In May, construction conditions in most parts of the country improved with the improvement of the season, but the lag of capital repayment, the downturn of the real estate market and adverse weather conditions limited the recovery of downstream demand, which was weaker than expected. Demand is limited due to the shutdown of continuous rainfall in many places in the south, and the support of infrastructure projects in the north is limited. The daily shipments of most mixing stations are usually maintained at 4-6% of the normal level. On the cost side, the prices of raw materials such as cement and mineral powder in the upstream continue to decline, resulting in a significant weakening of cost support. Overall, the national concrete market maintained a "weak volume and price" pattern in May, and the fatigue of demand recovery and the collapse of cost support jointly led to the downward shift of price focus. At the end of the month, although there is a signal of cement pushing up, under the rainy season and financial difficulties, the substantial rebound momentum of commercial mixed prices is insufficient.
By the end of May, the National Concrete Price Index (CONCPI) closed at 99.35 points, down 0.99% from the end of April and 16.20% from the same period last year.
Figure 1: Operation of
浙公网安备33010802003254号