Cement Network Weekly: North China Concrete Market Is Relatively Stable … … （10.28-11.1）

2024-11-01 17:02:53

The concrete market in North China is relatively stable.

China Cement Market Data Center News: North China Concrete Market is relatively stable … … The demand for concrete in

the Beijing-Tianjin-Hebei region is relatively stable, and construction in some areas is affected by heavy pollution weather. The overall quotation has not changed much, and the implementation of a small increase in Tianjin remains to be observed. In Shanxi, the overall operation of the concrete market is stable, and the price has not fluctuated. Prices in Inner Mongolia have not changed much, and market demand continues to weaken. Prices are holding steady as the slow season approaches.

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Correlation

CEMPI

133.77

+0.03 +0.02%

CONCPI

112.35

-0.15 -0.13%

CLKPI

141.57

+0.39 +0.28%

SPPI

50.58

-0.05 -0.10%

MORPI

80.53

+0.10 +0.12%

Subscribe 183 million shares! Conch Cement will become the second largest shareholder of Western Construction!

On November 21, the Western Construction (002302) issued a prospectus for issuing stocks to specific targets in 2021. The company plans to introduce Conch Cement as a strategic investor through this issue, and Conch Cement will subscribe for 183 million shares, accounting for 12.48% of the total equity after the issue, becoming the second largest shareholder. The purpose of this issue is to optimize the capital structure, supplement liquidity and repay bank loans, which is expected to bring the company an annual increase of 8.85 billion yuan in operating income and a total profit of 708 million yuan, up 38.71% and 78.23% respectively from 2023.