Cement Net Weekly Report: Cement Market in Northwest Ningxia Starts One After Another (3.18-3.22)

2024-03-22 17:32:23

Major enterprises intend to stabilize prices, but the situation is grim, which does not rule out the possibility of falling prices in the later period.

According to the cement network market data center news, the market in Ningxia started on the 15th. At present, the overall demand performance is weak, and major enterprises intend to stabilize prices, but the situation is grim, which does not rule out the possibility of price decline in the later period.

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Adani is also a big man in the Indian cement industry and is the second largest cement producer in India. He entered the industry in 2022 with the acquisition of Holcim's cement business in India, which acquired about 70 million tons of cement per year for $10.5 billion. Adani plans to expand its annual cement production capacity to 140 million tons by 2028. Adani has previously invested $1.6 billion to acquire Sanchi Cement and Penna Cement, and is expected to acquire an additional 21 million tons of production capacity.