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SunSirs: Cement Price in East China Showed an Apward Trend in May
June 04 2020 10:42:25SunSirs(Selena)

Since May, the cement demand is good, and the inventory is generally low. Generally speaking, the cement price is in the upward channel.

In terms of regions, in Jiangsu Province, the factory's delivery is higher. On May 8-9, major enterprises in Suzhou, Changzhou and other regions in Jiangsu Province notified that the price of landmark cement was increased by 20-30 RMB/ ton. On May 11, major enterprises in Nantong, Yangzhou, Taizhou and other regions in Jiangsu Province notified the price of cement to be increased by 20 RMB/ ton. 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 10, some grinding enterprises in Hefei, Anhui Province announced that the price of low-grade cement was increased by 20 RMB/ ton. 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. On May 7-9, the main enterprises in Jining region of Shandong Province notified the price of high-grade cement to be increased, with an increase of 30 RMB/ ton. On May 23-24, major enterprises in Anqing, Anhui Province, notified the price of cement to be increased by 20 RMB/ ton.

In Shandong Province, the market demand improved. From May 7 to 9, 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 2, some enterprises in Shanghai notified that the price of high-grade cement was increased by 20 RMB/ ton. On May 22, major enterprises in Shanghai notified the price of high-grade cement to be increased by 15 RMB/ ton.

At the beginning of May, all regions were accelerating the construction of major projects. At the end of April, the backlog of cement demand was released in the early stage, and the cement inventory was basically digested. Later, the government issued a series of measures to boost the domestic economy, increase infrastructure investment, the cement demand continueed to improve, and the cement inventory digestion was relatively ideal. In recent days, the weather in some regions was good, in order to improve profits, and the cement market has been in the upward channel.

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 May. 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 had limited production by about 30-50%, and the rest were planning to limit production, which had a certain impact on the later supply. In Shanxi Province, except Yuncheng and Xiaoyi areas, which were affected by limited production and environmental protection, the supply declined. In other areas, the start-up was temporarily stable, the sales were good, and the inventory was low, which supported 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% lower than that from January to February.

Market Forecast

According to the prediction of SunSirs, the recent government report of the two sessions proposed to increase the national railway construction capital by 100 billion RMB, which is inevitable to promote the development of infrastructure and promote the upward trend of cement market. Therefore, the cement product analysts of SunSirs believe that in a short period of time, the cement market is mainly rising.

 

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