Cement Net Weekly Report: North China Concrete Market Demand Is Weak, Price Is Weak (6.17-6.21)

2024-06-21 15:21:53

The market demand for concrete is weak and the price is weak.

China Cement Net Market Data Center News: Concrete market demand is weak, prices are weak (more North China commercial mixed prices)

This week, the high temperature weather in Hebei continued. However, the rainy weather has decreased and the construction speed has increased. The overall performance of market demand is general, and the growth of new demand is limited, mainly relying on the support of key projects. The price of concrete in Beijing-Tianjin-Hebei region remained stable as a whole, but the price of slag powder in some areas fell, which affected the stability of concrete price and made it run in a weak state. The overall market demand in Shanxi is insufficient, and Taiyuan, the core market, has not yet seen enough momentum for price increases. Despite the attempts of leading cement enterprises to push up the price of cement, the market has not responded positively to this, resulting in the continued weak operation of concrete prices. The demand in Inner Mongolia is not high, but the market price remains stable.

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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.