On June 20, the National Concrete Price Index (CEMPI) closed at 98.82 points, down 0.09% annually and 16.36% year-on-year.
This week, the national concrete market continued to operate in a weak position. Affected by heavy rainfall and high temperature weather, the construction progress slowed down and the demand continued to be depressed in the south; while the price was stable and weak in the north due to the shortage of funds and the slow progress of the project. The prices of raw materials such as cement and sand at the cost side generally declined, further weakening the price support of commercial mixing, and the market as a whole showed a pattern of "weak volume and price".
Northeast China: The concrete raw material market in Northeast China is divided, and the effect of price adjustment is different
. The concrete market in Northeast China is stable. After the price of cement was pushed up, the actual implementation was uneven. Due to the stable price of clinker and insufficient demand, the grinding station generally did not keep up with the rise, and the concrete cost side showed the characteristics of "nominal rise, actual loosening", coupled with the slow progress of infrastructure projects and insufficient funds for housing construction, the market demand continued to be weak, and the shipment volume of the mixing station was not high. In the short term, concrete prices may remain weak before demand improves substantially.
Northwest China: The price of the concrete market in the northwest region is under pressure
. This week, the concrete market in the northwest region is under pressure as a whole, with significant regional differentiation characteristics. Shaanxi market price is relatively strong under the support of key projects; Ningxia region is affected by the low price of cement, and the price of commercial concrete has dropped to 250-290 yuan/m3, which has become a regional price depression. The markets in Gansu, Qinghai and Xinjiang remained stable. As a whole, the market competition in Northwest China has intensified significantly.
North China: The concrete market in North China is weak
. Beijing-Tianjin-Hebei region: The concrete market in Beijing-Tianjin-Hebei region continues to maintain a pattern of weak operation. Due to the support of key projects, the demand in Beijing market is relatively stable and the price of concrete is strong. In contrast, Tianjin and Hebei markets are constrained by capital, shipments remain at a low and medium level, and prices are mainly stable. Although the price of cement raw materials has been raised recently, the implementation is still unclear. In the short term, under the pattern of weak balance between supply and demand, the price of concrete may continue to be stable and weak.
Shanxi, Inner Mongolia: This week, Shanxi, Inner Mongolia concrete market continued weak operation. Affected by the decline in cement prices and weak demand in Shanxi, the actual transaction price declined slightly. Inner Mongolia market showed regional differentiation, prices in the eastern region were stable, while Hohhot market was affected by the transmission of low-price cement, prices declined slightly. Overall, the slowdown in the progress of infrastructure projects has led to a sustained downturn in the demand for concrete, and the cost support of superimposed cement has weakened, so the market will remain weak in the short term.
East China: Concrete in East China is stable and weak
. Jiangsu, Zhejiang and Shanghai: The concrete market in Jiangsu, Zhejiang and Shanghai has experienced price fluctuations under the influence of multiple factors. Despite attempts by cement companies to push up prices, weak demand and inventory pressures have led to a price correction, leading to a decline in concrete prices. In the short term, prices may remain weak, and if demand does not improve in July, prices may fall further.
Fujian: In the middle of June, the cement price in Fujian tried to push up 20 yuan/ton, but according to the current situation, only some enterprises in the southern Fujian market actually implemented a slight increase of 10-20 yuan/ton, while the rest of the market was temporarily stable. Driven by this, some commercial mixed enterprises in Xiamen, Zhangzhou, Quanpu and other places in southern Fujian followed up with a small increase of 2-3 yuan per square meter. However, the rainfall is in the majority, the market demand is weak, and whether the price can be maintained after pushing up remains to be tracked.
Jiangxi: This week, the overall price of concrete in Jiangxi is running smoothly, the market supply and demand performance is relatively flat, and the price has not been significantly adjusted. In terms of raw materials, the price of cement continued to be weak, but the downward transmission of the cost side to the concrete market was limited, the quotation of enterprises remained stable, and the market wait-and-see sentiment was strong. At present, the mainstream range of C30 non-pumping tax-inclusive price in Jiangxi area is still stable at around 260-280 yuan/m3. Affected by the slowdown of project progress in some areas, the transaction price is slightly loosened, but the overall fluctuation range is limited.
Anhui: This week, the concrete market in Anhui is weak, mainly affected by the falling price of raw cement, the pressure of production cost has eased, and the price of commercial concrete is under pressure. In some markets, due to the continued weakness of downstream demand, the extension of capital repayment cycle, the low level of enterprise shipments, the intensification of market competition and the increase of low-cost resources. At present, the price of cement and other raw materials shows a downward trend, and the inventory pressure in some regions is relatively high, the supply side is relatively loose, and it is expected that the Anhui concrete market will continue to adjust weakly in the short term.
Shandong: The concrete market in Shandong continued to operate in a weak position, with prices stable as a whole and slightly loose in some areas. Affected by the high temperature and rainy weather, the downstream construction progress slowed down, the market demand further contracted, and the average daily shipments of mixing stations decreased slightly compared with last week. At present, the market wait-and-see sentiment is strong, enterprises mainly digest existing inventory, and the increment of new orders is limited. In the short term, under the dual pressure of weak demand and downward cost, it is expected that the concrete market in Shandong will remain weak, and there may be room for price adjustment in a narrow range.
Zhongnan: The price of concrete in Zhongnan market is weakening in typhoon and rainy weather.
Guangdong and Guangxi: Recently, the price of cement and other raw materials in Guangdong and Guangxi is still declining, and the market prices in various regions have fallen disorderly. On the demand side, affected by the typhoon "Butterfly" and the continuous rainstorm weather, the construction site was suspended and the shipment volume of the mixing station was low. Concrete prices, the impact of typhoons, some regional mixing station enterprise shipments downturn, or even suspended, the week of enterprise price adjustment is of little significance. However, as the price of raw materials such as cement continues to fall, it is not excluded that the price of subsequent commercial mixing may fall.
Two lakes region: This week, the concrete market in Hunan and Hubei continued to be weak. Affected by the continuous high temperature and rainy weather and the shortage of funds, the downstream construction progress slowed down, and the overall shipment volume was slightly lower than last week. At present, the mainstream of C30 non-pumping tax-inclusive price in the two lakes area is maintained at about 260-290 yuan per square meter, and some market competition is fierce and the price is loose in a narrow range.
Southwest China: The concrete market in Southwest China is temporarily stable
. Sichuan and Chongqing: In Sichuan, the support of market demand is mainly due to the promotion of industrial and infrastructure projects, while the demand performance in the housing construction sector is relatively flat. With the arrival of high temperature weather, the market has entered the traditional off-season, and the pace of construction has slowed down, resulting in a small fluctuation in concrete shipments in the short term. At the same time, the price of raw materials continues to decline, which also makes the overall price of concrete stable and weak. In Chongqing, it is also in the traditional off-season, the market demand is stable, and the market as a whole is mainly stable.
Yunnan and Guizhou: The concrete market demand in Yunnan and Guizhou continues to be depressed, and the market activity is insufficient. This week, the overall market price remained weak and stable, and there was no significant fluctuation.
Market outlook forecast: affected by continuous heavy rainfall and high temperature weather, the construction progress has slowed down significantly, and the demand for superimposed housing construction continues to be depressed. It is expected that the national concrete price will continue to be weak next week (6.23 ~ 6.27).
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