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SunSirs: Building Material, Cement Prices Fell in East China
March 11 2020 10:47:05SunSirs(Selena)

Price Trend

According to the monitoring of SunSirs, in early March, most construction sites and mixing plants in East China have been resumed in succession, but the demand of the construction market is still recovering slowly. The demand of cement market is at a low level, and the price of cement shows a downward trend. The price of cement in East China on January 1 was 504.20 RMB/ ton, and on March 9 it was 500.80 RMB/ ton, a decrease of 0.67%. The current price is 8.07% higher than last year.

Market Analysis

Products:

Since February, the recovery of construction sites has been slow, the demand for cement has been at a low level, and the price of cement has continued to fall. In March, demand has not improved much, and prices are still falling slowly.

In Jiangsu Province, part of the construction sites and mixing plants are gradually back to work, with limited market demand recovery. On February 26, major enterprises in Nanjing, Zhenjiang and other regions in Jiangsu province again notified the price of high-grade cement to be lowered, with a drop of 40 RMB/ ton.

In Zhejiang Province, most of the cement enterprises have resumed work, but the construction site has not been fully started, which is in a state of continuous resumption, with low market demand. On March 6, major enterprises in Jiaxing, Zhejiang Province, notified the cement clinker price to be lowered, with a drop of 30 RMB/ ton.

In Shandong Province, there is less market demand. At the beginning of March, major enterprises in Jining, Jinan, Zibo and other regions in Shandong Province notified the cement price to be lowered, with a drop of 20-30 RMB/ ton.

In Fujian, most of the construction sites and mixing plants were not started, and the sales volume was light. In early March, major enterprises in Fujian notified the cement price to be lowered, with a drop of 20-30 RMB/ ton.

In Shanghai, the market demand is poor. In early March, major enterprises in Shanghai notified the cement price to be lowered, with a drop of 50 RMB/ ton.

At the beginning of March, the price of cement market in most parts of East China fell, and cement enterprises returned to work continusly. The situation of returning to work was relatively ideal. However, the construction site and mixing plant started late, the demand for cement remained at a low level, the actual transaction was light, and the price of cement declined slowly.

Industrial chain: in the near future, the logistics and transportation industry has recovered, the supply of raw materials for coke enterprises has been supplemented to some extent, the limited production of enterprises has eased a little, the supply of coke market is gradually recovering, the limited production of downstream steel plants continues, some enterprises have rigid demand for coke purchase, and the overall trade and investment of the industry is weak. At present, the domestic coke market is still stable.

Market Forecast

According to the prediction of SunSirs, the mixing plant and construction site will resume work in succession in the near future, the cement demand is expected to improve, and the decline of cement price has slowed down. Therefore, the cement product analysts of SunSirs believe that the cement market is mainly stable in a short period of time.

 

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