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SunSirs: Good Demand, Cement Price Rises in East China
May 27 2020 16:01:56SunSirs(Selena)

According to the monitoring of SunSirs, previously, the cement manufacturers have delivered well, the inventory has declined rapidly, the cement market demand is good, and the cement price continues to rise. On May 22, the cement price in East China was 474.00 RMB/ ton, and on May 26, it was 478.60 RMB/ ton, an increase of 0.97%. The current price fell 1.56% year on year.

Market Analysis

Products:

Since May, the cement demand was good, the inventory was generally low, and the cement price continued to rise.

In terms of regions, in Jiangsu Province, the factory's delivery is higher. On May 23, major enterprises in Suzhou, Wuxi and other regions in Jiangsu Province notified the price of high-grade cement to be increased by 30 RMB/ ton.

In Zhejiang Province, the inventory is low. On May 23, major enterprises in Hangzhou, Shaoxing and other regions in Zhejiang Province notified the price of cement to be increased by 20 RMB/ ton.

In Anhui Province, the market demand is good. From May 23 to 24, major enterprises in Anqing region of Anhui Province notified that the cement price was increased by 20 RMB/ ton.

In Shandong Province, the market demand improved. The main enterprises in Jining region of Shandong Province notified the price of high-grade cement to be increased by 30 RMB/ ton.

In Shanghai, driven by the rise of cement prices in the surrounding Jiangsu and Zhejiang regions, on May 22, major enterprises in Shanghai notified that the price of high-grade cement was increased by 15 RMB/ ton.

In May, the government has issued a series of measures to boost the domestic economy, increase infrastructure investment, cement demand continues to improve, and cement inventory digestion is relatively ideal. In recent days, the weather is sunny in some areas, cement demand is improving, and the delivery rate of cement enterprises is improving. In order to improve profits, cement prices continue to rise.

Upstream: Rizhao Iron and steel raised the purchase price by 50 RMB/ ton again on May 19, which opened the second round of price increase in this month. In addition to the reduction of coke enterprises in Shandong and Shanxi due to their own factors, the profits of coke enterprises in other regions were fair and the operating rate was positive. Affected by the pressure relief task, most coke enterprises in Shandong Province have limited production by about 30-50%, and the rest are planning to limit production, which has a certain impact on the later supply. In Shanxi Province, except Yuncheng and Xiaoyi areas, which are affected by limited production and environmental protection, the supply has declined. In other areas, the start-up is temporarily stable, the sales are good, and the inventory is low, which support cement price. Downstream: from January to March, the national real estate development investment was 2,196.3 billion RMB, down 7.7% year-on-year, 8.6 percentage points lower than that from January to February.

Market Forecast

According to the prediction of SunSirs, the cement price in East China is in the upward trend in the near future. The weather is fine, which is good for the construction, and the inventory declines rapidly. With the later infrastructure improvement, the cement demand will further increase. Therefore, the cement product analysts of SunSirs believe that in a short time, the cement market will mainly increase.

 

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