Weekly Report of Cement Net: Weak Demand and Price Pressure, Weak and Stable Pattern Difficult to Change in the Short Term (5.11-5.15)

On May 15, the National Concrete Price Index (CEMPI) closed at 89.9 points, up 0.04% annually and down 9.91% year-on-year.

This week, the national concrete market continued the weak operation pattern of weak demand and price pressure, with significant regional differentiation. Northwest China maintained overall stability, prices in Shaanxi and Gansu were slightly loose, and prices in southern Xinjiang rose slightly due to infrastructure construction. In North China, the demand gap in Beijing, Tianjin and Hebei was prominent, prices were under pressure, and prices in Shanxi rose slightly, but the momentum was insufficient. In East China, due to the slow resumption of work and the interference of rain, the demand release was less than expected, and many places were weak consolidation and sales promotion; Central and southern China was weak as a whole, Guangdong and Guangxi had prices but no market, and the demand of Hunan, Hubei and Henan was limited. Southwest Hainan had strong performance due to high costs and infrastructure support, while Sichuan, Chongqing, Yunnan and Guizhou were dragged down by rainy weather, and prices were weak and stable. On the whole, the recovery of terminal demand is generally lower than expected, the cost support is weakening, the market competition is intensifying, and the short-term market is difficult to improve significantly.