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SunSirs: Cement Prices in East China Fell as the Spring Festival Approaching
January 20 2023 09:23:05SunSirs(Selena)

According to the monitoring of SunSirs, the cement market in East China has been fluctuating and falling recently, with the price of 391.00 RMB/ton at the beginning of the month and 381.00 RMB/ton on January 18, down 2.56%. The current price has dropped 27.89% year-on-year.

Recently, cement prices in some parts of East China fell. At present, as the Spring Festival is approaching, the weather is mostly rainy and snowy, the construction site is closed, and the construction workers begin to return home. The market demand has declined significantly, and the cement market is in a downward trend.

The coke market has declined slightly recently. At present, the coking market is in a weak mood. With the lower price of coking coal, the cost of coke enterprises entering the furnace is reduced, the enthusiasm of production is increased, the operating rate is slightly higher than that in the early stage, the supply of coke is loose than that in the early stage, and the current shipping situation is good. Enterprises are actively shipping, and the inventory in the factory is generally low. In terms of demand, the recent blast furnace operation of the steel plant is OK, the winter storage demand is approaching the end, and the coke inventory in the plant has rebounded rapidly. In the future, the business community believes that the performance of downstream finished products is weak as a whole near the Lunar New Year, and it is difficult to improve in the short term. The demand for winter storage is nearing the end, and some steel mills have begun to control the purchase of coke, and the overall demand is supporting the decline. It is expected that the coke price will be stable and weak in the short term. In the future, it is necessary to focus on the price trend of coking coal and the coke inventory in all links.

Downstream: The capital problem is still there, and the demand recovery is poor. Both supply and demand of the market have not recovered significantly, and the national real estate market as a whole is still in the stage of deep adjustment. A small number of projects have been constructed in some regions, and the support for cement market is weak.

According to the prediction of SunSirs, the cement market demand will decline during the Spring Festival holiday, so SunSirs cement product analysts believe that in a short time, the cement market will mainly fall.


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