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SunSirs: Cement Prices in East China Fluctuate and Rise
April 25 2024 14:45:21SunSirs(Selena)

According to the commodity market analysis system of SunSirs, the cement market in East China increased in April, with the price of No. 1 being 302.00 RMB/ton and No. 24 being 316.00 RMB/ton, an increase of 4.64%. The current price has dropped by 23.11% year-on-year.

In April, cement prices increased in some areas of East China. From the above chart, it can be seen that the cement market has mainly fluctuated and fallen in the first two months, and this month's prices have bottomed out and rebounded. From January to March 2024, the national cement production was 337 million tons, a year-on-year decrease of 11.8%. In March, the national monthly cement production was 154 million tons, a year-on-year decrease of 22%. The Yangtze River Delta region plans to suspend kilns for 90 days, and there is an expectation of a decrease in cement supply. In order to improve profits, enterprises in East China have led price increases, and the cement market has bottomed out and rebounded.

In April, the price of thermal coal was relatively strong. In terms of origin, the overall production and sales of thermal coal remained normal, and the market was relatively strong. Mainly focus on implementing long-term cooperative shipping. Recently, the non electric industry has released a small amount of essential demand, and the enthusiasm of traders to operate has increased. There has been an increase in transportation vehicles at market pitheads, but downstream market demand has not been fully released, which has limited support for the rise in coal prices.

From January to March, the national real estate development investment was 2,208.2 billion RMB, a year-on-year decrease of 9.5% (calculated according to comparable standards); Among them, residential investment reached 1,658.5 billion RMB, a decrease of 10.5%. From January to March, the construction area of real estate development enterprises was 678.51 million square meters, a year-on-year decrease of 11.1%. Among them, the residential construction area was 47.45.8 million square meters, a decrease of 11.7%. In recent years, real estate investment has shown a significant year-on-year decline, and infrastructure demand is difficult to hedge against the impact of the real estate downturn. The support for the cement market is weak.

At present, the demand in the East China market has recovered, and the cement market is still at a low level. Therefore, cement product analysts from SunSirs believe that in the short term, the cement market will mainly experience a slight increase.


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