Weekly Report of Cement Net: The market demand in Zhongnan is not good, and the price of concrete is stable and falling (7.15-7.19)

2024-07-19 14:44:42

The market demand is not good, and the price of concrete is stable and falling.

China Cement Net Market Data Center News: The market demand is not good, and the price of concrete is stable and falling.. (More prices of commercial concrete in central and southern China)

Guangdong and Guangxi: Recently, the overall demand and price of concrete market in Guangdong are relatively stable. The main projects start slowly, coupled with the difficulty of capital repayment, and the impact of the next high temperature and typhoon season, it is difficult to recover the market demand in the short term. In terms of price, the mainstream market price of C30 non-pumping tax in the Pearl River Delta region is maintained at around 360-390 yuan per square meter. Although the price of cement in Guangxi has risen, the performance of terminal demand is not ideal, and the price of concrete has not changed significantly. At present, the mainstream market quotation of C30 non-pumping tax in Nanning, Guilin and other places is about 260-290 yuan per square meter.

Two lakes area: According to the market, the weather in most areas of Hunan continues to be fine, and the pace of construction is also accelerating. The concrete supply of most projects under construction has gradually returned to normal, and the shipment volume of concrete has shown a steady upward trend. In terms of price, although the price of raw material cement has been pushed up continuously in the early stage, the price of concrete is still weak, and it is expected that it will still be difficult to push up in the short term. At present, the mainstream market price of C30 non-pumping tax in Hunan is maintained at about 310-360 yuan per square meter. On the Hubei side, the overall sales volume of enterprises recovered after the weather was fine, but it was still lower than the normal state, and the prices were mainly stable. Since the beginning of the year, the price of raw material cement

in Henan has fluctuated frequently, showing a downward trend as a whole. At present, the demand is mainly supported by infrastructure, coupled with weather reasons, the shipment of concrete has declined, and the price has also been loosened.

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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.