Weekly Report of Cement Net: Northeast Market Demand Is Flat, Sales Volume Is Affected by Rainfall (8.5-8.9)

2024-08-09 16:12:33

Northeast market demand is flat, and sales are affected by rainfall.

China Cement Net Market Data Center News: Northeast market demand is flat, sales are affected by rainfall (more Northeast commercial mixed prices)

In August, the concrete market in Northeast China failed to see a significant recovery in demand, and the overall performance was stable. Affected by the continuous rainy weather, the construction progress has been hindered, further limiting the demand for concrete. The price of raw materials remained basically stable, and there was no significant fluctuation. Therefore, the price of concrete also remained stable, and there was no significant change.

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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.