Cement Net Weekly Report: The concrete market in North China is stable and weak, and the price of raw materials is weak (7.1-7.5)

2024-07-05 16:27:18

The concrete market is stable and weak, and the price of raw materials is weak.

China Cement Net Market Data Center News: The concrete market is stable and weak, and the price of raw materials is weak (more prices of commercial concrete in North China)

. Recently , the price of concrete market in Beijing-Tianjin-Hebei region has remained stable. The new market demand is not strong, some mixing stations are insufficient in stock, new orders are few, and the overall price trend is stable and weak. Due to the northward movement of the rain belt, the Beijing-Tianjin-Hebei region has recently been affected by both rainy season and high temperature, which further inhibits the growth of concrete market demand. Although some cement enterprises in the region tried to push up the price of cement again this week, the market reaction was not positive, which led to the commercial mixed market remaining weak and stable. The market price of concrete

in Shanxi has recently been affected by the weak market demand, showing a slight downward trend. The market price of concrete in Inner Mongolia is stable.

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Adani is also a big man in the Indian cement industry and is the second largest cement producer in India. He entered the industry in 2022 with the acquisition of Holcim's cement business in India, which acquired about 70 million tons of cement per year for $10.5 billion. Adani plans to expand its annual cement production capacity to 140 million tons by 2028. Adani has previously invested $1.6 billion to acquire Sanchi Cement and Penna Cement, and is expected to acquire an additional 21 million tons of production capacity.