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SunSirs: Building Material, Sluggish demand; Cement Price in East China Declines
February 19 2020 09:52:51SunSirs(Selena)

Price Trend

According to the monitoring of SunSirs, the construction site is returning to work in succession in the near future, but in East China, most of the construction sites and mixing plants are still not fully started, the cement market demand is still at a low level, and the cement price is falling. On February 14, the price of cement in East China was 540.20 RMB/ ton, and on February 18, the price was 521.80 RMB/ ton, a decrease of 3.41%. The current price is 5.93% higher than last year.

Market Analysis

Products:

After entering January, the off-season is coming, the demand for cement has declined, and the price has started to fall. After the Spring Festival, the construction site is back to work late, and the price has further declined.

In Jiangsu Province, affected by the epidemic of COVID-19, many construction sites and mixing plants have not yet returned to work. On February 12, major enterprises in Nantong, Jiangsu Province notified the cement price to be lowered, with a drop of 50 RMB/ ton. On February 17, major enterprises in Nanjing, Zhenjiang and other regions in Jiangsu Province notified the price of low-grade cement to be lowered, with a drop of 45 RMB/ ton.

In Zhejiang Province, most of the cement enterprises have resumed work, but the construction site has not been fully started yet, and they are in a state of continuous resumption. The market demand is low. On February 17, the major enterprises in Hangzhou, Jiaxing, Ningbo and Zhoushan areas in Zhejiang Province notified the cement price to be lowered, with a drop of 60 RMB/ ton.

In Anhui Province, on February 11, major enterprises in Xuancheng region notified the cement price to be lowered, with a drop of 60 RMB/ ton.

In Shandong Province, on February 10, major enterprises in Jining and other regions in Shandong Province notified the cement price to be lowered, with a drop of 30-60 RMB/ ton.

In Shanghai, on February 11, major enterprises notified the cement price to be lowered, with a drop of 70 RMB/ ton.

Previously, the cement market price in most areas of East China has declined. Due to the impact of COVID-19, the resumption of the construction site and mixing plant is late, and the demand for cement is low, and the prices of manufacturers around the country continue to decline.

Industry chain: upstream: the domestic coke market is in stable operation as a whole, and the market holds a wait-and-see attitude towards the new round of increase after the year. Due to the epidemic of COVID-19 and limited transportation, the overall construction of domestic coke enterprises has declined, the shipment is not smooth, the inventory has gradually accumulated, and the coke inventory of downstream steel plants has been reduced daily, but the start-up of the terminal market has not yet recovered, and the steel stock is accumulated. At present, the purchase of coke is just by need. In terms of the main port, the number of inbound traders increased, but the overall trading was still flat. Downstream: from January to November 2019, China's real estate development investment reached 12126.5 billion RMB, up 10.2% year on year, 0.1 % lower than that from January to October 2019.

Market Forecast

According to the prediction of SunSirs, as the market and the construction site start in succession, the cement market demand rises, but the initial inventory needs time to digest, the cement product analysts of SunSirs believe that in a short time, the cement market is mainly stable.

 

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