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SunSirs: Cement Prices in East China fell in July
July 27 2023 14:42:42SunSirs(Selena)

According to the commodity market analysis system of SunSirs, the cement market in East China fell in July. The price at the beginning of the month was 342.00 RMB/ton, and the price at the end of the month was 331.00 RMB/ton, down 3.22%. The current price fell 13.58% year on year.

In July, cement prices in some parts of East China fluctuated and fell. From the above figure, it can be seen that the cement market has been declining in the past three months. This month continues to decline. Around July 4th, cement prices in Jiangsu, Wuxi, and other places decreased by 5-10 RMB/ton. Around July 5th, cement prices in areas such as Ma'anshan in Anhui Province decreased by 15 RMB/ton. Around July 10th, cement prices in Zhenjiang and other places in Jiangsu Province decreased by 10-15 RMB/ton. Around July 14th, cement prices in Zhoushan, Zhejiang, and other areas decreased by 10-20 RMB/ton. Recently, affected by high temperature, rainy weather and other factors in East China, the enterprise's shipment volume is low, and the inventory is higher. The market competition is fierce, and the cement market is constantly bottoming out.

According to the prediction of SunSirs, August is still a hot off-season, and cement enterprise inventory may further increase, while short-term demand is difficult to significantly improve. Therefore, cement product analysts from SunSirs believe that in the short term, the cement market will mainly experience a slight decline.

 

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