A five-year low! Still bottoming out! What happened to the cement market?

June, with high temperature and rainy weather, downstream construction was light, demand was further weakened, and cement prices continued to decline. After the beginning of Meiyu, there was more rainy weather in the southern region, and the shipment volume of enterprises decreased; the high temperature weather in the northern region was obvious, the market demand declined seasonally, and the market was mainly weak.

Weak demand, high inventory and capital shortage are common phenomena in the cement industry in the first half of this year. According to the National Cement Price Index (CEMPI), as of the end of June, the index closed at 117.61 points, down 1.28% month-on-month and 19% year-on-year. Since April this year, the index has continued to decline, falling all the way to a new five-year low.

The recent market changes in the six major regions of the country are as follows:

East China

Zhejiang: Influenced by plum rains and gradually higher temperatures, Market demand in Zhejiang was relatively light, with cement prices in Hangzhou, Jiaxing, Huzhou and Shaoxing falling by 10-20 yuan/ton. Anhui

: In the traditional off-season of the market, the market demand in Anhui has declined significantly compared with the previous period, and the cement price in Hefei and other surrounding areas has dropped by 20-30 yuan/ton.

Fujian: Before and after the Dragon Boat Festival, there are more rainy weather in Fujian, and the problem of funds is tight. Since the latter half of the year, the price of cement in Fuzhou, Ningde, Xiamen, Quanzhou, Zhangzhou and other places in southern Fujian has dropped by 10-20 yuan/ton.

Shandong: The market demand continues to be depressed, and the inventory is generally high. Recently, the cement prices in Jinan, Zibo, Zaozhuang, Jining, Heze and other places in Shandong have dropped by 10-30 yuan/ton.

Central-South

Hubei: There is a lot of rain in Wuhan area, and the market demand and sales are low." The price of cement in Wuhan and eastern Hubei was slightly reduced by about 10 yuan/ton.

Guangdong: More rainy weather, weak market demand, 25, Guangdong Zhanjiang, Maoming region to reduce cement prices 20-30 yuan/ton, the Pearl River Delta region secretly lower 20 yuan/ton.

Guangxi: In the off-season of the market, the demand and sales volume are insufficient. Before the Dragon Boat Festival, the price in the region has dropped by 20-40 yuan/ton, and some enterprises have dropped by nearly 100 yuan per ton in a month.

Henan: the recent weak market demand, inventory is generally high, Zhengzhou and the surrounding areas in recent days, the transaction price continued to decline 10-20 yuan/ton.

Southwest

Chongqing : In the middle of the year, the cement price in the main city and the western Chongqing market was raised by 30-50 yuan/ton. The actual implementation is general.

Guizhou: The terminal market demand continues to be depressed, the enterprise shipment situation is poor, and the cement price is reduced by 10-20 yuan/ton before and after the Dragon Boat Festival.

Yunnan: Power rationing is liberalized, enterprise inventory rises, pressure increases, and cement prices in Dali and Lijiang areas are lowered by 20-40 yuan/ton in the latter half of the year.

North China

Shanxi: impacted by the low price of cement in Henan, The price of cement in southern Shanxi was lowered by 10-30 yuan/ton.

Inner Mongolia: Influenced by many factors such as capital, the market demand in Inner Mongolia is sluggish. Recently, the price of cement in Alashan and Xing'an League has dropped by 40-50 yuan/ton.

Northwest China

Ningxia: weak demand, Cement prices in Yinchuan, Wuzhong, Zhongwei and other places in Ningxia have fallen back to the level before May.

Gansu: The demand is low, and the cement price in Longnan and Tianshui has dropped by 20-30 yuan/ton recently; the market demand in Qinghai and Xinjiang is difficult to improve, and the cement price is temporarily stable.

Northeast China

Heilongjiang, Jilin: In the middle of June, the notice pushed up the price of cement by 20-50 yuan/ton. The demand for cement in the two places was general, and the implementation range was mostly 10-15 yuan/ton.

Market outlook forecast:

summer is hot and rainy, off-season characteristics are obvious, market sentiment is low, cement prices are expected to continue to decline.

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