Weekly Report of Cement Net: Weak Market Demand in North China, Decline in Concrete Price (4.08-4.12)

2024-04-12 15:04:26

The market demand is weak and the price of concrete is declining.

China Cement Net Market Data Center News: Market demand is weak, concrete prices are falling.. (More North China Commercial Concrete Prices)

Due to insufficient market demand, the price of concrete in Beijing has declined recently. At present, the construction site in Hebei is under normal construction, and the average daily supply of each mixing station has increased slightly. Insufficient market demand in Shanxi and Inner Mongolia, coupled with the downward trend of raw materials in Shanxi market, does not rule out the possibility of a decline in concrete prices in Shanxi Province.

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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.