Concrete Weekly Report: Commercial Concrete Market in Northwest China Continues to Be Weak (5.6 ~ 5.9)

This week, the concrete market in Northwest China continued to be weak, cement prices were dragged down by overcapacity and low demand, and the cost of commercial mixing was insufficient. Downstream infrastructure projects are advancing slowly, demand for housing construction is shrinking significantly, and the average daily shipments of mixing stations in Shaanxi, Gansu and other places are less than 50% of the normal. Competition in core markets such as Xi'an and Lanzhou has intensified, and inventory pressure in Ningxia and Xinjiang is still controllable, but the contradiction between supply and demand continues to highlight, the short-term market is still in a weak position, and the momentum for recovery is insufficient.