According to the monitoring of SunSirs, most construction sites and mixing plants in East China have been resumed in succession in the near future, but due to the heavy rainy weather, the construction progress of the construction site is slow, the demand recovery still needs time, and the cement price continues to decline. On March 1, the price of cement in East China was 504.20 RMB/ ton, and on March 16, the price was 489.4.80 RMB/ ton, a decrease of 2.94%. The current price is 6.81% higher than last year.

Market Analysis

Products:

After the middle of March, the demand improved little and the cement price slowly declined.

In Jiangsu Province, part of the construction sites and mixing plants are gradually back to work, but the market demand is insufficient. Around March 12, major enterprises in Jiangsu region once again notified the cement price to be lowered, with a drop of 40 RMB/ ton.

In Zhejiang, most cement enterprises have resumed work, but due to the influence of rainy weather, the market demand is low. On March 6-8, major enterprises in Northern Zhejiang and central and southern Zhejiang notified the cement price to be lowered, with a drop of 30-40 RMB/ ton.

In Anhui Province, the construction site and mixing plant have been resumed in succession, but the construction progress is slow and the market demand is low. On March 10, major enterprises in Huaibei, Suzhou and other regions in Anhui Province notified the cement 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 Province, there are many rainy days and the cement sales volume is light. On March 10, major enterprises in Fuzhou and Ningde of Fujian Province 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.

Industry chain: upstream: previously, the price of domestic coke market has declined. In terms of supply, the operating rate of Shanxi, the main production area, is relatively high, and the market supply is sufficient, but the recent delivery of coking enterprises is general. Downstream: from January to February, the national real estate development investment was 1,011.5 billion RMB, down 16.3% year on year. Among them, the residential investment was 731.8 billion RMB, down 16.0%. According to the data released by the National Bureau of statistics on March 16, from January to February, China's real estate development investment reached 101.5 billion RMB, down 16.3% year on year.

Market Forecast

According to the prediction of SunSirs, there will be rain in East China in the near future. Although the mixing plant and construction site are resumed in succession, the cement demand is still limited, and the cement price is slowly declining. With the weather turns better in the later period, the cement price may rise again. 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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