Cement Network Weekly Report: Poor recovery in some areas of North China, weak and stable concrete price (3.25-3.29)

2024-03-29 15:18:10

Poor recovery in some areas, weak and stable concrete prices..

China Cement Net Market Data Center News: Poor recovery in some areas, weak and stable concrete prices.. (more North China commercial mixed prices )

Beijing-Tianjin-Hebei region prices are mainly stable this week. The demand in Beijing has risen, and the price of raw materials has risen in the early stage, but the actual implementation is not good, and the price of concrete market is weak. The market demand in Tianjin is low, with few projects and full construction. At present, there are not many new projects in Hebei, building materials enterprises are mainly supplied by stock projects, and the short-term concrete shipment volume is limited. Shanxi market demand recovery is poor, market demand is declining, raw material prices are weakening in the near future, and concrete prices are expected to decline. In addition, the market in Inner Mongolia is mainly wait-and-see this week.

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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.