. After New Year's Day, workers began to return to work one after another, the start-up rate of downstream construction projects gradually picked up, and the demand for concrete in the southern region recovered. The northern region continues to be affected by low temperature weather, demand recovery is relatively slow, and the overall market is still in the off-season. At the same time, some upstream cement enterprises try to push up the quotation, concrete enterprises hold a wait-and-see attitude, and the actual transaction price is stable and falling.
By the end of February, the National Concrete Price Index (CONCPI) closed at 139.76 points, down 0.24% from the end of January and 8.08% from the same period last year.
Figure 1: Trend and Operation of National Concrete Price Index in February (Point)
Data Source: Cement Big Data (https://data.ccement.com/)