Demand Pressure and Inventory Rise, Cement Prices in Many Parts of the Yangtze River Delta Fall Back to Before the Price Rise

China Cement Network Market Data Center. Cement prices in Anhui, Jiangsu, Zhejiang and other provinces have fallen back to the level before the price increase.

Specifically:

Jiangsu: At the end of September, major enterprises in Nanjing took the lead in lowering the price of high-standard cement by 20 yuan/ton. Since October 11, it has been lowered by 10 yuan/ton again. At present, the market has fallen back to the level before the rise. In addition, the price of cement sold in Jiangsu market along the Yangtze River has also fallen back to the former cement. At present, the transaction prices of other markets in the province, such as Suzhou, Wuxi and Changzhou, have fallen by 10-30 yuan/ton in different ranges, and the market transaction prices are uneven.

Zhejiang: During the National Day holiday, market demand continued to weaken and inventory pressure rose. At the same time, affected by the lower prices in the peripheral market, the transaction prices of some enterprises in Hangjiahu, Shaoxing, Jinquli and Yongwentai have fallen by about 10-30 yuan/ton, and some large factories are still strong, but it is not excluded that there will be pressure for a comprehensive callback in the follow-up.

Anhui: In late September, cement prices in many markets in Anhui were generally notified to raise cement prices by about 20-30 yuan/ton. According to the current market feedback, demand is low, enterprise shipments are weak, inventory has risen to about 6-7%, and some enterprises in the region have failed to keep pace with the rise. From the end of September to the beginning of October, cement prices in various parts of the province have been loosened and adjusted back, and now they have basically fallen back to the level before the rise, and the overall market has maintained a weak and stable operation.

In addition, according to the big data of China Cement Network, the shipment rate of Jiangsu, Zhejiang and Anhui provinces is basically the same as that of the same period last year, while that of Anhui and Jiangsu is more than 5 percentage points lower than that of last year. In terms of storage capacity, Jiangsu increased by 10 percentage points, Zhejiang increased by 2.5 percentage points and Anhui increased by 10 percentage points.