According to the Commodity Market Analysis System of SunSirs, the cement market in East China fell in August, with a price of 331.00 RMB/ton at the beginning of the month and 323.00 RMB/ton at the end of the month, a decrease of 2.42%. The current price has decreased by 17.18% compared to last year.
In August, cement prices in some parts of East China fluctuated and fell. The cement market has declined in the past three months. This month continues to decline. Around August 1st, cement prices in Yangzhou, Nantong, Taizhou, and Suzhou Wuxi Changzhou in Jiangsu Province decreased by 10-15 RMB/ton. Around August 10th, cement prices in Anqing, Jiangsu and other areas such as Suzhou Wuxi Changzhou decreased by 10-15 RMB/ton. In August, due to factors such as high temperatures and rainy weather, demand in the East China region was poor, and the market trading atmosphere was cold. Enterprise shipments were sluggish, and the cement market continued to hit a bottom.
The price of steam coal in August was relatively weak. In terms of origin, coal mines maintain normal production, and the market mainly focuses on shipping long-term coal. In terms of downstream ports, due to recent weather conditions, there is a strong willingness to lower prices upstream, while lower prices are more common. Downstream procurement is mainly based on demand, with average market transactions. The peak season is approaching its end, and the demand for non electric enterprises is limited. It is expected that the price of thermal coal will mainly fluctuate in a narrow range in the later stage, depending on the downstream market demand.
Downstream: From January to July, the sales area of commercial housing was 665.63 million square meters, a year-on-year decrease of 6.5%, an increase of 1.2 percentage points compared to January to June. The cumulative growth rate has been declining for three consecutive months, with a slight slowdown. The sales revenue of commercial housing is 7,045 billion RMB, with a cumulative negative rate of -1.5% for the first time since March, a decrease of 2.6 percentage points compared to January June. Only residential sales can maintain a positive growth, with a cumulative increase of 0.7% in the first seven months. The sluggish real estate industry has limited support for the cement market.
According to the prediction of SunSirs, the market demand in East China has not improved at present, but prices in many areas have fallen to low levels. Some areas have been affected by staggered peak kiln shutdowns, driving a tentative increase in clinker. Therefore, cement product analysts from SunSirs believe that in the short term, the cement market will mainly experience a slight increase.
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