According to the commodity market analysis system of SunSirs, cement in East China has recently experienced a weak decline, with prices at 320.00 RMB/ton at the beginning of the week and 318.00 RMB/ton at the end of the week, a decrease of 0.62% and a month on month increase of 6.00%. The current price has dropped by 21.87% year-on-year.

Recently, cement in some areas of East China has been fluctuating and consolidating. From the above chart, it can be seen that there was a wave of increase in the cement market last month, and the price has slightly decreased this week. After the adjustment in the East China region last month, due to seasonal factors, demand has recovered less than expected, and cement exports have decreased month on month, resulting in a slight decline in the cement market.

Coal prices have fluctuated and consolidated this week. In terms of origin, long-term cooperative shipping is mainly implemented, and overall market transactions are weak. In terms of downstream ports, the price of thermal coal is operating weakly. Power plants tend to adopt a wait-and-see attitude and purchase according to demand. The consumption demand for electric coal may remain average, while the demand for replenishment in non electric industries is average. It is expected that the price of thermal coal will continue to fluctuate, depending on downstream market demand.

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 47.458 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.

According to the forecast of SunSirs, there is currently a slight decline in cement inventory, and Anhui and Zhejiang in East China are experiencing staggered production shutdowns. 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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