Weekly Report of Cement Net: Northeast Cement Is Rising Strongly, Concrete Market May Meet Cost Transmission Price Rise (7.8-7.12)

2024-07-12 16:21:46

The rise of cement is strong, and the concrete market may meet the cost conduction price increase.

China Cement Net Market Data Center News: The cement market is rising strongly, and the concrete market may meet the cost-conduction price increase ( more commercial mixed prices in Northeast China)

this month. Cement enterprises in Northeast China continued to strictly implement the policy of off-peak kiln shutdown, resulting in a tight supply of clinker, which pushed up the price of cement again during the period of 5-10 days, with an increase of 50-60 yuan/ton. The strong rise of this round of cement market indicates that the downstream concrete market will also be positively affected, and the cost transmission effect may appear, which may promote the rise of concrete prices. However, the specific price implementation of the concrete market still needs to be closely tracked and observed.

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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.