Cement Net Weekly Report: Concrete Market Demand Flat, Northeast Continues to Follow Raw Material Rise (06.03-06.07)

2024-06-07 00:41:49

Recently, domestic demand is still relatively flat, the cost pressure of mixing stations is increasing, and the Northeast continues to rise. As of June 7, the national concrete price index closed at 118.42 points, down 0.11% annually and 13.07% year-on-year.

From June 3 to June 7, the national concrete price index closed at 118.42 points, down 0.11% annually and 13.07% year-on-year. Regionally, the price of concrete in Liaoning market has increased by 30 yuan per square meter, the price of concrete in Zhejiang and Jiangsu has decreased by 20 yuan per square meter, and the price of concrete in other provinces and cities in China has remained basically stable.

Figure 1: Trend

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

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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.