Some Prices Down by as Much as 20 to 30 Yuan Per Ton

Some prices down by as much as 20 to 30 yuan per ton. (CW Group) Prices of cement in several areas in China are now in a steady decline according to market monitoring reports. The report said in Jiangsu, Zhejiang and Anhui in East China, market price was down 20 to 30 yuan per ton. Prices in Qinghai, Gansu, Xinjiang and Sichuan, northwest and southwest regions have roughly similar price cuts. The Ministry of Commerce's monitoring data show that domestic cement prices last week fell 0.1 percent from the previous week. Hot and rainy weather led to the slow progress of construction projects, and reduced demand for cement. Chongqing, Urumqi prices fell 3.1% and 1.9%. Recently, central, eastern and other enterprises in the cement stocks continued to rise, abundant CITIC Securities senior investment adviser Yi Zhang told reporters after July, the eastern region will be entering the rainy season, and many migrant workers will return home for agriculture. The human resources market will fluctuate, which can lead to a temporary drop of cement demand. However, by convention, the industry tends to take on alternate line shutdowns. Source: cemweek.com