According to the commodity market analysis system of SunSirs, cement in East China has recently experienced a weak decline. The price on February 1st was 324.00 RMB/ton, and on February 27th it was 318.00 RMB/ton, a decrease of 1.85%. The current price has dropped by 19.29% year-on-year.

Recently, cement prices have declined in some areas of East China. From the above chart, it can be seen that the cement market has been mainly fluctuating and declining in the past three months, with prices continuing to decline slightly this month. After the Spring Festival, the temperature in the East China region is relatively low, and the resumption of construction sites is slow. Although there is a boost from infrastructure, demand is still sluggish, and the cement market is weak and declining.

Recently, the price of thermal coal has been on the rise, and coal mines have resumed production after the Spring Festival. Most coal mines in the Ordos region of Inner Mongolia have maintained normal production and sales, with long-term cooperative shipping being the main focus. Recently, due to rainy and snowy weather, transportation is not smooth, and overall transportation is average. However, some coal mines have sold well, resulting in price increases. However, downstream procurement is still mainly based on demand, which generally supports coal prices.

In January 2024, among 70 large and medium-sized cities, the number of cities with a month on month decline in the sales price of commodity housing decreased, and the overall month on month decline in the sales price of commodity housing narrowed, continuing the downward trend year-on-year. In January, the sales price of newly-built commercial residential properties in first tier cities decreased by 0.3% month on month, which narrowed by 0.1 percentage points compared to the previous month. In recent years, real estate investment has gradually declined, and infrastructure demand is difficult to hedge against the impact of the real estate downturn. The support for the cement market is weak.

According to the estimation of SunSirs, infrastructure construction is gradually starting, and the cement market continues to be at a low level with significant upward potential. 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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