Cement demand continues to fall as demand weakens in the fourth quarter

The average national cement price last week was 377.67 yuan per ton, a slight decrease of 0.35% from the Central level, of which the high mark fell by 0.17% and the low mark dropped by 0.56%. According to the sub-regional understanding, North China and Central China fell and southwest rose. It is reported that the overall average price in North China fell by 4 yuan/ton. The falling area is mainly Beijing, with a drop of RMB 20-30/ton, mainly due to weak demand. At present, the project price difference in Beijing is relatively large, ranging from 380-480 yuan/ton.

The overall average price of Central China fell by RMB 10/t. The drop was mainly in the Hubei area. Wuhan and its surrounding Huanggang, Ezhou and other places have seen relatively large adjustments, ranging from RMB 30-35/t. One of the main reasons for the decline was the lack of demand, and second was that the company had resumed production, increased supply, and the company had inventory pressure.

The rising area is southwestern Chengdu. The high-grade cement in Chengdu increased by about RMB 30/t, mainly due to the initiative of leading companies to increase their prices and thus promote the price increase. According to the author's understanding, apart from Chengdu, new hopes of enterprises in Chongqing have also raised cement prices, but other companies still maintain their original prices. As the demand is still relatively weak, there is still uncertainty about whether the price can be implemented in the later period. Some enterprises in the southwestern region may report that they may stop the kiln in the later period. If the kiln can be stopped in an orderly manner, industry insiders say that prices in Sichuan and Chongqing will likely maintain their current level.