China Commercial Concrete Price Trends: August 2024 Report
BEIJING, CHINA — The latest market intelligence report for late August 2024 reveals a continued softening in the commercial concrete sector across mainland China. For international project managers and equipment investors, these figures provide a critical benchmark for raw material overheads and regional economic activity.
According to the industry association's data for the period of August 26 to September 1, 2024, the national average price for commercial concrete settled at 337 yuan/cubic meter (approx. $47 USD/m³). This represents a marginal month-on-month decrease of 0.3% from July, but a significant 8.9% decrease compared to the same period in 2023.
Regional Market Performance Breakdown
Price volatility varied significantly by region, reflecting localized demand in infrastructure and real estate sectors. While North China saw the sharpest annual decline, the Northeast market showed surprising resilience.
| Region | MoM Change (Aug vs July) | YoY Change (2024 vs 2023) | Market Sentiment |
|---|---|---|---|
| North China | -1.6% | -11.0% | Downward pressure |
| Northeast China | +1.1% | -2.5% | Slight recovery |
| East China | -0.3% | -9.1% | Stable/Soft |
| South China | -0.3% | -12.8% | High volatility |
| Northwest China | -0.9% | -7.1% | Contraction |
Weekly Snapshot: C30 Concrete Benchmarks
In the final week of August, the average price for standard C30 commercial concrete dipped to 335 yuan/m³. Out of the 36 major cities monitored, 27 cities maintained price stability, while 7 cities (notably Yinchuan and Shanghai) experienced declines. Only 2 cities, led by Harbin, reported price increases.
What This Means for International Buyers
For our partners in the Middle East and Southeast Asia, these trends in the Chinese domestic market often signal shifts in the global supply chain for cement and chemical admixtures. Lower domestic prices in China typically correlate with increased availability of high-quality batching equipment as producers seek to optimize efficiency to maintain margins.
As market prices fluctuate, the key to profitability remains production efficiency. High-precision weighing and mixing, such as that found in our HZS series batching plants, ensures that even as material costs change, your waste is minimized and your output remains consistent.
For detailed specifications on equipment that can help you navigate changing material costs, contact our engineering team for a customized plant configuration.
