Weekly Report of Cement Net: Insufficient Newly Commenced Projects, Weakening Concrete Market (07.15-07.19)

2024-07-19 17:35:12

Some regions in China are affected by high temperature and rain weather, coupled with insufficient new projects, the price of concrete is weakening. From July 11th to July 17th, the national concrete price index closed at 116.73 points, down 0.47% from the previous month.

From July 11 to July 17, the national concrete price index closed at 116.73 points, down 0.47% annually and 11.64% year-on-year. From the perspective of regions, the price of concrete in Chongqing market has been reduced by 30 yuan/m3; the price of concrete in Inner Mongolia, Shanxi, Jiangxi and Hainan has been reduced by 10-20 yuan/m3; the price of concrete in Henan, Jiangsu and Shandong has been slightly reduced by 5-10 yuan/m3; the price of concrete in other provinces and cities in China has remained stable.

Figure 1: Trend

of Concrete Price Index in Recent Year Data Source: Cement Big Data (https://data.ccement.com/)

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Correlation

Recently, due to the persistent cost pressure in the south, the price of concrete has risen slightly with the raw materials, but the growth of market demand is limited, and the overall quotation is still stable. From October 31 to November 6, the national concrete price index closed at 112.47 points, up 0.31% annually and down 10.11% year-on-year.