On July 15, the National Bureau of Statistics released the national economic data for the first half of the year. Cement output in the first half of the year was 850.47 million tons, compared with 953 million tons in the same period last year, a decrease of 103 million tons, or 10.76% .
At the beginning of the year, experts in the industry predicted that the domestic demand for cement would fall below 2 billion tons in 2024. Judging from the current data, the probability is being infinitely enlarged. However, compared with the sharp decline in production data in the first half of the year, the data of land acquisition by housing enterprises in the first half of the year is more "cool".
According to the data released by Zhongzhi Research Institute, from January to June 2024, the total amount of land taken by TOP100 housing enterprises was 380.1 billion yuan, down 35.8% from the same period last year, and the decline continued to expand from January to May. In terms of
real estate investment, from January to June, the national real estate development investment was 52529 billion yuan, down 10.1% from the same period last year; among them, the residential investment was 39883 billion yuan, down 10.4%.
In addition, the new housing construction area was 38 million 230 thousand square meters, down 23.7% . Among them, the new residential construction area was 277 million 480 thousand square meters, down 23.6%. In terms of
capital, from January to June, the capital in place of real estate development enterprises was 5353.8 billion yuan, down 22.6% from the same period last year. Of this, domestic loans were 820.7 billion yuan, down by 6.6%; foreign capital utilization was 1.3 billion yuan, down by 51.7%; and self-raised funds were 188.62 billion yuan, down by 9.1%. The decline in
real estate investment is the core factor leading to the intensification of the contradiction between supply and demand in the current cement industry, and the situation of land acquisition is the leading indicator of real estate investment. It basically means that real estate investment will continue to decline in the second half of the year, and the supporting role of real estate in cement demand may continue to weaken .
