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SunSirs: Cement Prices in East China Rose and Fell in May
June 01 2021 14:48:08SunSirs(Selena)

According to the monitoring of SunSirs, recently, the cement market in East China rose first and then fell in May. On May 1, the price was 522.40 RMB/ ton, the highest point was 524.60 RMB/ ton on May 10, and 523.60 RMB/ ton on May 28, with an increase of 0.23% in the month. The current price increased by 1.04% month on month, and the current price increased by 8.90% year on year.

In May, the demand is fair in the first ten days, and the cement market rises slightly. In the middle and last ten days, the weather conditions in East China are different, and some areas have rainy weather, so the cement demand declines, and the cement market shows a slight downward trend.

In recent years, the weather in East China is not good, the rain is continuous, the demand of cement downstream is declining seasonally, the manufacturer's shipment is decreasing, the inventory is rising compared with the previous period, and the market competition is gradually increasing. In order to improve the sales volume, some enterprises reduced the cement quotation, and the cement market continued to decline. In the coming June, the weather of high temperature and rain may increase, the demand will slowly weaken, and the cement market may further decline. However, peak shifting production is about to start in summer. The kilns in Zhejiang, Jiangsu and other places will be shut down for 15 to 20 days in summer. After the clinker inventory is digested to a certain extent, the supply and demand will be closely linked, and the cement market is expected to decline slightly.

Downstream: data from the National Bureau of statistics show that from January to April, the national real estate development investment was 4,024 billion RMB, an increase of 21.6% year on year; It is 17.6% higher than that from January to April in 2019, with an average growth of 8.4% in two years.

According to the prediction of SunSirs, under the influence of high temperature and rainy weather, East China will enter the cement off-season in June, and the demand may further decline. Therefore, SunSirs cement product analysts believe that in a short period of time, the cement market will mainly fall.

 

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