In the first quarter, the cement market prices increased slightly but fell more.

In the first quarter of 2026, the national cement prices fluctuated at a low level, with a narrow range and a weak trend. The core factors affecting this include the slower-than-expected recovery of demand, overcapacity, and the drag effect of a high base from the previous year, resulting in an overall weak performance. In the second quarter, cement prices are expected to moderately recover and rise, benefiting from the release of construction peak season demand, staggered production, dual control of production capacity, and cost support. However, constrained by the weakness in real estate and overcapacity, the price increase is limited, and regional differentiation is intensifying.