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/)
