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

CEMPI

125.55

+0.22 +0.18%

CONCPI

100.34

-0.09 -0.09%

CLKPI

126.73

+0.01 +0.01%

SPPI

49.38

-0.07 -0.14%

MORPI

77.95

-0.03 -0.04%

Weekly Report of Cement Network: Weak Cement Market Demand in Northwest China, Highlighting Pressure (4.21-4.25)

According to the information from China Cement Market Data Center, the demand in Northwest China is weak, the demand in Guanzhong of Shaanxi has reached the peak, but the enterprises have stabilized the price to support the market, and the pressure of dark drop is looming; the price depression in Ningxia continues to impact the market in Gansu and Shaanxi; the situation of maintaining stability in Xinjiang is remarkable.