[Concrete Price Index April Report]: The market is flat and prices continue to fall

2024-05-06 18:10:56

Rainwater in some regions of China is still on the high side, coupled with tight market funds, limited actual demand increment, coupled with weak cost-side support, concrete prices continue to fall. By the end of April, the National Concrete Price Index (CONCPI) had closed at 120.21 points, down 1.77% from the end of March and 13.35% from the same period last year.

In April, some regions in China were still affected by rain weather, coupled with the slow progress of government special bond issuance, weak construction intensity of housing and infrastructure projects, and the market demand for concrete remained at a low level in the same period in previous years. At the same time, the inventory pressure of upstream raw material enterprises is high, the implementation of price push is limited, and the support of cost side is weak. Affected by this, the concrete market in April was still relatively flat, and the focus of the transaction continued to decline.

By the end of April, the National Concrete Price Index (CONCPI) closed at 120.21 points, down 1.77% from the end of March and 13.35% from the same period last year.

Figure 1: Trend and Operation of National Concrete Price Index in April (Point)

Data Source: Cement Big Data (https://data.ccement.com/)

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Correlation

By the end of May, the National Concrete Price Index (CONCPI) closed at 99.35 points, down 0.99% from the end of April and 16.20% from the same period last year.

2025-06-10 15:24:35

Rainwater in some regions of China is still on the high side, coupled with tight market funds, limited actual demand increment, coupled with weak cost-side support, concrete prices continue to fall. By the end of April, the National Concrete Price Index (CONCPI) had closed at 120.21 points, down 1.77% from the end of March and 13.35% from the same period last year.

2024-05-06 18:10:56

In October, the domestic construction conditions were still acceptable, coupled with the increase in the arrival rate of capital construction funds, local construction was accelerated, but the overall demand was still lower than same period in previous years, and the rise and fall of concrete prices was relatively small. By the end of October, the National Concrete Price Index (CONCPI) had closed at 125.04 points, down 0.49% from the end of September and 12.02% from the same period last year.

2023-11-01 16:35:31

In May, the rainy weather in the south continued, the demand for concrete market still declined, coupled with the obvious drop in costs, domestic commercial mixed prices generally fell. By the end of May, the National Concrete Price Index (CONCPI) had closed at 136.22 points, down 1.81% from the end of April and 8.22% from the same period last year.

2023-06-01 16:40:45

In March, driven by infrastructure projects, the downstream construction volume increased annually, but the market demand in most areas has not yet recovered to the same period in previous years, and the price of concrete is stable and strong. By the end of March, the National Concrete Price Index (CONCPI) closed at 140.28 points, up 0.37% from the end of February, and down 6.63% from the same period last year.

2023-04-04 09:16:13

After the Lantern Festival, the construction demand in the southern market has gradually recovered, but the overall situation is still weaker than same period in previous years, and the price of concrete has generally remained stable and fallen, with only a slight rise in the central and southern parts. By the end of February, the National Concrete Price Index (CONCPI) had closed at 139.76 points, down 0.24% from the end of January and 8.08% from the same period last year.

2023-03-01 16:50:19

Coinciding with the Spring Festival holiday, domestic construction projects basically entered a state of holiday shutdown, concrete market turnover dropped to a low level, some concrete enterprises continued to lower their quotations before the festival, and prices have basically maintained stable operation since the Spring Festival. By the end of January, the National Concrete Price Index (CONCPI) had closed at 140.09 points, down 0.69% from the end of December and 9.39% from the same period last year.

2023-02-02 16:03:44

Despite the optimization and adjustment of the epidemic prevention policy, the overall construction progress in China has further slowed down due to the approaching New Year and the low temperature, and the demand for concrete in the southern market has gradually weakened. By the end of December, the National Concrete Price Index (CONCPI) closed at 141.07 points, down 0.93% from the end of November, compared with the same period last year. Prices fell by 10.26%.

2023-01-04 11:40:36

Wang Zhenxing was elected as the chairman of the eleventh board of directors of the company and served as the legal representative, with the same term of office as the current board of directors.