According to the commodity market analysis system of SunSirs, the cement market in East China has recently slightly increased. The price at the beginning of this week was 326.00 RMB/ton, and the weekend price was 335.00 RMB/ton, an increase of 2.76%. The current price has dropped by 17.28% compared to last year.
Recently, some areas in East China have seen a slight increase in cement exploration. From the above chart, it can be seen that the cement market has experienced slight fluctuations in the past three months, with significant price increases this week. The weather is good, and the demand for cement has rebounded compared to the previous period, with the cement market in East China mainly rising. On November 30th, several cities in Anhui Province, including Ma'anshan, Hefei, and Chaohu, announced an increase in the prices of various types of cement by 20 RMB/ton.
Recently, the price of thermal coal has risen and fallen, but overall it fluctuates within a certain range. At the end of the month, the safety inspection of coal mines in the production area continued to exert pressure, and towards the end of the month, some coal mines experienced production stoppages, leading to a tightening of coal supply. At present, prices in the port are mainly weak. Although the daily consumption of downstream power plants has increased, under long-term stable supply, the inventory and available days of power plants are still at a high level. There is some demand downstream, but there is a phenomenon of price pressure downstream, and the overall situation is in a stalemate.
From January to October, the national real estate development investment was 9,592.2 billion RMB, a year-on-year decrease of 9.3%; Among them, residential investment was 7,279.9 billion RMB, a decrease of 8.8%. Downstream funding issues are still ongoing, and demand recovery is poor. Specifically, the marginal investment in real estate has weakened again, and it is still bottoming out in the short term, with weak support for the cement market.
According to the forecast of Shengyi Society, cement demand has improved in the near future. In order to improve profits, companies have a strong willingness to raise prices. Therefore, cement product analysts from SunSirs believe that the cement market will mainly experience a slight increase in the short term.
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