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

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.