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SunSirs: Low Inventory, Cement Price in East China is Rising surprisingly

September 23 2021 10:59:21     SunSirs (Selena)

According to the monitoring of SunSirs, on September 22, the cement price in East China was 601.00 RMB/ ton, up 2.85% last weekend, the current price rose 29.47% month on month, and the current price rose 29.08% year-on-year.

Recently, the cement market has soared, limited power production and tight cement supply. Major manufacturers have raised their quotations one after another, with a general increase of 80-100 RMB/ ton in Zhejiang, Jiangsu, Fujian, Shanghai, Anhui and other regions. Some manufacturers have no goods to ship, the market is in short supply, and the price continues to rise.

According to the prediction of SunSirs, with the strict implementation of the power and production restriction policy, the cement inventory may further decline and the supply will become more tight. Therefore, SunSirs cement product analysts believe that China cement market will mainly rise in a short time.

 

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