Since this year, these cement enterprises have collapsed.

cement industry did not begin today.

In the past few years, the demand has continued to shrink, the supply has been seriously excessive, the price has repeatedly bottomed out, and the profits of the industry have been declining all the way. By 2026, the losses will be further expanded, and more and more enterprises will come to the critical point of life and death. According to the incomplete statistics of China Cement Network, more than 20 cement production and grinding enterprises have gone bankrupt, filed for bankruptcy or entered other major procedural nodes since this year. From East China to Southwest China, from North China to Northeast China, the same story is playing out everywhere.

According to the data of the National Bureau of Statistics, the national cement output in 2025 was 1.693 billion tons, with a year-on-year decrease of 6.9%, which was the lowest since 2010; the peak in 2021 was 2.377 billion tons, and the output contracted by nearly 700 million tons in four years. In 2026, the decline continued-the output in the first half of the year was 736 million tons, down 8% from the same period last year, a new low in the same period in the past 17 years.

The price side is also under pressure. According to the data of China Cement Network, in the first half of the year, the national cement price opened low and went all the way to the bottom, and the cement price of some enterprises dropped to 150-200 yuan/ton. By the end of June, the national cement price index recorded 280.43 points, down 7.9% from the beginning of the year and 15.4% year-on-year. According to the calculation of Cement Big Data Research Institute, the total profit loss of the whole industry in the first half of the year is about 4 billion yuan, the loss area is about 60%, and the operation pressure of the industry is unprecedented.

In the first half of the year, the trend chart of the national cement price index showed that the

demand was shrinking, the supply was excessive, the price was bottoming out, the triple pressure was transmitted layer by layer, and the cash flow of enterprises was rapidly exhausted. In this round of liquidation, some enterprises are forced to go bankrupt because of insolvency, some can not bear it after a long period of hard support, and some choose to withdraw and dissolve production capacity on their own initiative.

Combing the cases of collapse this year, almost every one of them has fallen at the same pass: unable to pay off the debts due, and obviously lack of solvency.

Established in 2014, the core production facility of Guangchi Cement in Yizhou, Guangxi is a 2500t/d new dry process cement clinker production line, which was completed in May 2020 with a total investment of 340 million yuan. Less than six years after putting into operation, the enterprise entered bankruptcy liquidation because it had no executable property. Sichuan Luding Shansheng Special Cement has a 2000 t/d clinker production line and a 700000 t/a cement production line, which has been shut down for a long time and has a debt of about 450 million yuan. In August, it was ruled to accept bankruptcy liquidation. The 2500t/d clinker line of Chongqing Jiuxin Cement, which stopped production in October last year, has also been filed for bankruptcy.

In this round of clearing, the grinding station has become the most vulnerable link. Established in 2009

, Gucheng CITIC Cement Grinding is one of the nine cement grinding stations in Xiangyang City. As of February 4, 2026, 18 cases have not been executed as the executed person, and 28.8438 million yuan of debts have not been fulfilled, which has been accepted by the court for bankruptcy liquidation. Sanxin Cement in Hebi City has a grinding production line, which is one of the eight local grinding stations. In 2024, it was in a state of shutdown. Finally, it was declared bankrupt and terminated the procedure because its property was insufficient to pay off the bankruptcy expenses. In addition, the annual output of 1 million tons of grinding capacity index of Leling Junhua Building Materials was sold at 5.6 million yuan, and the starting price of two grinding stations and ancillary facilities with an annual output of 1.2 million tons in Tangshan Yao Southeast Institute was only 5.7477 million yuan, all of which fell into the asset disposal process.

China Cement Network in the "hit 3.3 fold no one wants, why is the grinding station more difficult to sell?" It is pointed out sharply that independent grinding stations do not have stable clinker supply channels and lack scale advantages. The upstream is constrained by the price of clinker and the downstream is constrained by the shrinking demand, "squeezed at both ends". What really needs to be reduced is the total capacity of the grinding end of the industry-only when the grinding capacity shrinks to a level that matches the demand for cement, can retained grinding capacity be profitable.

According to incomplete statistics, since the beginning of this year, more than 20 cement enterprises (enterprises with production capacity and production lines) have gone bankrupt, filed for bankruptcy or ushered in major procedural nodes, which are classified by regions as follows:

This round of liquidation will continue. Bankruptcy reorganization and merger and acquisition integration are becoming market-based channels for eliminating inefficient production capacity and reshaping the competitive landscape. With the accelerated withdrawal of inefficient production capacity, the industry concentration will be further improved, and high-quality enterprises will be retained and occupy a more favorable position in the new round of competition.