February, affected by the low temperature weather in the northern region, most construction sites and mixing stations have not yet fully resumed work, the pace of construction is slow, the temperature in the southern region is warmer, the market demand is accelerating recovery, and some areas are actively raising prices.
Overall, the downstream demand gradually recovered in February, coupled with the winter peak staggering stage in many places, the supply-demand relationship strengthened, and the cement price fluctuated upward . The national cement price index (CEMPI) was 136.63 points at the beginning of
February, and closed at 137.62 points at the end of the month, with a month-on-month increase of 0.64% ; due to the high absolute price in the same period, the cement price in this period decreased by 18.13% year-on-year.
Regionally, the supply-demand relationship in the six regions is better than that before the festival, but the range is different.
Specifically, the East China region has resumed work in succession, and the demand has been accelerated to recover; the downstream construction in the central and southern regions is active, and the enterprise shipment is good; the temperature in the North China region is low, and the overall demand is weak; the Northeast region has not yet started, and the market demand is sporadic; the Northwest region is mostly in the off-peak, and the market supply and demand is general; the Southwest region has started the project, and the market sales have increased.
Figures 1 and 2: February 2023 National Cement Price Index CEMPI, Cement Price Index (CEMPI) K-line
Chart Data Source: Cement Big Data (https://data.ccement.com/)
Cost. At the end of February, the average spot price of 5500 kcal steam coal was 1240 yuan/ton, up 0.73% annually and 2.06% year-on-year. In the first and middle ten days of
February, the downstream factories resumed work slowly, the purchasing demand was on the low side, and the price of origin was mainly reduced. After the middle and last ten days, the market sales increased. Combined with the impact of the Inner Mongolia mine disaster, the price of thermal coal turned from falling to rising, and finally rose slightly. At the end of
the month, the cost of coal per ton of cement was about 121.40 yuan, up 0.88 yuan from the end of January, and the cost pressure increased slightly. At the end of
February, the cost price difference between cement and coal was 235.69 yuan/ton, up 0.58% from the previous month, the price difference between cement and coal widened, the cost transfer ability of cement enterprises increased, and the production efficiency improved.
Figure 3: Cement price, coal cost and price difference in February 2023 (yuan/ton)
Data source: Cement Big Data (https://data.ccement.com/)
At the end of February 2023, The average price of P.O42.5 bulk cement in China was 417.79 yuan/ton , up 0.63% annually and down 18.13% year-on-year.
In February, prices fell in 9 provinces (cities), 9 provinces (cities) were flat, and 13 provinces (cities) prices rose. Among them, Jiangsu has a larger increase, with a range of over 8%.
Table 1: Average price change of P.O42.5 bulk cement in each province in February 2023 (yuan/ton)
(Note: the above price is the price in place including tax, and the specific price is subject to the actual transaction price)
. Now, the epidemic situation has become the past, and China's economy has restarted. 2023 will be the key year for economic recovery. In this context, how to timely spy on China's macroeconomic situation in 2023, grasp the pulse of cement demand and market in 2023, understand the changing market situation, and discuss when the era of high cost of cement will end has become a major concern of the industry!
On this occasion, China Cement Network will hold the " 2023 China Cement Industry Summit " in Hangzhou, Zhejiang Province on March 15-16, 2023, with the theme of "Strong Confidence & nbsp; Seeking Breakthrough & nbsp; With the theme of "Promoting Development", we sincerely invite industry leaders, experts, cement enterprises and equipment suppliers to gather together to discuss industry plans.
For more information about the conference, please call the 18958090092
.
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