Cement Weekly: Cement Price Index in the 33rd week, the national cement market was weak and stable under pressure, and the upward push of demand fatigue and cost was blocked (8.31-9.4)

On September 4, the National Cement Price Index (CEMPI) closed at 91.97 points, up 0.49% annually and down 9.89% year-on-year. On September 4, the Yangtze River Basin Cement Price Index (YRCEMPI) closed at 82.14 points, down 0.65% from the previous month.

This week, the national cement market as a whole is under pressure, weak and stable operation, demand continues to be weak, the rising cost of raw materials such as coal increases the pressure on enterprises, many plans to push up are doubtful, and the regional trend is obviously divided. In the northern region, the demand was generally fatigue, the price was under pressure at a low level, and there was a large uncertainty in the implementation of the price rise in some areas. In the southern region, due to typhoons, rainfall and capital constraints, the demand recovery was slow, and the price rise in most regions was stranded or given back, and the market was weak and stable. Specifically, in North China, the demand is weak, the rising cost squeezes the profit, the price pressure is weak and stable, and the price rises in some areas; in Northeast China, the demand is insufficient, the organization of kiln shutdown is difficult, the last round of price rise falls, and the prospect of a new round of push up is worrying; in Northwest China, most of the demand is stable, but the high inventory and flat demand restrict the effect, and the overall situation is weak; Affected by the typhoon and rainfall in East China, the demand rebound was limited, the superimposed kiln shutdown plan was not implemented, the Yangtze River Delta push up plan was stranded, the overall low consolidation; the demand in the central and southern regions was fatigue, the rise and fall were mixed, the implementation of the push up was not good, and the weak and stable pattern continued; the southwest region was divided, some market shocks were repaired, but the strength was limited, most of the weak operation, and the price increase was fatigue.

On September 4, the national clinker price index (CLKPI) closed at 96.45 points, down 0.10% from the previous month.

Figure 1: Trend of cement price index (point)

Figure 2: Trend of clinker price index (point)