According to the Guangdong Provincial Construction Engineering Standard Quota Station, the price of aggregates in Guangdong Province in January this year has a downward trend, and the market is weak. According to the statistics of the Media Center of the China Aggregates Association, the price in the Pearl River Delta region is relatively stable, and the price in the Jiangmen region has dropped by about 2 yuan/ton. With the issuance of a number of policies related to stabilizing growth by many ministries and commissions, and the launch of a number of key projects in Guangdong Province in 2022, it is expected that the market demand for aggregates will increase in March, and the price will rebound.

But what needs special attention is the impact of the Covid-19 on the aggregates market. On March 12, the Office of Shenzhen Epidemic Prevention and Control Headquarters issued the "Emergency Notice on Eight Measures for Epidemic Prevention and Control of Construction Sites in the City", requiring reasonable adjustments to methods of construction management, aggregates material transportation, and logistics. All construction sites were shut down for 4 days. Recently, there are still many new cases in Shenzhen, Dongguan and other places. The epidemic situation in Guangdong will have an impact on construction, and some construction sites will strengthen control measures, which may affect the demand for aggregates.

The overall situation of aggregates prices in Guangdong Province in January 2022

[Medium-grained aggregates] Medium-grained aggregate index was 115.38 yuan, a month-on-month decrease of -1.44% and a year-on-year decrease of -2.33%;

[Crushed stone (20)] Crushed stone index was 106.25 yuan, -1.66% down month-on-month and -7.73% down year-on-year.

Key construction projects in Guangdong Province in 2022

According to the China Aggregates Association, Guangdong Province will arrange 1,570 key construction projects in 2022, with a total investment of about 7.67 trillion yuan and an annual planned investment of more than 900 billion yuan.

Among them, the annual planned investment of provincial key projects is 900 billion yuan, an increase of 12.5% over last year's plan; among them, 294 new projects are planned and 1,276 are continued.

It is worth noting that 968 key projects in the Guangdong-Hong Kong-Macao Greater Bay Area will be arranged, with an annual planned investment of 548.9 billion yuan; the construction of the "Greater Bay Area on Rails" will be accelerated, and 29 railway projects, 6 comprehensive transportation hub projects, and 30 urban rail transit, a total annual planned investment of 125.2 billion yuan will be arranged.