Source: Photo.com
On December 28, according to data from the National Bureau of Statistics, from January to October 2023, the national cement output was 168585 million tons, a year-on-year decrease of 1.1%.
Wang Qi, an analyst at Zhuochuang Information, said. After a brief increase in cement output from March to April this year, output from May to October maintained negative year-on-year growth, and the decline in output also verified the weakening of demand. After entering November, the demand situation has not improved significantly, and it is estimated that the output in November will still decline compared with the same period last year. "Judging from the trend, there will be a certain year-on-year increase in output in December, and the year-on-year decline in cement output should be about 4%, which is the lowest point in nearly 13 years. Wang Qi said that cement production in 2024 is expected to remain at a relatively low level, but the decline will be further narrowed to less than 1%, and the output is close to this year's level.
Jiang Yuanlin, chief analyst of cement in the centennial construction network, said that this year's cement output in mainland China has reached the level of 2011-2012, and the annual cement output is expected to be 2.1 billion tons, a year-on-year decrease of 140 million tons. According to a survey of more than 300 cement plants in the industry, more than 80% of manufacturers believe that the average price of cement next year may be lower than this year. He believes that according to the historical cycle, the profits of the cement industry have been running at the bottom, so even if the market continues to be weak in 2024, there will be no deep downturn. However, at present, there is still no trend of improvement in demand, and the cement industry cannot definitely improve.
At present, there are many enterprises participating in the cement manufacturing industry in mainland China as a whole, and the leading position in the industry is significant. In terms of production capacity, in 2021, China National Building Materials ranked first in the country with an annual production capacity of 514 million tons, accounting for 14.63% of the total production capacity of enterprises in the cement manufacturing industry. Conch cement, which ranks second, has an annual production capacity of 369 million tons, accounting for 10.50% of the total production capacity of enterprises in the cement manufacturing industry.
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