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:
