SunSirs: Demand is not Improving, and China Cement Prices in East China are falling

https://www.chemnet.com   Jun 09,2023 SunSirs

　　According to the commodity market analysis system of SunSirs, the cement market in East China has been weak recently. The price at the beginning of this week was 377.00 RMB/ton, and the price at the weekend was 352.00 RMB/ton, down 6.63%, 13.51% month on month, and 12.87% year-on-year.

　　Recently, cement prices have declined in some parts of East China. Around June 7th, cement prices in Nanjing, Zhenjiang, Wuxi, and Changzhou in Jiangsu Province decreased by 10-20 RMB/ton. On June 7th, cement prices in areas such as Ma'anshan and Wuhu in Anhui Province decreased 10-15 RMB/ton. Recently, the rainy weather in East China has increased, and the market competition has intensified and the market continues to decline due to the impact of the entrance examination for middle school and college students.

　　Recently, the price of steam coal has been weak. In terms of origin, the coal mines in the production area maintain normal production, and the coal supply side is relatively stable. In a pessimistic mood, the main focus is on long-term guarantee for shipping, and the market trading atmosphere is relatively average. Overall, coal supply is relatively sufficient, downstream demand is sluggish, and market prices are generally weak. The bearish sentiment in the market has once again heated up.

　　Downstream funding issues are still ongoing, and demand recovery is poor. Specifically, the marginal investment in real estate has weakened again and is still bottoming out in the short term, with weak support for the cement market.

　　According to the prediction of SunSirs, in the near future, the cement market demand in East China continues to decline, and hot and rainy weather is frequent. Therefore, the cement product analysts of SunSirs believe that in the short term, the cement market is mainly down.

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