According to China Cement Network Market Data Center, since June, the competition in Ningxia cement market has been white-hot, the cement market has been in a downturn, and some enterprises have continuously lowered their quotations by reducing production costs in order to maintain market share. The price of P.O42.5 bulk cement from some manufacturers has dropped to a historical low of 150 yuan/ton.
At present, Ningxia market has fallen into a vicious circle of "unsalable price increase, price reduction and fall", and the price adjustment space of enterprises is extremely limited. At the same time, the outflow of low-price cement in Ningxia has a significant impact on the surrounding regional market, which further intensifies the pressure of competition in the industry. At present, the market price continues to decline, and the future market trend is still uncertain.
In addition, big data from China Cement Network also show that since the end of April, cement prices in Ningxia have continued to decline, with a cumulative decline of more than 70 yuan per ton.
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