Weekly Report of Cement Net: The 35th Week of Cement Price Index: Weak Demand and Pressure on Cost in Peak Season, Regional Differentiation of National Cement Market Continues to Intensify (9.15-9.19)

On September 19, the National Cement Price Index (CEMPI) closed at 102.82 points, up 0.62% annually and down 11.10% year-on-year. On September 19, the Yangtze River Basin Cement Price Index (YRCEMPI) closed at 91.77 points, up 0.54% from the previous month.

This week, the national cement market showed a pattern of "stable north and weak south, regional differentiation". North China, Beijing, Tianjin, Hebei, Central and South China raised 50 yuan/ton, but the demand did not rise, and the implementation was doubtful; the price of North Hebei returned to the previous rise, and the overall situation was weak. Northeast demand is weak, and the actual turnover is declining. Driven by the shutdown of kilns and the price increase of clinker in East China, Jiangsu, Zhejiang and Anhui, the price in some regions is increased by 20-30 yuan/ton, and the implementation remains to be observed; the price in Jiangxi is increased by 30-40 yuan/ton, and the implementation needs to be verified. Central and South China, Guangdong and Guangxi, although notified of the rise, but the implementation of fatigue, the two lakes continued to be weak; Henan demand is insufficient, prices are weak and stable. Affected by the rainfall, the demand of southwest Sichuan and Chongqing is weakened, and the price is stable; the demand of Yunnan and Guizhou is low, the implementation of Yunnan pushing up 90-100 yuan/ton is doubtful, and the implementation gap of Guizhou pushing up 50 yuan/ton is large. Northwest Shaanxi Guanzhong rose 70 yuan/ton in a positive mood, Gansu was hit by Ningxia's low price, and Xinjiang's infrastructure support demand was stable. The core contradiction of the market is still that the recovery of demand in the peak season is not as good as expected and the cost pressure game of enterprises, and the price push up depends on the substantial improvement of demand.

On September 19, the National Clinker Price Index (CLKPI) closed at 106.49 points, 2.42% higher than last week.

Figure 1: Trend of cement price index (point)

Figure 2: Trend of clinker price index (point)