Cement Net Weekly Report: The Concrete Market in North China Is Stable and Weak, the Cost Is Rising and the Price May Rise (6.3-6.7)

2024-06-07 13:50:46

The concrete market is stable and weak, and the cost is rising or the price will rise.

China Cement Net Market Data Center News: The concrete market is stable and weak, and the cost is rising or the price will rise.

This week, Hebei benefited from the improved weather and accelerated the construction progress of some key projects, which promoted a slight increase in concrete shipments. Nevertheless, the price of concrete in Hebei remained stable, mainly due to insufficient new market demand and tight supply of stock projects, and the price showed a stable and weak trend. It is expected that the arrival of the busy farming season will continue to lead to a decline in shipments next week. The market in Tianjin is weak, with fewer new projects and less demand. Demand in Beijing remains stable, but the rising cost of raw materials may lead to price adjustment in the later period.

In Inner Mongolia and Shanxi, due to the recent fine weather in Shanxi, the market demand has warmed up, and the shipments of manufacturers have increased. However, rising raw material and transportation costs have pushed up the cost of concrete production. Inner Mongolia market demand and sales performance is weak, and prices remain stable for the time being.

On the whole, the concrete market in North China is affected by multiple factors, and the price and demand are facing challenges to varying degrees.

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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.