In 2026, relying on the "15th Five-Year Plan", China's urban renewal investment will reach at least 15 trillion yuan in the next five years, which will bring key support to the cement industry which is in the predicament of overcapacity and declining demand.
Urban renewal will continue to drive cement consumption from three major paths: first, the transformation of 770,000 kilometers of underground pipeline network, with a large amount of materials used in the construction process, will bring huge demand for cement; second, the transformation of 115,000 old residential areas and 500,000 dilapidated houses, with a long construction period and stable demand, will form a continuous and predictable cement consumption; Third, the renovation of 1500 old blocks and factories, accompanied by large-scale civil construction, high cement consumption of a single project, will also drive the renewal of surrounding supporting facilities. The demand release rhythm of this
urban renewal is gentle and lasting, which belongs to long-term support and will not bring the cement industry back to the era of high-speed growth, but it can hedge the downward gap of real estate, delay the decline of cement demand, promote the industry from low-price involution to structural competition, and also provide an important opportunity for cement enterprises to adjust their layout, innovate and transform.
浙公网安备33010802003254号