According to the monitoring of SunSirs, the cement market in East China has been shaken and consolidated recently, with the price of 407.00 RMB/ ton, and the current price has dropped 35.91% year on year.

Recently, cement prices in some parts of East China have fluctuated and consolidated. It can be seen from the above figure that the cement market has been weak in recent years and continues to consolidate this week. From January to October 2022, the cement output will be 1,758.89 million tons, down 11.3% year on year. The cement output in October will be 203.84 million tons, up 0.4% year on year and down 2.3% month on month. Cement overcapacity, poor recovery of demand, insufficient impetus for cement to rise, mainly market consolidation.

The overall coke market is weak. The coke enterprises have lowered the price for two consecutive rounds. Up to now, they have lowered the price for three rounds, with a cumulative decrease of 300-330 RMB/ ton. In terms of coking enterprises, after three rounds of raising and lowering, the profits of coking enterprises have been damaged. At present, the production limit has been maintained, and the shipment has a slight impact. Some enterprises have slightly increased inventory, and the mentality of coking enterprises is generally low. As the price of finished products continues to decline in the downstream steel plants in the near future, the steel plants are under great pressure. Under the influence of profits, the coke procurement has slowed down, the maintenance of blast furnaces has increased, and the demand for coke has declined. In the future market, the overall industrial chain is lower, the game mentality of coke steel is strong, and the coke price is expected to be weak when the demand is not significantly improved. The future market focuses on coke inventory, coke coal price trend and finished product sales in all links.

Downstream: The downstream capital problem still exists, and the demand recovery is poor. Specifically, the real estate investment margin has weakened again, and it is still bottoming out in the short term, with weak support for the cement market.

According to the prediction of SunSirs, SunSirs predicted that the current infrastructure investment continued to rebound under the policy support, but the strength slowed down, and the cement demand was not released enough. Therefore, the cement product analysts of SunSirs believe that in a short period of time, the cement market is mainly down.

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