[Concrete Price Index February Report]: The downstream demand has started one after another, and the market price has fallen steadily.

2023-03-01 16:50:19

After the Lantern Festival, the construction demand in the southern market has gradually recovered, but the overall situation is still weaker than same period in previous years, and the price of concrete has generally remained stable and fallen, with only a slight rise in the central and southern parts. By the end of February, the National Concrete Price Index (CONCPI) had closed at 139.76 points, down 0.24% from the end of January and 8.08% from the same period last year.

In February, the concrete market was in the recovery stage after the festival, and the national commodity concrete price index was weak and stable. After New Year's Day, workers began to return to work one after another, the start-up rate of downstream construction projects gradually picked up, and the demand for concrete in the southern region recovered. The northern region continues to be affected by low temperature weather, demand recovery is relatively slow, and the overall market is still in the off-season. At the same time, some upstream cement enterprises try to push up the quotation, concrete enterprises hold a wait-and-see attitude, and the actual transaction price is stable and falling.

By the end of February, the National Concrete Price Index (CONCPI) closed at 139.76 points, down 0.24% from the end of January and 8.08% from the same period last year.

Figure 1: Trend and Operation of National Concrete Price Index in February (Point)

Data Source: Cement Big Data (https://data.ccement.com/)

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Correlation

In May, the rainy weather in the south continued, the demand for concrete market still declined, coupled with the obvious drop in costs, domestic commercial mixed prices generally fell. By the end of May, the National Concrete Price Index (CONCPI) had closed at 136.22 points, down 1.81% from the end of April and 8.22% from the same period last year.

2023-06-01 16:40:45

In March, driven by infrastructure projects, the downstream construction volume increased annually, but the market demand in most areas has not yet recovered to the same period in previous years, and the price of concrete is stable and strong. By the end of March, the National Concrete Price Index (CONCPI) closed at 140.28 points, up 0.37% from the end of February, and down 6.63% from the same period last year.

2023-04-04 09:16:13

After the Lantern Festival, the construction demand in the southern market has gradually recovered, but the overall situation is still weaker than same period in previous years, and the price of concrete has generally remained stable and fallen, with only a slight rise in the central and southern parts. By the end of February, the National Concrete Price Index (CONCPI) had closed at 139.76 points, down 0.24% from the end of January and 8.08% from the same period last year.

2023-03-01 16:50:19

Coinciding with the Spring Festival holiday, domestic construction projects basically entered a state of holiday shutdown, concrete market turnover dropped to a low level, some concrete enterprises continued to lower their quotations before the festival, and prices have basically maintained stable operation since the Spring Festival. By the end of January, the National Concrete Price Index (CONCPI) had closed at 140.09 points, down 0.69% from the end of December and 9.39% from the same period last year.

2023-02-02 16:03:44

Despite the optimization and adjustment of the epidemic prevention policy, the overall construction progress in China has further slowed down due to the approaching New Year and the low temperature, and the demand for concrete in the southern market has gradually weakened. By the end of December, the National Concrete Price Index (CONCPI) closed at 141.07 points, down 0.93% from the end of November, compared with the same period last year. Prices fell by 10.26%.

2023-01-04 11:40:36

Prices in Ningxia are stable but export sales are low, Gansu is facing callback pressure after price increases, sales in Qinghai are not up to expectations after pushing up, Shaanxi has great resistance to price recovery, Xinjiang is stable due to engineering demand, and the overall market is mainly stable price wait-and-see in the short term.