In October, the domestic weather conditions were suitable for carrying out construction activities, and the northern part entered the rush stage, and the construction intensity was higher than that in the previous period. On the demand side, the issuance of government special bonds was basically completed, the capital arrival rate of infrastructure projects was improved, new projects were launched one after another, and the demand for concrete increased. However, due to the drag of real estate construction, the overall domestic concrete shipments were still lower than peak season level in previous years. At the same time, upstream cement plants continue to push up the price of raw materials, the implementation of the increase is better than previous period, and the pressure of production cost of mixing stations is gradually increasing. On the whole, the supply and demand of domestic concrete market improved slightly in October, and the price decline narrowed.
By the end of October, the National Concrete Price Index (CONCPI) closed at 125.04 points, down 0.49% from the end of September and 12.02% from the same period last year.
Figure 1: Trend and Operation of National Concrete Price Index in October (Point)
Data Source: Cement Big Data (https://data.ccement.com/)