According to the commodity market analysis system of SunSirs, cement in East China has recently experienced a weak decline, with prices at 310.00 RMB/ton at the beginning of the week and 308.00 RMB/ton at the weekend, a decrease of 0.65% and a month on month decrease of 4.94%. The current price has dropped by 21.83% year-on-year.
Recently, cement in some areas of East China has been fluctuating and consolidating. From the above chart, it can be seen that the cement market has been mainly fluctuating and declining in the past three months, with slight price fluctuations this week. At the beginning of March, there were more cloudy and rainy weather in East China, and construction sites and mixing plants were not operating well. The recovery of market demand was slow, and cement manufacturers faced greater shipping pressure. The cement market was weak and consolidating.
Coal prices have fluctuated and consolidated this week. In terms of origin, the implementation of long-term cooperative shipping is the main focus, while the overall market consolidation is the main focus. In terms of downstream ports, the price of thermal coal is consolidating and operating. Power plants tend to adopt a wait-and-see attitude and purchase according to demand. Entering March, the upstream coal mines mainly focus on safety production, and there may be expectations of tightening coal supply. However, the overall supply is currently relatively loose. In the later stage, as the temperature gradually rises, the demand for electricity coal consumption may be average, and the demand for non electricity industry replenishment will be released in stages. It is expected that the price of thermal coal will still remain stable, depending on the downstream market demand.
In February, the performance of the top 100 real estate companies decreased by 21% month on month and 60% year-on-year, and the monthly performance scale continued to reach a new low in recent years. From the cumulative performance of the year, the year-on-year decline has expanded by nearly 15 percentage points compared to January to 48.8%, and the decline continues to expand. 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 forecast of SunSirs, with the warming weather and the construction of mixing plants on construction sites, cement demand is gradually recovering. Therefore, cement product analysts from SunSirs believe that the cement market will mainly experience a slight increase in the short term.
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