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SunSirs: Cement Prices in East China Fluctuated and Fell
May 16 2024 10:28:00SunSirs(Selena)

According to the commodity market analysis system of SunSirs, the cement price in East China fell weakly recently. The price was 318.00 RMB/ton at the beginning of the week and 314.00 RMB/ton at the end of the week, down 1.26% and up 5.37% month on month. The current price fell 22.28% year on year.

Recently, the cement in some parts of East China fell in shock. It can be seen from the above figure that the cement market rose last month, and the price continued to decline slightly this week. After the rise in East China last month, due to the slow recovery of demand, the inventory of enterprises continued to be high, and the pattern of oversupply suppressed the rising momentum of cement, and the cement market fell slightly.

The coal price is relatively strong this week. In terms of production area, the normal production and sales of steam coal are maintained as a whole, and the coal supply is stable as a whole. It still focuses on the implementation of long-term cooperative shipping. Affected by the rising port prices, some traders are better in finding goods and have less inventory pressure. In terms of downstream ports, market prices rose, and the daily consumption of power plants basically returned to pre holiday levels. However, as the price rises, the downstream is not in a hurry to purchase and remains cautious.

From January to March, the national real estate development investment was 2208.2 billion RMB, a year-on-year decrease of 9.5% (calculated according to comparable caliber); Among them, residential investment was 1,658.5 billion RMB, down 10.5%. From January to March, the construction area of real estate development enterprises was 6,785.01 million square meters, a year-on-year decrease of 11.1%. Among them, the residential construction area was 4,745.8 million square meters, down 11.7%. In recent years, real estate investment has declined significantly year-on-year, and infrastructure demand is difficult to hedge the impact of the real estate downturn. Weak support for cement market.

According to the prediction of the business club, the current cement inventory is high and the downstream demand continues to be weak. Therefore, the cement product analysts of the business club believe that the cement market will mainly fall slightly in a short time.

 

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