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SunSirs: Affected by High Temperature and Rain, Cement Market in East China Fell
July 28 2020 10:19:25SunSirs(Selena)

According to the monitoring of SunSirs, recently, the cement market demand has weakened, and the cement price has shown a downward trend. On July 1, the cement price in East China was 444.20 RMB/ ton, while on July 24, it was 413.80 RMB/ ton, with a decrease of 6.90%. The current price fell by 7.88% month on month, and the current price dropped by 9.85% compared with last year.

Since July, the Meiyu season came, the cement market demand is low, the inventory is generally high, and the cement price is in the downward channel.

In terms of regions, Jiangsu has more rainfall weather and is affected by the drop of cement prices in surrounding areas. On July 21, major enterprises in Zhenjiang, Nanjing and other regions in Jiangsu Province announced that the price of landmark cement would be lowered by 20 RMB/ ton. High standard cement is stable temporarily.

In Zhejiang Province, rainy weather prevailed, and the overall inventory was on the high side. From July 4 to 6, the prices of various types of cement from major manufacturers in Quzhou, Jinhua and Lishui in Zhejiang Province dropped by 20-30 RMB/ ton. On July 4, the prices of various types of cement from major manufacturers in Hangzhou and Shaoxing, Zhejiang Province, fell by 20 RMB/ ton.

In Anhui Province, affected by heavy rain weather on July 20, cement prices fell. Around July 21, major enterprises in Chizhou, Wuhu and other regions in Anhui Province informed the price of various types of cement to be lowered, with a drop of 15-30 RMB/ ton.

In Fujian Province, there was rainy weather and poor market demand in Fuzhou on July 11. The main enterprises in Sanming and other regions have announced that the cement price will be reduced by 10-20 RMB/ ton.

In Shanghai, off-season affected by Meiyu weather, the market demand declined. On July 9, the main enterprises in Shanghai informed that the prices of various types of cement would be reduced by 10-20 RMB/ ton.

Recently, affected by high temperature and heavy rainfall, the market demand in all parts of the country, especially in the Yangtze River Delta region, has declined significantly. As a result, the market demand has continued to shrink, the cement inventory has risen sharply, the manufacturers' shipment volume has declined, and the sales volume of many places has been poor recently. In order to move goods, the manufacturers have taken the initiative to reduce the cement price, and the cement market is in the downward channel.

Recently, the price of upstream coke is weak, and the third round of increase and decrease has been gradually implemented, and the start-up of enterprises is relatively stable. In terms of ports, most traders are more cautious, and the trading is relatively cold. Most of the downstream steel mills mainly purchase on demand and the short-term price of coke declines slightly.

Downstream: from January to June, the national real estate development investment reached 6,278 billion RMB, up 1.9% year on year, and decreased by 0.3% from January to May. Among them, residential investment was 4,635 billion RMB, an increase of 2.6%, 2.6 percentage points higher than that of January may. From January to June, the housing construction area of real estate development enterprises was 7,927.21 million ㎡, with a year-on-year increase of 2.6%, 0.3 percentage points higher than that of January to May.

According to the forecast of SunSirs, the recent heavy rain and rainstorm weather is frequent, and the high temperature is also continuing, which is not conducive to the infrastructure construction and construction site commencement. The cement market in July is in the traditional off-season, the cement demand continues to shrink, and the cement manufacturers' shipment is not smooth. Therefore, the cement product analysts of SunSirs believe that in a short period of time, the cement market is mainly down.

 

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