It is only 2.83 points away from the one-year high! The Fifth Round of Henan Cement Pushes up the Central Plains Index to Recover 300 Points

According to the big data of

China Cement Network, on October 22, the Central Plains Cement Price Index rose 2.06 points from the previous trading day, closing at 304.01 points, or 0.68%, ranking first in all regions of the country, about 13 times the increase of the national index (0.05%) in the same period. East China (0.34%) and the Yangtze River (0.05%) are obviously backward. In terms of

price, since October 14, driven by the high cost of raw materials such as coal and the repair profits of enterprises, leading enterprises in Henan have pushed up the fifth round since August to September, notifying an increase of 50 yuan/ton; On October 16, the average reference price of bulk in 16 cities of the province rose simultaneously, with 13 cities rising by 8.00% and Zhumadian, Nanyang and Luoyang rising by 7.00%. The fifth round pushed the Central Plains Index up 12.19 points from its October 15 low of 291.82, returning to the top of the 300-point mark.

At present, the Central Plains Index is only 2.83 points short of its one-year high (306.84 points on September 30). In the short term, coal cost support still exists, and the demand for rush work in the fourth quarter has improved marginally, but referring to the precedent of the last round of 20 yuan/ton notification, the actual landing range of 50 yuan/ton in this round may be narrowed, and the follow-up needs to track the cashing of transactions.