Weekly Report of Cement Net: Demand for Raw Materials in North China Is Insufficient, Concrete Prices Are Steady and Small (5.27-5.31)

2024-05-31 16:10:33

The demand for raw materials is insufficient, and the price of concrete is stable.

China Cement Net Market Data Center News: The demand for raw material prices is insufficient, and the price of concrete is stable. (More North China Commercial Concrete Prices)

Concrete prices in Hebei have remained stable recently, although new demand growth has been slow and prices have declined slightly. However, thanks to this week's sunny weather and the promotion of some projects, the market demand has improved and the shipment volume has increased slightly. It is expected that the shipment volume of enterprises will maintain the current level in the short term. The price of concrete in Tianjin market has been slightly reduced, mainly due to the fierce competition and insufficient demand in the raw material market. Beijing market quotation is temporarily stable.

The Inner Mongolia market is supported by rising production costs, and concrete prices are expected to pick up. In Shanxi, due to good weather and warmer market demand, manufacturers'shipments increased, but the increase in raw materials and transportation costs pushed up the cost of concrete production.

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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.