Weekly Report on Concrete: Weak Supply and Demand in National Concrete Market Continues, Regional Differentiation Price Is Under Pressure (10.27-10.31)

On October 31, the National Concrete Price Index (CEMPI) closed at 91.04 points, down 0.01% annually and 18.8% year-on-year. The overall performance of the

national concrete market this week is weak in both supply and demand, and prices are generally under pressure. Northeast and Northwest China have entered the seasonal off-season, and the sudden drop in temperature has led to large-scale shutdown of projects, shrinking demand and insufficient price support. Shipment volume in North China market is declining, and prices are weak and stable. Most market quotations in East China are low and stable, although the cost of cement in Fujian has risen, but the terminal demand is sluggish, the willingness of concrete enterprises to raise prices is difficult to fall to the ground. Demand in central and southern China is generally poor, prices in Guangdong, Guangxi and Hunan are weak and stable, while Henan is facing downward pressure due to falling cement prices and shrinking demand. The southwest market is stable as a whole, while the transmission of cost increase in Sichuan and Chongqing is limited, while Yunnan and Guizhou continue to be plagued by low demand.