Prices ushered in the year's low, Shandong cement market will rebound at the bottom.

April 2026, the cement output of Shandong was 26.607 million tons, with a year-on-year decrease of about 10 percentage points, higher than national average of 8.6%. The cement output of individual enterprises in Shandong decreased by more than 15 percentage points, and the contradiction between supply and demand was more prominent. On

the supply side, local enterprises said that the utilization rate of cement clinker production capacity in Shandong Province has dropped to about 50%. The total production capacity of the two leading enterprises , Zhonglian Cement and Shanshui Cement, is sufficient to meet the cement demand of the whole province; conversely, if the two enterprises completely stop production, the total production capacity of other enterprises in the province can also cover the market demand. Affected

by the aggravation of the contradiction between supply and demand, the market behavior of an internal enterprise deviates from that of most enterprises in the industry, and the impact of external cement is serious. Since this year, the downward pressure on Shandong cement market prices has increased, prices have fallen to a low point in the year, and many enterprises are in a loss state. On the

demand side, some objective situations on the market side this year have also intensified the pressure on the demand side. On the one hand, the number of traditional projects has decreased significantly compared with previous years, the rate of funds in place is low, and a large number of projects can not be started on schedule. On the other hand, since October last year, the rainfall in Shandong and the areas north of the Yangtze River has been significantly on the high side, and the construction conditions have deteriorated in the peak season. Thirdly, local government finance is tight, special debt funds are mainly used to resolve stock debt, and the proportion of real inflow projects is not high. Finally, the real estate market demand has been basically saturated, and there is limited room for urban construction and urbanization in Shandong. Weak

demand and low price competition of social grinding stations make it more difficult to stabilize prices.

The above-mentioned enterprises said that the recent significant rise in coal prices, coupled with low market prices, business pressure is great, the recent price is expected to usher in a callback.