Weekly Report of Cement Net: Rain Weather Continues, Concrete Price Declines Steadily (07.22-07.26)

2024-07-26 20:17:51

Rainfall continued in many parts of the country, local typhoons invaded, downstream construction was slow, and concrete prices fell steadily. From July 18th to July 24th, the national concrete price index closed at 116.05 points, down 0.58%.

From July 18 to July 24, the national concrete price index closed at 116.05 points, down 0.58% annually and 11.76% year-on-year. From the perspective of regions, the price of concrete in Beijing and Tianjin has been reduced by 20 yuan/m3; the price of concrete in some regions of Guangdong has been reduced by 10-20 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.