Weekly Report of Cement Net: Weak Market Demand in Off-season, Steady Decline of Concrete Price (07.08-07.12)

2024-07-12 17:29:18

Recently, the domestic rain belt has moved northward, the market demand in most regions is still weak, and the price of concrete is stable and weak. From July 4th to July 10th, the national concrete price index closed at 117.28 points, down 0.54% from the previous month.

From July 4 to July 10, the national concrete price index closed at 117.28 points, down 0.54% annually and 11.41% year-on-year. Regionally, the price of concrete in some areas of Hunan and Shaanxi has been reduced by 20 yuan per square meter, the price of concrete in some areas of Sichuan and Hubei has been reduced by 5-15 yuan per square meter, and the price of concrete in other provinces and cities in China has remained stable.

Figure 1: Trend

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

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Correlation

In recent years, due to the influence of capital factors, the number of suspended and delayed construction projects has increased significantly, which has dragged down the demand of cement market. In 2025, with the support of a more active fiscal policy, some projects may be restarted, bringing a certain increase in demand for the cement industry.