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

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.