Weekly Report of Cement Net: Market Demand Weakens, Concrete Price Is Mainly Stable (06.10-06.14)

2024-06-14 17:35:49

After the festival, the market demand in most regions tends to be weak, and the focus of concrete transactions is mainly stable. As of June 12, the national concrete price index closed at 118.39 points, down 0.03% annually and 12.69% year-on-year.

From June 6 to June 12, the national concrete price index closed at 118.39 points, down 0.03% annually and 12.69% year-on-year. Regionally, the price of local concrete in Hebei has been reduced by 10 yuan per square meter, while 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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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.