What is the trend of Shaanxi cement market in 2024?

2024-03-19 14:45:45

Western Cement expects that the price of Shaanxi cement will remain stable in 2024.

Western Cement recently announced its annual performance report for 2023. The report shows that in 2023, the company's total sales of cement (including clinker ) reached 20.5 million tons, an increase of 6.2%, aggregate sales of 4.05 million tons, a decrease of 12.2%, and commercial concrete sales of 1.91 million cubic meters, an increase of 9.8%. The annual sales revenue was RMB9.02 billion, representing a year-on-year increase of 6.3%, and the overall profitability remained stable.

At present, the main business of Western Cement is distributed in Shaanxi Province, Xinjiang Uygur Autonomous Region, Guizhou Province, Mozambique, Congo (Kinshasa), Ethiopia and other places in Africa. In the report,

Western Cement made an outlook for the Shaanxi market in 2024.

Western Cement said that based on the current macroeconomic environment and the specific situation of Shaanxi Province, it expects that the demand for cement in Shaanxi will not increase significantly in 2024. On the

demand side, Western Cement expects a reasonable growth in infrastructure demand in Shaanxi, and several large-scale projects have been or will be started in 2024, but substantial growth is not easy to achieve . The demand for real estate in cities and rural areas will remain stable. On the

supply side, Western Cement expects that the price of Shaanxi cement will remain stable in 2024 due to the tightening environmental protection policy, which limits the supply of production capacity.

It is understood that in 2023, the sales volume of western cement in Shaanxi is about 14.1 million tons, which is about 4.1% lower than 14.7 million tons in 2022; the average price of cement is about 269 yuan, which is about 17.5% lower than 326 yuan in 2022 (excluding VAT); The capacity utilization rate is about 65%, which is about 4.4% lower than the 68% in 2022.

Cement industry has serious overcapacity, the impact of peak staggering production on the supply side has declined significantly, the "competition and cooperation relationship" formed over the years has broken down, and the pressure of industry operation has doubled. On March 28-29, China Cement Network will hold the "13th China Cement Industry Summit and TOP100 Award Ceremony" in Hangzhou, during which awards will be given to top 100 cement and supplier enterprises, and experts and scholars will be invited. China Railway and other construction units jointly discuss the new development trend of the cement industry in the future, and work together to create the future!


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