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SunSirs: Poor Demand, Cement Market in East China Falls

February 24 2021 11:05:59     SunSirs (Selena)

According to the monitoring of SunSirs, the cement market in East China has recently fallen, with the price of 500.02 RMB/ ton on February 19 and 494.80 RMB/ ton on February 22, a decrease of 1.08%. The current price has dropped by 1.71% month on month, and the current price has dropped by 4.63% year on year.

Recently, the Spring Festival has passed, but the cement demand has not increased significantly, the pressure of manufacturers is greater, and the price is on a downward trend.

In terms of different regions, the market demand in Jiangsu has declined. Around February 19, the prices of various kinds of cement in Suzhou, Wuxi, Changzhou, etc. in Jiangsu Province decreased by 30-50 RMB/ ton. Around February 22, Nantong, Jiangsu and other regions announced that the price of high-standard cement was lowered, with a drop of 45 RMB/ ton.

In Shandong Province, the inventory increased and the demand decreased. On February 19, individual cement manufacturers in Jining, Shandong Province informed the cement price to decrease, with a decrease of 30 RMB/ ton.

In Anhui Province, the demand of civil market is declining, and the shipment volume of manufacturers is poor. Around February 19-20, the main cement manufacturers in Huangshan, Tongling, Wuhu and other regions of Anhui Province informed the price of low-standard cement to reduce, with a decrease of 30 RMB/ ton.

In Shanghai, driven by the decline of surrounding cement market, the price of high standard cement of main brands in Shanghai decreased on January 21, with a decline of 30-45 RMB/ ton.

Recently, the Spring Festival holiday has ended, but the market demand has recovered slowly. The construction site and mixing plant are returning to work, but the progress is not good. The enterprise inventory has increased compared with that of a year ago, the market competition has intensified, and the manufacturer's shipment volume is low. The cement market in East China was further lowered.

According to the prediction of SunSirs, with the rework of workers and the resumption of construction sites and mixing stations, the cement market demand is expected to rise, but the inventory is still high in the short term. Therefore, SUnSirs cement product analysts believe that China cement market will be weakening in the short term.

 

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