On March 29, the "2024 13th China Cement Industry Summit Main Forum and TOP100 Award Ceremony" was held grandly. At the meeting, Liu Xiaodan, a researcher at the Cement Big Data Research Institute, made a keynote report on China's aggregate market outlook for 2024.
She said that in 2023, the overall price of sand and gravel showed a downward trend, approaching the reasonable price range of sand and gravel, and the national output of sand and gravel was 14.973 billion tons, down 2.29% from the same period last year.
Looking forward to 2024, Liu Xiaodan analyzed that the sand and gravel industry will usher in a key "shuffle year". In 2024, many large-scale aggregate projects will be put into operation one after another, while the downstream demand is insufficient, and the industry is facing the risk of overcapacity. It is expected that the price will decline steadily, and the profit margin will be further squeezed.
She emphasized that the price war in the sand and gravel industry would be carried out in the future, and even there would be a dangerous situation of "1 yuan decides life and death".
