bleak market demand, the price of cement market is particularly weak. Recently, it has been reported that cement prices of some enterprises in Fujian have generally fallen back to the level before the August rise, while the rest of the enterprises are expected to follow up.
It is understood that at the beginning of this month, the Fujian market just came the news of price increase, from August 6, the price of all kinds of cement was raised by about 30 yuan/ton. Only 10 days or so, Fujian cement prices fell rapidly. On the one hand, the
weak demand for cement, frequent high temperature and rainy weather, and the downturn of the real estate market make it difficult to form a strong support for the demand for cement. It is understood that in the first half of 2024, the investment in real estate development in Fujian Province decreased by 15.8% year-on-year, and the sales area of new commercial housing decreased by 22.7% year-on-year.
On the other hand, the market competition is severe, and it is difficult for enterprises to cooperate. It is understood that the price of cement in Fujian rose by 30 yuan/ton at the beginning of the month, and some enterprises did not keep up with the rise. In addition, the coastal areas of Fujian are convenient for water transportation, and the impact of foreign cement is an important factor affecting the cement market in Fujian.
Fujian cement market is full of challenges, and the current insufficient demand for cement is the general trend of the economic cycle. In this context, cement enterprises should not only actively respond, but also maintain strategic strength and firm confidence in development.
