Weekly Report of Cement Net: The Demand for Concrete in Northeast China Is Weak, and the Price Adjustment Range Is Not Significant (7.15-7.19)

2024-07-19 15:31:38

The demand for concrete is weak and the price adjustment is not obvious.

China Cement Net Market Data Center News: The demand for concrete is weak, and the range of price adjustment is not obvious (more prices of commercial concrete in Northeast China)

. The concrete market in Northeast China shows differentiated performance in different regions. Due to the lack of strong demand for new projects and projects under construction in Heilongjiang region, the market performance is relatively weak, while the demand in Jilin region is relatively stable due to the promotion of key projects. The overall demand in Liaoning is not ideal, and the acceptance of cement price increase by mixing stations is not good. In terms of price, although the rising cost of raw materials exerts pressure on prices, the overall price adjustment in the market is limited.

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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.