1  Price Trend

According to the monitoring of SunSirs, after entering January, the weather turned cold. At the beginning of January, the cement price in East China was consolidated. Recently, the cement market demand fell and the cement price fell. On January 12, the price of cement in East China was 547.60 RMB/ ton, and on January 14, the price was 544.60 RMB/ ton, a decrease of 0.55%. The current price is 8.49% higher than last year.

2  Market Analysis

Products:

Since January, the cement market has ushered in the off-season, the cement demand has declined, and the price has continued to consolidate.

In Jiangsu Province, due to the impact of rain and snow, many work stoppages have taken place. On January 9-11, major enterprises in Nanjing, Yangzhou, Nantong, Yancheng and other regions in Jiangsu Province notified the cement price to be lowered, with a drop of 20-30 RMB/ ton.

In Zhejiang Province, the market demand is declining. On January 10, major enterprises in the Yangtze River Delta notified the cement clinker price to be lowered, with a drop of 80 RMB/ ton.

In Anhui Province, the temperature has dropped recently and there are many rainy and snowy days. From January 8 to 10, major enterprises in Huainan and Huaibei regions notified the cement price to be lowered, with a drop of 20-30 RMB/ ton.

In Fujian Province, the Spring Festival is approaching and the demand is declining. Since January 8, major enterprises in Fuzhou, Sanming and other regions in Fujian Province have notified the cement price to be lowered, with a drop of 30 RMB/ ton.

In Shanghai, the market demand declined. On January 10-11, major enterprises in Shanghai notified the cement price to be lowered, with a drop of 30 RMB/ ton.

Previously, the cement market price in most areas of East China has declined. The Spring Festival is coming, the temperature is falling, the rainy and snowy weather is frequent, the construction site is shut down, the cement demand continues to decline, and the quotations of manufacturers all over the country have dropped.

Industry chain: upstream: before the Spring Festival, the domestic coke enterprises started relatively smoothly, with sufficient orders and low inventory. Due to the impact of recent rainy and snowy weather, domestic logistics and transportation have some difficulties, freight has increased significantly, the cost of coke to the plant has increased, and downstream, the coke inventory of the steel plant is at a medium level. In addition, due to factors such as stock up before the year, the demand is acceptable. Downstream: from January to November 2019, China's real estate development investment reached 12,126.5 billion RMB, up 10.2% year on year, 0.1 percentage point lower than that from January to October.

3  Market Forecast

According to the prediction of SunSirs, with the approaching of the annual festival, the construction site will be shut down substantially, and the cement market demand will decline. Therefore, the cement product analysts of SunSirs believe that in a short time, the cement market will mainly fall.

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