In January, affected by the temperature and holidays, the construction in the northern region was completed, and the market activity declined; workers in the southern region returned home one after another, most of the construction sites and mixing stations were shut down, and the terminal demand was further weakened. Generally speaking, around the Spring Festival, the market demand dropped to freezing point, and the price of cement continued to decline. The national cement price index was 393.66 points at the beginning of
January and closed at 366.92 points at the end of the month, down 7.09% from the previous month and up 11.4% from the previous year. At the end of
January, the average price of P.O42.5 bulk cement in China was 366.92 yuan/ton, down 7.08% from the previous month and up 11.4% from the previous year. Prices in one province (city) rose this month, five provinces (cities) were flat, and prices in 25 provinces (cities) fell. Among them, Anhui has a larger decline, with a range of nearly 16%.
Table: Price change of P.O42.5 bulk cement in each province in January 2025 (yuan/ton)
Note: The above price is the price in place including tax. The actual transaction price shall prevail
Data source: Cement Big Data (https://data.ccement.com/)
National Market Outlook
in February In terms of demand, after the Spring Festival, it will take time for workers to return to work and downstream projects to start. After the Lantern Festival, it may improve , and the overall recovery of terminal demand is expected to be slow. On
the supply side, the northern region is still in the winter peak staggering stage, while many southern regions are carrying out independent burden reduction, and the supply side is expected to remain low.
To sum up, the cement market in February is affected by the Spring Festival, Glutinous Rice Balls for Lantern Festival and other factors, and it will take time for demand to recover. It is expected that the cement price will show a trend of first restraining, then rising and overall weakening.
