Cement net monthly report: demand performance is average, sand and stone prices fluctuate in a narrow range (10.1-10.31)

2024-11-05 11:42:36

In October, with the gradual decline of the national temperature, the northern project came to an end, and there was a small-scale rush to work in some areas, while the southern construction activities increased, the demand warmed up, and the shipment volume increased slightly. On the supply side, a number of sand and gravel aggregate projects have been successfully put into operation, production capacity has been released rapidly, sand and gravel prices have stopped falling slightly, and have entered a narrow range of volatility.

By the end of October 2024, the National Gravel Price Index (CSPI) closed at 78.97 points, down 0.05% annually and 6.17% year-on-year. The National Machine-made Sand Price Index (MSPI) closed at 82.56 points, up 0.11% annually and down 6.44% year-on-year.

Figure 1: Trend of National Gravel Price Index (points) Figure 2: Trend of National Machine-made Sand Price Index (points)

Data Source: Cement Big Data (https://data.ccement.com/)

I. Sand and gravel market analysis

in October, the national sand and gravel prices stopped falling and entered a narrow range of shock consolidation stage. Although the demand for sand and gravel has rebounded, the overall performance is general, less than same period last year, and the characteristics of the peak season are not obvious. Demand rebounded in the first ten days of the year, but the rebound narrowed in the last ten days of the year. The supply side showed strong performance, production capacity continued to increase, and inventory remained high. In terms of price, although many enterprises have the willingness to raise prices, the actual implementation is not good, and the effect of price increase is not satisfactory.

Specifically:

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Correlation

Cement net monthly report: demand performance is average, sand and stone prices fluctuate in a narrow range (10.1-10.31)

In October, with the gradual decline of the national temperature, the northern project came to an end, and there was a small-scale rush to work in some areas, while the southern construction activities increased, the demand warmed up, and the shipment volume increased slightly. On the supply side, a number of sand and gravel aggregate projects have been successfully put into operation, production capacity has been released rapidly, sand and gravel prices have stopped falling slightly, and have entered a narrow range of volatility.

2024-11-05 11:42:36

CEMPI

91.97

+0.41 +0.45%

CONCPI

86.60

-0.31 -0.36%

CLKPI

96.45

+0.25 +0.26%

SPPI

41.07

0.00 0.00%

MORPI

71.85

-0.41 -0.57%

Weekly Report of Cement Network: List of Average Price of P.O42.5 Bulk Cement in China (from August 28 to September 4)

The title is "National P.O42.5 Bulk Cement Average Price List". Overall, the average price of cement in China has increased to a certain extent, with a ring ratio of 0.5%. Prices in some areas have not changed, such as Beijing, Tianjin and other places. The regions with obvious price changes include Chongqing, where the ring-to-ring ratio decreased by -9.96%, and Henan, where the ring-to-ring ratio increased by 7.65%. In addition, prices in Chongqing, Yunnan and other places showed a downward trend, while prices in Henan, Shaanxi and Guangdong showed an upward trend.