Cement Network Weekly Report: North China Concrete Construction Progress Improves, Market Demand Growth Is Still Limited to Low Season (9.2-9.6)

2024-09-06 16:14:12

The progress of concrete construction in North China has been improved, and the growth of market demand is still limited by the off-season.

China Cement Market Data Center News: North China concrete construction progress improved, market demand growth is still limited by the off-season (more North China commercial concrete prices)

This week, construction in the Beijing-Tianjin-Hebei region benefited from reduced rainfall, construction progress has accelerated. However, due to the dual impact of construction off-season and insufficient support for key projects, the growth of concrete market demand and shipment volume is still limited. Nevertheless, the market price is relatively stable. During the week, the price of cement in northern Hebei was first notified to be raised by 30 yuan/ton, and Shijiazhuang and Baoding are also considering following up the price adjustment plan. If the pressure of rising raw material costs continues, it is not excluded that concrete prices will follow suit. But further recovery in the overall market has been limited by a dearth of new projects and adverse weather conditions, which together have dampened demand growth.

At present, due to the lack of effective support from new projects, the market demand is weak, and the overall market situation is obviously weak. At the same time, the concrete market in Inner Mongolia has also been in the doldrums, with demand hovering at a low level for a long time. Although the price has remained relatively stable, the market activity is seriously inadequate.


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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.