According to the monitoring of SunSirs, the cement market in East China rose in December. The price at the beginning of the month was 407.00 RMB/ton, and the price at the end of the month was 391.00 RMB/ton, down 3.93%. The current price fell 32.00% year on year.
In December, cement prices in some parts of East China fell in shock. It can be seen from the above figure that the cement market has been mainly in shock consolidation in recent two months, and the market has started to fall this month. From January to November 2022, the cement output was 1,950.10 million tons, down 10.8% year on year. The cement output in November was 191.72 million tons, down 4.7% year on year. The month on month decline of 5.9% was worse than that of last year. The contradiction between overcapacity and lack of motivation for cement growth led to market volatility and consolidation.
In December 2022, the coke market will rise for three rounds. The price of quasi primary metallurgical coke in Shanxi will be 2,400 RMB/ton, and 2,682 RMB/ton at the beginning of the month, with a monthly increase of 11.75%. After entering December, the fourth round of increase in the coke market has come to fruition, with a cumulative increase of four rounds, 400-440 RMB/ton. At present, the coking market is in a good mood, the coking operation rate has increased slightly, the coking enterprises have a good shipping situation, the enterprises are actively shipping, and the inventory in the plant is running at a low level. On the demand side, as the winter storage of the steel plant comes to an end, the overall coke inventory in the steel plant is still good, and the purchase speed of coke slows down significantly. The profitability of the steel plant is still poor, the demand for raw material procurement has resumed, and the demand for coke remains. In the future, SunSirs thinks that the overall sales of coke market is good, and the inventory is generally low. The steel plant still has just demand, and the coke price is expected to operate stably in the short term. In the future, it is necessary to focus on the price trend of finished products, the price trend of raw coking coal, and the coke inventory in all links.
Downstream funding problems remain, and demand recovery is poor. Specifically, the real estate investment margin has weakened again, and it is still bottoming out in the short term, with weak support for the cement market.
According to the prediction of the business society, the temperature in East China is declining towards the end of the year, the construction progress of most construction sites is slowing down, and the demand is significantly lower. Therefore, the cement product analysts of the business society believe that the cement market is mainly declining slightly in a short time.
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