The key reason is that even if companies want to shut down now, it is difficult to find buyers willing to take over. The essence of capital is the pursuit of profit, no enterprise is willing to "self-sacrifice" for no reason, they all hope to get better returns when they exit the market as far as possible.

2024-08-15

On August 13, Conch Cement announced that the Articles of Association of the Company stipulated that the board of directors shall consist of eight directors. In view of the resignation of Mr. Wang Jianchao and Mr. Zhou Xiaochuan, the board of directors of the Company currently has only six members, including three executive directors and three independent non-executive directors, and the board of directors needs to add two directors. According to the recommendation of the remuneration and nomination committee of the Board, the Board nominated Mr. Zhu Shengli and Mr. Yu Shui as candidates for executive directors of the ninth session of the Board of the Company, which will be submitted to the first extraordinary general meeting of the Company in 2024 for consideration and approval. The terms of office of Mr. Zhu Shengli and Mr. Yu Shui shall take effect from the date of approval by the shareholders' general meeting.

2024-08-15

On the 15th, leading enterprises in Beijing, Tianjin, Tangshan, Langfang, Cangzhou, Qinhuangdao and other regions notified an increase in cement prices by 30 yuan/ton.

2024-08-15

The way out for the cement industry needs to be constantly explored and summarized in practice. The market school and the synergy school have different views, but the common goal is to promote the healthy development of the cement industry. At present, the insufficient demand for cement is the general trend of the economic cycle, which is irreversible in the short term. As a participant in the development of the industry, we should not only have the keen insight of the market school, but also have the overall outlook of the synergy school, maintain strategic strength and firm confidence in development.

2024-08-15

Data show that from January to July 2023, the national cement output was 1126.77 million tons, so the absolute value of cement output from January to July this year decreased by 125.32 million tons, or 11.12%, compared with the same period last year.

2024-08-15

What is happening in the cement industry?

2024-08-15

Recently, the Chongqing Municipal Economic and Information Commission issued the Announcement on the Update of the List of Cement Clinker Production Lines in Chongqing, which verified the situation of all compliant cement clinker production lines in the city in 2023 (up to December 31, 2023). According to the public list, as of December 31, 2023, there are 47 cement clinker production lines in Chongqing, of which: 21 production lines of 14 enterprises have not completed the off-peak production task in 2023; 8 production lines have been announced to be relocated.

2024-08-14

China Cement Network Market Data Center received feedback from the market that the recent rise in raw material prices in Hunan has led to rising production costs, coupled with the general shutdown of kilns in Hunan Province in August. Affected by this, many enterprises in Hunan have been notified to raise the price of cement by 50 yuan/ton since the 12th. Like most provinces in the country, the situation of cement industry in Hunan is extremely grim this year, and some kiln line enterprises have not yet opened kilns, which not only affects the normal operation of enterprises, but also leads to serious losses.

2024-08-14

In order to further understand the requirements of the new national standard for cement products and promote relevant technical personnel to master the contents of the new standard, a training course on the new national standard for cement products sponsored by Hubei Cement Industry Association was held in Wuhan on August 13. A total of 88 trainees from 76 cement and commercial mixing enterprises in the province participated in the training. Entrusted by Deng Xikun, Secretary-General of Hubei Cement Industry Association, Wang Xingpeng, Deputy Secretary-General of the Association, made a mobilization speech, pointing out that one of the signs of "involution" vicious competition in the cement industry is low-price dumping, sacrificing quality and reducing costs.

2024-08-14

Recently, Yatai Group issued the Announcement on the Progress of Planning for the Sale of Major Assets and Related Transactions, saying that the company is planning to sell 20.81% of its shares in Northeast Securities Co., Ltd. to Changchun City Development Investment Holding (Group) Co., Ltd. It intends to sell 9% of its shares in Northeast Securities to Changchun Financial Holding Group Co., Ltd. or its designated subsidiaries.

2024-08-14

Recently, some enterprises in Chengdu have slightly lowered the price of cement by 10-20 yuan/ton.

2024-08-13

Recently, some enterprises in northeast Chongqing have lowered the price of cement by 30 yuan/ton.

2024-08-13

On the 13th, major enterprises in Guanzhong area of Shaanxi notified an increase in cement prices by 60 yuan/ton.

2024-08-13

We need to establish the core values of "others earn more, I can earn more" to guide production and operation. In the short run, only by actively limiting production and restoring the balance of supply and demand in the weak market, can the cement industry achieve a recovery in efficiency. Without enough initiative and consistency to limit production, all those who talk about the price of cement are cheaters and hooligans, and they can not succeed.

2024-08-13

By 2035, China will build a physical network with a total scale of about 700000 kilometers, including about 200000 kilometers of railways, 460000 kilometers of highways and 25000 kilometers of high-grade waterways. There are 27 major coastal ports, 36 major inland river ports, about 400 civil transport airports and about 80 postal express hubs.

2024-08-13

On August 12, the Department of Industry and Information Technology of Shandong Province issued the Public Notice on Provincial Green Manufacturing Units in 2024, and the cement industry was selected into the list of Shandong provincial green factories: Dongying Kenli Shanshui Cement Co., Ltd., Tai'an Xintai Zhonglian Taifeng Cement Co., Ltd., and Binzhou Shandong Yongzheng Cement Co., Ltd.

2024-08-13

Market, according to the China Cement Network Market Data Center news: August 12 or so, Hunan cement enterprises generally push up the price of cement 50 yuan/ton; August 13, Shaanxi cement enterprises push up the price of cement 60 yuan/ton. Hubei market has recently spread the rumor of price increases, but whether it can take place remains to be seen.

2024-08-13

"Cement is a resource-based industry," Ma Weiping pointed out, "limestone, coal and other resources will rise in price over time." Labor cost is also a major factor leading to the rise in production and operation costs of cement enterprises, Ma Weiping said. It is understood that the salaries and operating costs of employees of major cement listed companies account for about 15%. At present, the cement industry is still inadequate in terms of employee welfare, and making up for the shortcomings in this area is also the key to achieve high-quality development of the cement industry.

2024-08-13

Those who sell below the cost price are regarded as "involution" vicious competition in the cement industry. Market stability is the prerequisite for the industry to obtain reasonable profits. Strengthen the self-discipline of the cement industry, prevent and resist "involution" disorderly competition, low-price dumping and other acts harmful to the interests of the industry, promote the smooth operation of the market, orderly development, fair competition, and create a good environment for the development of the industry.

2024-08-13

The 4628t/d new dry process cement clinker production line (with 9MW pure low-temperature waste heat power generation) project of Mile Red Lion Cement Co., Ltd. is located in Xunjiansi area of Mile Industrial Park, Yunnan Province. It adopts the new dry process pre-decomposition production process to build a 4628t/d new dry process cement clinker production line, and synchronously constructs the denitrification project. The annual output of clinker is 1.43468 million tons.

2024-08-13