China Cement Network, on November 4, the Yangtze River Cement Price Index fell 0.49 points from the previous trading day, closing at 285.83 points, or 0.17%, which was the largest change in the regional price index on that day. Over the same period, the national index fell slightly by 0.06%, and the East China index fell by 0.15%. At present, the Yangtze River Index is still at its highest level in nearly a year, only 1.29 points short of the year's high of 287.12 set on October 21. In terms of
price quotation, recently, the price of Zhonglian and Shanshui cement in Xuzhou, Jiangsu Province has been reduced by 10 yuan/ton, the reference average price of P.O42.5 bulk cement in Xuzhou has fallen by 3.00%, and the price index of P.O42.5 in Jiangsu Province has fallen by 0.45% annually. Since mid-October, the promotion results have taken the lead in loosening the market in northern Jiangsu. On the same day, Hunan Xiangxi brand pushed up 30 yuan/ton, and the local bulk reference average price rose by 11.00%, but the weight was limited, which failed to reverse the trend of basin index callback.
In the short run, the price of the Yangtze River Basin is still supported by the cost of raw materials such as coal, and the production of staggered peak in many provinces is also advancing, but the improvement of demand side is limited, the landing situation of the previous cumulative push up is being differentiated, the callback in northern Jiangsu is likely to be transmitted to other markets, and the index is expected to shake near the high level in the past year. The callback trend of the market with large early gains is worth tracking continuously.
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