According to the commodity market analysis system of SunSirs, the cement market in East China has been weak recently. The price at the beginning of last week was 337.00 RMB/ton, and at the weekend was 333.00 RMB/ton, down 1.19%, down 2.92% month on month, and down 13.05% year on year.

Recently, cement prices have declined in some parts of East China. The cement market has been mainly declining in the past three months, and prices continued to bottom out last week. Around July 14th, cement prices in Zhoushan, Zhejiang, and other areas decreased by 10-20 RMB/ton. In the traditional high temperature off-season of July, some construction sites have slowed down, and market demand is weak. The shipment volume of cement enterprises is only around 60-70%, leading to a decline in the cement market.

Recently, the price of thermal coal has been weak. In terms of origin, the coal mine maintains normal production and overall supply is basically stable. In terms of downstream ports, due to the recent hot weather, there has been an increase in demand for power plants during peak summer. However, power plants generally maintain high inventory, and downstream purchases are mainly based on demand. Overall, it is expected that the price of thermal coal will rise weakly in the later stage, and the operation will still be weak. Specifically, it depends on downstream market demand.

According to data released by the National Bureau of Statistics on July 15th, in June, the sales prices of commercial residential buildings in 70 large and medium-sized cities increased month on month, while the number of cities decreased. The sales prices of new commercial residential buildings in all tier cities remained unchanged or slightly decreased month on month, while second-hand residential buildings decreased month on month; The sales prices of newly built commercial residential buildings in various cities have increased and decreased year-on-year, while second-hand residential buildings have decreased year-on-year. The real estate industry is sluggish, with poor support for cement.

According to the prediction of SunSirs, the cement market has hit a bottom in the near future, with various parts of the country experiencing peak shutdowns and some regions experiencing tentative increases. Therefore, cement product analysts from SunSirs believe that in the short term, the cement market will mainly experience a slight upward trend.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.