< Market Overview & gt;
1. [Special Topic] Report on African Cement Market and the Development of Chinese-funded Enterprises in Africa (click the title to view the full text)
African countries as a whole are economically backward, with a large space for urbanization and infrastructure construction in the future, and most of the major cement countries are facing serious overcapacity. Future investment opportunities are scarce. However, some countries have great potential for economic development, strong demand for cement, low utilization rate of local cement production capacity, and a gap between supply and demand of cement, so the market opportunities are worth grasping.
2. "One night back to the pre-liberation" Fujian cement enterprises are crying
, according to the China Cement Network Market Data Center news, the recent performance of the terminal market demand in Fujian is general, but due to the high cost pressure, coupled with the generally low regional cement prices, enterprises have a strong willingness to stabilize prices. In the middle of the year, the price of cement in Fujian was generally notified to be raised by 15-30 yuan/ton, and the quotation of leading enterprises in the week basically rose and then stabilized. Under the background of the decline of demand and the intensification of the contradiction between supply and demand, the impact of foreign cement and the market situation of "equal autumn" in Fujian Province have caused Fujian to experience several times of disorderly price competition and market grabbing.
September, demand in many places was still weak, with enterprise shipments less than 60%, lower than same period, but the rise in coal prices led to an increase in cement costs, pushing up cement prices in large areas of East China. Generally speaking, the demand drive is not obvious, and the price of cement is weak. Regionally, large areas were mixed on Saturday.
< Today's Focus >
1. Tianshan Cement Co., Ltd.: Xiao Jiaxiang, Vice Chairman, Resigned
Xinjiang Tianshan Cement Co., Ltd. announced the resignation of Vice Chairman. The announcement shows that the board of directors of Xinjiang Tianshan Cement Co., Ltd. received a written resignation report submitted by Vice Chairman Xiao Jiaxiang on September 26, 2023. As he has reached the statutory retirement age, Mr. Xiao Jiaxiang applied to resign as a director, vice chairman and member of the strategic committee of the eighth board of directors of the company. After his resignation, Mr. Xiao Jiaxiang will no longer hold any position in the Company.
2. The total investment is 100 million yuan! On September 26,
2023, Huanggang Yadong Cement Co., Ltd. held a grand commencement ceremony for the comprehensive utilization project of modified phosphogypsum in Lanzhou Community, Tianjia Town, Wuxue City. The total investment of the project is 100 million yuan, covering an area of about 57 mu. Two modified phosphogypsum production lines will be built, with an annual treatment capacity of 1 million tons of phosphogypsum.
few days ago, Fujian Provincial Water Network Construction Plan was approved by the provincial government, which proposed that Fujian Province would invest more than trillion yuan to speed up the construction of Fujian modern water network with "complete system, safety and reliability, overall planning of mountains and seas, coordination and sharing, intensive, efficient, green and intelligent". The total investment is 1026 billion yuan, of which 850 billion yuan is planned to be completed from 2021 to 2035. Cement is a necessary material for water network construction, which is expected to support local cement demand.
4. Kong Xiangzhong and Yao Yi resigned as independent directors
of Jidong Cement On September 26, Jidong Cement announced that the board of directors of the company had recently received the written resignation reports of independent directors Mr. Kong Xiangzhong and Ms. Yao Yi. As Mr. Kong Xiangzhong and Ms. Yao Yi have served as independent directors for six consecutive years, in accordance with the relevant regulatory requirements, Mr. Kong Xiangzhong and Ms. Yao Yi tendered their resignations to the Board as independent directors of the ninth session of the Board of the Company, and also tendered their resignations from the relevant positions in the special committees of the Board. Upon their resignation, Mr. Kong Xiangzhong and Ms. Yao Yi will cease to hold office in the Company.
momentum to cultivate "new growth points". "With the gradual improvement of downstream demand, cement prices still have room to rise, but it is not appropriate to be overly optimistic." Speaking of the current market performance, Li Kunming, a cement analyst at the Cement Big Data Research Institute, said frankly that the slow recovery of demand and the overall weakness are the root causes of cement price increases. It is difficult to say "peak season" in September this year, and the space for price increases remains to be observed. Shanghai Securities News reporter noted that cement enterprises are actively cultivating new business growth points such as aggregates, environmental protection, photovoltaic and so on.
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