Recently, cement prices have continued to increase in Guangdong, Henan, and other regions of China. Specific developments are as follows:
Guangdong Region
Market feedback indicates that cement price hikes in the Pearl River Delta region at the end of October were unsuccessful. To maintain shipments, some companies have quietly lowered actual transaction prices to relatively low levels. To improve profitability, leading regional companies announced a 30 RMB/ton increase for bulk cement in the Pearl River Delta starting November 23, with Yunfu raising prices by 20 RMB/ton simultaneously. Although some companies have issued price hike notices, overall market demand in the Pearl River Delta remains moderate, and whether this increase will fully take effect remains to be seen.
Henan Region
Market intelligence indicates that Henan implemented staggered production halts starting November 15, reducing output. Coupled with recent favorable construction weather, downstream demand has rebounded, fueling strong price hike intentions among enterprises. This has driven a proposed cement price increase of RMB20 per ton. The implementation status of this round of market price adjustments remains to be seen.
Shanxi Region
Market feedback indicates that factors including Shanxi's staggered production policy have driven up raw material costs, significantly increasing production expenses for cement companies in Changzhi, Jincheng, and other areas. On November 21, multiple companies in the region announced price adjustments, raising cement prices by 20 RMB per ton. However, as the construction market has entered its traditional off-season, it remains to be seen whether this price increase will effectively reach downstream markets.
Hainan Region
Market feedback indicates that cement producers in Hainan faced profitability pressures due to earlier price declines. Recently, improved weather conditions have accelerated outdoor construction progress, while some projects entered rush periods, gradually reviving market demand. To boost profitability, several leading producers announced a 30 RMB/ton increase for bulk cement effective November 26. Implementation status remains to be seen.
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