The hot weather is coming to an end, and the demand for building materials has slightly improved

Published: Sep 03, 2024 11:18 (GMT+8)

Source: SMM

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According to SMM survey data, 40% of the surveyed companies have recently taken on new projects, while 60% are still continuing with old projects and have not yet received new ones, remaining flat MoM.

According to the SMM survey, the financial strain in the construction materials industry has slightly improved this period. 40% of the surveyed enterprises still face financial difficulties, down 2% MoM from the previous period. 60% of the surveyed enterprises have relatively normal finances, allowing for normal production operations.

According to the SMM survey, currently, 60% of downstream enterprises remain optimistic about the market outlook, up 3% MoM. Market participants believe that with the September-October peak season approaching, overall market demand will improve, and they are relatively optimistic about the future market. Meanwhile, 40% of enterprises are adopting a wait-and-see attitude towards the market environment, believing that current demand is sluggish and market expectations are unlikely to improve.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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