Concrete Weekly Report: Concrete Prices in East China Are Stable and Weak (6.23-6.27)

Jiangsu, Zhejiang and Shanghai: Recently, the concrete market in Jiangsu, Zhejiang and Shanghai continued the downward trend in the off-season, and cement prices generally fell below the level before the price increase in early June. Concrete cost support continued to collapse, superimposed Meiyu high temperature weather led to a decline in construction intensity, and the shipments of mixing stations generally shrank. In order to maintain cash flow, some enterprises have increased their efforts to benefit secretly. Under the background of deep fermentation in the traditional off-season, it is expected that the decline will be difficult to change in the short term. The follow-up trend needs to pay attention to the strength of demand repair and the price stabilization actions of leading enterprises after the end of the rainy season in early July, but the overall market is weak and stable.