Cement Net Weekly Report: Northeast Concrete Market Steady, Cost Rising and Demand Stable (5.20-5.24)

2024-05-24 15:43:40

The concrete market is stable and the demand for rising costs is stable.

China Cement Net Market Data Center News: The concrete market is stable. Rising costs and stable demand ( more prices of commercial concrete in Northeast China)

This week, the trend of concrete market in Northeast China was stable and strong, and the price of concrete in some areas increased slightly. The increase in the cost of raw materials, especially the significant increase in the price of cement, is the key factor driving up the price of concrete. However, the growth of market demand has not kept pace with the rising cost, coupled with the fierce market competition, the overall performance of the market has not made a significant breakthrough due to the combined effect of various factors. Although the rising cost exerts upward pressure on concrete prices, the stability of the demand side limits the further strengthening of the market and ultimately keeps the market stable as a whole.

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Correlation

On April 7, Ningxia Building Materials held its annual performance presentation in 2024 by means of video combined with online text interaction. Wang Yulin, Chairman of the Company, Luo Libang, Independent Director and Chairman of the Audit Committee of the Board of Directors, Liang Yan, Chief Financial Officer, and Lin Fengping, Secretary of the Board of Directors and General Counsel, attended the results presentation and communicated with investors.