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SunSirs: Poor Demand, Cement Market in East China Falls

July 21 2020 11:05:39     SunSirs (Selena)

According to the monitoring of SunSirs, recently, the rainfall in many parts of the country has increased sharply, and the cement market demand has continued to shrink, and the cement price has continued to fall. On July 1, the cement price in East China was 444.20 RMB/ ton, and on July 17 it was 418.00 RMB/ ton, a decrease of 5.90%. The current price was down 9.13% month on month, and the current price was 9.17% lower than last year.

Since July, with the arrival of Meiyu season, the cement market demand is low and the inventory is generally at a high level. Recently, the rain weather has further increased, and the downstream demand for cement has decreased sharply, and the cement market has continued to decline.

By regions, In Jiangsu province, with the arrival of the Meiyu season, the cement market demand is low and the inventory is generally at a high level. Recently, the rainy weather has further increased, and the downstream demand for cement has decreased sharply, and the cement market has continued to decline.

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 rainy weather, around July 9, the main enterprises in Bozhou area of Anhui Province informed that the prices of various types of cement would be reduced by 30-40 RMB/ ton.

In Fujian Province, rainy weather plus poor market demand, on July 11, the main enterprises in Fuzhou, Sanming and other regions in Fujian Province announced that the cement price would be lowered, with a drop of 10-20 RMB/ ton.

In Shanghai, affected by the Meiyu off-season, 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.

According to the prediction of SunSirs, it is still in the period of frequent rain in the near future, which is not conducive to the construction site and cement transportation. The cement demand continues to be weak, the inventory is at a high level, and the enthusiasm of downstream customers to pick up the goods is poor. Therefore, the cement product analysts of SunSirs believe that in a short period of time, the cement market will mainly fall below.

 

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