Weekly Report of Cement Net: Weak Demand for Concrete in North China, Price Decline Under Pressure (8.26-8.30)

2024-08-30 16:29:57

The demand for concrete in North China is weak and the price is under pressure.

China Cement Net Market Data Center News: The demand for concrete in North China is weak, and the price is under pressure (more prices of commercial concrete in North China)

. The demand for concrete in Beijing-Tianjin-Hebei region has decreased due to the recent rainfall, and the price of concrete in Beijing has declined compared with the previous period. The Tianjin market as a whole is in the doldrums, and prices remain low. Waterlogging caused by rainfall in Hebei has a significant impact on construction, and mixing stations are facing double pressures of funds and orders. At present, the overall performance of the concrete market

in Shanxi is weak, the progress of downstream projects is sluggish, the number of new projects is scarce, and the vitality of the industry is insufficient. What is more serious is that the shortage of funds is still pending, which has become a key factor restricting the market recovery. In Inner Mongolia, the concrete market is also facing a downturn. The rainy weather in recent days has led to the failure of local engineering projects to proceed normally, the shipment volume of mixing stations has declined significantly, and the price has remained at a low level to maintain market stability.

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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.