Cement Net Weekly Report: Concrete Market Demand Is Sluggish, Local Prices Fall Under Pressure (8.26-8.30)

2024-08-30 17:31:27

Most regions in China are affected by capital factors, lack of construction increment downstream, no improvement in concrete market demand, and downward pressure on local quotations. From August 22 to August 28, the national concrete price index closed at 113.68 points, down 0.42% annually and 11.12% year-on-year.

From August 22 to August 28, the national concrete price index closed at 113.68 points, down 0.42% annually and 11.12% year-on-year. From the perspective of different regions, the price of concrete in Beijing and Tianjin has been reduced by 20 yuan/m3; the price of concrete in Hainan, Guangdong and Hubei has been reduced by 5-20 yuan/m3; the price of concrete in other provinces and cities in China has remained stable.

Figure 1: Trend

of Concrete Price Index in the Past Year Data Source: Cement Big Data (https://data.ccement.com/)

1. From the perspective of regional market conditions

, from August 22 to August 28, The concrete price index in North China fell by 2.48% on a month-on-month basis; the concrete price index in central and southern China continued to fall, with a slight decrease of 0.72% on a month-on-month basis; the concrete price index in other regions in China remained stable.

Table 1: Comparison

of Concrete Price Indices in Six Regions Data Source: Cement Big Data (https://data.ccement.com/)

The concrete market in different regions is as follows:

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Correlation

Recently, due to the persistent cost pressure in the south, the price of concrete has risen slightly with the raw materials, but the growth of market demand is limited, and the overall quotation is still stable. From October 31 to November 6, the national concrete price index closed at 112.47 points, up 0.31% annually and down 10.11% year-on-year.