Cement Net Weekly Report: Cost Pressure Increases, Concrete Market Price Decline Narrows (05.27-05.31)

2024-05-31 17:14:10

Recently, there is still too much rain in some regions of China, and the demand for concrete market is running at a low level, but the overall price decline has narrowed due to the impact of cost support. From May 27 to May 31, the national concrete price index closed at 118.55 points, down 0.31% annually and 13.61% year-on-year.

From May 27 to May 31, the national concrete price index closed at 118.55 points, down 0.31% annually and 13.61% year-on-year. Regionally, local concrete prices in Jiangxi, Hubei and Guangdong have been reduced by 10-20 yuan per square meter, local concrete prices in Sichuan have fallen by 30 yuan per square meter, and concrete prices in other provinces and cities in China have remained generally stable.

Figure 1: Trend

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

All can be viewed after purchase
Correlation

According to the information from China Cement Market Data Center, the demand in Northwest China is weak, the demand in Guanzhong of Shaanxi has reached the peak, but the enterprises have stabilized the price to support the market, and the pressure of dark drop is looming; the price depression in Ningxia continues to impact the market in Gansu and Shaanxi; the situation of maintaining stability in Xinjiang is remarkable.