On October 25, cement stocks rose the most in early trading, and as of press release, Jidong Cement touched the limit. Tianshan shares rose 3.36%, Conch Cement rose 4.78%, Huaxin Cement rose 6.8%, Ningxia Building Materials rose 6.2%, Tapai Group rose 4.8%, Fujian Cement rose 4.9%. Many cement stocks such as Jianfeng Group and Shangfeng Cement are also rising.
On October 24, the sixth meeting of the Standing Committee of the 14th National People's Congress voted to adopt the resolution of the Standing Committee of the National People's Congress on approving the State Council's plan to issue additional treasury bonds and adjust the central budget in 2023, and the decision of the Standing Committee of the 14th National People's Congress on authorizing the State Council to issue some new local government debt limits in advance. It is clear that the central government will issue an additional 1 trillion yuan of 2023 treasury bonds in the fourth quarter of this year, and the State Council can continue to issue some new local government debt limits ahead of schedule. All the
additional treasury bonds will be transferred to local governments in the form of transfer payments, and 500 billion yuan will be used this year and 500 billion yuan will be carried over to next year. According to the Ministry of Finance, The funds will focus on eight major areas: post-disaster recovery and reconstruction, key flood control projects, natural disaster emergency response capacity improvement projects, other key flood control projects, irrigation area construction and transformation and key soil erosion control projects, urban drainage and waterlogging prevention capacity improvement actions, key natural disaster comprehensive prevention and control system construction projects, and high-standard farmland construction in Northeast China and Beijing-Tianjin-Hebei disaster-stricken areas.
Some insiders said that the above measures are conducive to strengthening infrastructure construction, expanding aggregate demand, and laying a good foundation for the economic operation in the fourth quarter and next year.
Cement is an important building material and an important raw material for national economic construction. It is widely used in infrastructure construction, real estate development, rural construction and so on. As one of the three major carriages driving cement demand, infrastructure construction can not be ignored. With the strengthening of infrastructure construction, it will undoubtedly benefit the demand for cement.
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