Concrete Weekly Report: Slow Recovery of National Concrete Market, Continuous Cost Transmission and Demand Game (3.23-3.27)

On March 27, the National Concrete Price Index (CEMPI) closed at 90.05 points, up 0.24% annually and down 10.45% year-on-year.

This week, the national concrete market as a whole is in the slow recovery stage after the festival, and the regional performance differentiation is obvious. Affected by the rise of cement price and transportation cost in Northeast China, some enterprises in Shenyang increased the price by 20 yuan/m3, but the follow-up implementation still needs to observe the downstream resumption progress; the demand in Northwest China recovered slowly, the key projects were not started enough, and the overall market was weak; the demand growth in North China slowed down, the resumption of work in Beijing, Tianjin and Hebei was not as strong as expected, and the market in Shanxi and Inner Mongolia continued to be stable and weak; In East China, the recovery of demand did not reach the peak season level, the cost transmission was not smooth, and the increase of concrete price showed a slight fatigue; in Central South China, the demand of Guangdong, Guangxi and Hunan provinces recovered slowly, the price was weak and stable, and the Henan market appeared north-south differentiation; in Southwest China, the demand grew steadily, the Sichuan and Chongqing markets were expected to rise steadily, and the prices of Yunnan and Guizhou were stable. On the whole, the game between the rising power of the cost side and the recovery speed of the demand side is still going on.