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Home - News - The Rising Trend Continues, and the Cement Price in East China continues to Rise

The Rising Trend Continues, and the Cement Price in East China continues to Rise

October 15, 2021

According to the monitoring of SunSirs, the cement market in East China rose sharply, with the price of 629.33 RMB/ ton on October 1 and 657.67 RMB/ ton on October 12, an increase of 4.50%. The current price rose by 30.75% month on month and 38.92% year-on-year.

After the National Day holidays, the impact of power and production restriction was further severe, and the cement supply was tight. Major manufacturers raised their quotations one after another, and the cement price showed an upward trend.

After the National Day holidays, the situation of power and production restriction has not improved at all. The inventory of cement enterprises has continued to decline. The sharp rise in the price of raw materials, especially coal, has also put pressure on the cost of cement, and the cost of cement production has increased significantly. Recently, East China is in the peak cement season, the cement demand continues to improve, the supply and demand is seriously unbalanced, and the cement market continues to rise. In the later stage, with the staggered peak production in winter in some areas, the shortage of cement supply may be more severe, and it is expected that the cement market may rise further in the later stage.

The coke market in Shandong and Hong Kong is mainly stable temporarily, and the inventory in the two ports continues to be low. At present, the mainstream spot exchange ex-warehouse price of quasi primary coke in the port is 3,900 RMB/ ton, the price is mainly stable temporarily, the wait-and-see mentality is strong, and the trading atmosphere is general. In the spot market, affected by the dual control of energy consumption and crude steel decompression policy, the start-up of steel mills is generally reduced, the demand for coke slows down and purchases on demand. At present, most coking enterprises, except Shanxi and Shandong, produce normally, and the coke enterprises ship actively. It is expected that the coke market will operate stably and weakly in the short term. The coke market continues to be high, supporting the cement cost.

According to the prediction of SunSirs, the situation of power and production restriction is still severe, the cement inventory continues to decline, and the supply is becoming tighter. Therefore, SunSirs cement product analysts believe that the cement market will mainly rise in a short time.