Cement Net Report: Operation Analysis of Cement Market in the First Three Quarters of 2025 and Outlook for the Fourth Quarter

the first three quarters of 2025, affected by the deep decline in real estate investment and the continuous slowdown in infrastructure investment, the demand for cement continued to decline, the contradiction between supply and demand further increased, coupled with fierce market competition and poor synergy, the overall price of cement fluctuated and declined, but thanks to the decline in coal costs, the industry profits were significantly restored. Looking forward to the fourth quarter, we believe that cement demand has improved slightly compared with the third quarter, but the year-on-year decline continues to expand, and it is expected that there will be limited room for cement prices to rise. Throughout the year, the demand for cement will face greater downward pressure, but the benefits of the industry will be restored to a certain extent.