Cement Network Weekly Report: Precipitation in Many Places Decreases, Concrete Market Price Temporarily Stable (07.01-07.05)

2024-07-05 17:34:54

Rainwater in the south has decreased recently, but the growth rate of downstream construction demand is limited, and the price of concrete is mainly stable. From June 27th to July 3rd, the national concrete price index closed at 117.92 points, and the ring ratio remained stable.

From June 27 to July 3, the national concrete price index closed at 117.92 points, which remained stable, with a year-on-year decline of 11.14%. Regionally, concrete prices in all provinces and cities in China have maintained stable operation.

Figure 1: Trend

of Concrete Price Index in Recent Year Data Source: Cement Big Data (https://data.ccement.com/)

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Correlation

Recently, due to the persistent cost pressure in the south, the price of concrete has risen slightly with the raw materials, but the growth of market demand is limited, and the overall quotation is still stable. From October 31 to November 6, the national concrete price index closed at 112.47 points, up 0.31% annually and down 10.11% year-on-year.