Weekly Report of Cement Net: Market Demand Is Low, Concrete Price Continues to Decline (7.29-8.2)

2024-08-02 17:29:53

Domestic construction conditions have not been significantly improved, coupled with insufficient new projects in most regions, the concrete market is still flat. From July 25th to July 31st, the national concrete price index closed at 115.36 points, down 0.59% from the previous month.

From July 25 to July 31, the national concrete price index closed at 115.36 points, down 0.59% annually and 12.11% year-on-year. In terms of regions, the price of concrete in Hubei and Jiangsu has been reduced by 10-20 yuan/m3; the price of concrete in Anhui, Shanghai, Hebei and Shandong has been reduced by 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 the Past Year Data Source: Cement Big Data (https://data.ccement.com/)

From the perspective of regional market conditions

of the first and sixth regions, from July 25 to July 31, Concrete prices in East China, Central South China and North China fell by 0.89%, 0.59% and 0.40%, respectively, while the concrete price index in other parts of the country remained stable.

Table 1: Comparison

of Concrete Price Indices in Six Regions Data Source: Cement Big Data (https://data.ccement.com/)

The concrete market in different regions is as follows:

All can be viewed after purchase
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.