Weekly Report of Cement Net: Weak Demand in Central and South China, Steady Decline in Concrete Market (6.24-6.28)

2024-06-28 16:46:54

Demand is weak, concrete market is stable and falling..

China Cement Net Market Data Center News: Demand is weak, and the concrete market is stable and falling.. (More mixed prices in Central and South China)

Guangdong and Guangxi: The rainfall in Guangdong and Guangxi has decreased compared with the previous period, but the rainy weather is still continuing. Terminal market demand has not rebounded significantly. Although the price of raw materials such as cement in Guangdong has been pushed up since the middle of the year, the implementation is not yet clear. The terminal demand is weak, and most concrete enterprises have not kept up with the price increase, which is basically stable. The weekly quotation in Guangxi is mainly weak. At present, the mainstream level of C30 non-pumping in Nanning is basically around 250-280 yuan/ton.

Two lakes area: Recently, the whole province of Hunan has experienced continuous rainfall, especially in Changsha-Zhuzhou-Xiangtan area. All construction sites have been shut down, roads have been controlled, and concrete transportation has been restricted, which has led to a decline in demand and a decrease in shipments. According to local enterprises, the overall market demand this year is relatively weak, monthly shipments can only be maintained in a balanced state, and the overall situation of capital repayment is not optimistic. In terms of raw materials, local cement prices have been pushed up many times without substantial progress, and the overall market sentiment tends to be pessimistic. It is expected that the concrete market will remain stable and weak in the short term. At present, the mainstream price of C30 non-pumping tax in Hunan is about 310-360 yuan per square meter. This week, the Hubei region experienced some periods of rainy weather, construction activities were limited, resulting in a weak overall demand for concrete, the overall price of weak operation. The market demand performance

in Henan is not good, the shipment volume of enterprises is general, the raw material inventory is running at a high level, and the market is weak and stable.

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Correlation

In recent years, due to the influence of capital factors, the number of suspended and delayed construction projects has increased significantly, which has dragged down the demand of cement market. In 2025, with the support of a more active fiscal policy, some projects may be restarted, bringing a certain increase in demand for the cement industry.