Cement Weekly: North China Concrete Market Faces Bottleneck of Demand and Shipment Growth (8.19-8.23)

2024-08-23 15:13:42

The concrete market in North China is facing the bottleneck of demand and shipment growth.

China Cement Market Data Center News: North China concrete market is facing the bottleneck of demand and shipment growth (more North China commercial concrete prices)

This week, the Beijing-Tianjin-Hebei market is still negatively affected by the rainy weather, and the construction progress is hindered. In terms of price, the mainstream market quotation is relatively stable, but the market demand is weak, and the sales of raw materials are affected by the weather, resulting in a decline in sales. Under the dual influence of adverse weather conditions and insufficient market demand, it is expected that the concrete shipment volume will be difficult to increase in the short term, and the market will continue to show a weak state. At present, the concrete market

in Shanxi is affected by infrastructure construction, real estate market regulation policy, weather factors and other aspects. Although the overall market demand is still weak, with the continuous promotion of infrastructure construction and the gradual recovery of the real estate market, the concrete market is expected to usher in further growth momentum. The concrete market in Inner Mongolia shows a relatively stable situation, and the demand and price continue to be stable.

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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.