Weekly Report of Cement Net: Contradiction between Supply and Demand and Price Competition in Northwest China Lead to Large Price Reduction (8.5-8.9)

2024-08-09 16:37:18

Shaanxi Guanzhong cement prices have reached the bottom and stabilized, the price war has eased, the market adjustment, the full recovery still needs time. Ningxia enterprises plan to raise prices by taking the opportunity of off-peak kiln shutdown, and the specific effect remains to be tested. Gansu, Qinghai and Xinjiang markets are stable, Xinjiang prices are stable, Gansu is partially fine-tuned and overall stable, Gansu will implement peak staggering and kiln shutdown, and market trends are concerned. The price of cement in Qinghai maintains the status quo without significant fluctuation.

The cement price in Guanzhong area of

Shaanxi Province has reached the bottom and stabilized, the price war has eased, and the market has entered a stable adjustment period, but the full recovery still needs time. Although prices in other regions are stable, market demand is still weak. Due to the deep price drop in the early stage and the opportunity of off-peak kiln shutdown

in Ningxia, enterprises have a strong willingness to raise prices, and plan to raise cement prices from the 9th. Some enterprises have issued price adjustment notices, and the specific results remain to be observed. In terms of the market in Gansu, Qinghai

and Xinjiang, the price in Xinjiang was stable due to the effective implementation of the off-peak policy; although there were signs of price loosening in some parts of Gansu, the overall price remained stable, and the quotation of leading enterprises remained unchanged. Gansu plans to shut down part of the clinker line for 15 days from the 15th, and the follow-up trend of the market deserves continuous attention. Cement prices in Qinghai maintained the status quo, and there was no significant fluctuation.

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