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SunSirs: Weak Consolidation of Cement Prices in East China
October 12 2023 10:00:57SunSirs(Selena)

According to the Commodity Market Analysis System of SunSirs, cement in East China has recently undergone a weak consolidation, with a price of 323.00 RMB/ton at the beginning of this week and 319.00 RMB/ton at the end of this week, a decrease of 1.24%. The current price has decreased by 20.65% compared to last year.

Recently, some areas in East China have seen weak consolidation of cement. The cement market has been mainly declining in the past three months, and this week's prices have been weak and consolidated. At the beginning of October, the demand in the East China market was lower than expected, and the shipment volume of enterprises was poor. They did not have a good understanding of the rise in the market last month, and the cement market in the East China region was mainly consolidating at a low level.

Recently, the price of steam coal has been relatively strong. In terms of origin, the coal mines in the production area maintain normal production, and the market mainly relies on long-term coal transportation, with stable coal supply. Currently, steam coal maintains a stable, moderate to strong operating trend. In terms of downstream ports, port prices have risen and the market is operating. Currently, traders are holding back and reluctant to sell, and market sentiment is good, leading to an increase in the price of thermal coal. The terminal power plant is actively removing inventory, and the inventory of the power plant is still available.

Downstream funding issues are still ongoing, and demand recovery is poor. Specifically, the marginal investment in real estate has weakened again and is still bottoming out in the short term, with weak support for the cement market.

According to the prediction of SunSirs, the demand side of cement is still weak in the near future, but there is a slow improvement trend compared to the previous month. In addition, many places have implemented staggered peak kiln shutdowns, which has alleviated the supply-demand contradiction. Therefore, cement product analysts from SunSirs believe that in the short term, the cement market situation will mainly rise slightly.

 

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