The index is 100 yuan per ton? Is the clinker production capacity index still worth the price?

2024-03-12 09:17:17

A person in the industry said frankly, now who will spend money to buy capacity indicators to build lines ah, in the current situation, capacity indicators can sell 40 yuan/ton is good.

Recently, a cement enterprise in Yunnan has listed and sold 1167t/d cement clinker production index. According to the disclosure, the transfer base price is 25.2 million yuan. Calculated

by 300 days, the annual production capacity of the clinker is 350000 tons, and the unit price of clinker per ton is 72 yuan. According to the latest Implementation Measures for Capacity Replacement of Cement Glass Industry, the cement clinker production line restricted by the National Industrial Structure Adjustment Catalogue is used as the replacement index, and the capacity replacement ratio is not less than 2:1. It is estimated that 72 * (2/1.5) = 96 yuan/ton is required to purchase the capacity index.

In addition to this project, recently, many cement enterprises are auctioning cement clinker indicators, such as Tangshan Intermediate People's Court of Hebei Province auctioning 1.24 million tons of clinker production capacity indicators under the name of Tangshan Yandong Cement Co., Ltd. The unit price of clinker production capacity replacement index is 128.14 yuan/ton.

It is understood that since 2018, due to the increase of new clinker line projects, the price of clinker production capacity index has been showing an upward trend. From the previous lowest to more than ten yuan per ton, the clinker index rose to more than 100 yuan in 2019-2020, and the clinker index was hard to find.

However, at present, the contradiction between supply and demand in the cement industry is intensifying, and the cement market continues to bottom out, which has a great impact on the profits and operation of enterprises. Many enterprises began to cancel new projects and optimize the allocation of resources.

For example, Conch Cement: The Department of Economy and Information Technology of Anhui Province issued the Announcement on Cancellation of the Capacity Replacement Plan for the Construction Project of the Cement Clinker Production Line with a Daily Output of 4,000 Tons of Xiaoxian Conch Cement Co., Ltd. The announcement shows that due to the limitation of coal consumption index, the project will not continue to advance.

Previously, because the cement industry was in a high-profit environment, many enterprises upgraded their production lines through capacity replacement to enhance competitiveness, resulting in high prices of capacity replacement indicators. Now, the frequent occurrence of "equivalent replacement" projects has reduced the demand for clinker production capacity indicators for a time.

At the same time, the market is depressed, some new projects are suspended, clinker capacity replacement indicators are no longer as popular as in previous years, and even some enterprises have repeatedly discounted and auctioned clinker capacity indicators, but it seems that no one is interested.

A person in the industry said frankly, now who will spend money to buy capacity indicators to build lines ah, in the current situation, capacity indicators can sell 40 yuan/ton is good.

Cement industry has serious overcapacity, the impact of peak staggering production on the supply side has declined significantly, the "competition and cooperation relationship" formed over the years has broken down, and the pressure of industry operation has doubled. On March 28-29, China Cement Network will hold the " 13th China Cement Industry Summit and TOP100 Award Ceremony " in Hangzhou, during which awards will be given to top 100 cement and supplier enterprises, and experts and scholars will be invited. China Railway and other construction units jointly discuss the new development trend of the cement industry in the future, and work together to create the future!

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Adani is also a big man in the Indian cement industry and is the second largest cement producer in India. He entered the industry in 2022 with the acquisition of Holcim's cement business in India, which acquired about 70 million tons of cement per year for $10.5 billion. Adani plans to expand its annual cement production capacity to 140 million tons by 2028. Adani has previously invested $1.6 billion to acquire Sanchi Cement and Penna Cement, and is expected to acquire an additional 21 million tons of production capacity.