[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

According to the information from China Cement Market Data Center, the demand in Northwest China is weak, the demand in Guanzhong of Shaanxi has reached the peak, but the enterprises have stabilized the price to support the market, and the pressure of dark drop is looming; the price depression in Ningxia continues to impact the market in Gansu and Shaanxi; the situation of maintaining stability in Xinjiang is remarkable.