Cement Network Weekly Report: North China Concrete Demand and Price Are Relatively Stable (11.11-11.15)

2024-11-15 16:45:50

The demand and price of concrete in North China are relatively stable.

China Cement Net Market Data Center News: The demand and price of concrete in North China are relatively stable.

With the decline of temperature in Beijing-Tianjin-Hebei region, the market officially ushered in the winter construction season. However, the environmental warning in the region has not been completely lifted, and the haze weather in some areas is serious, which has a certain impact on the construction activities. The continuous increase in raw material prices has put pressure on concrete prices. The

concrete market in Shanxi has maintained stable operation. Although it is currently in the last peak demand period of the year and raw materials such as cement have entered the price increase cycle, the demand for the project has not rebounded significantly due to the shortage of funds in the market as a whole, so the price of concrete has not increased significantly. The overall situation of the concrete market

in Inner Mongolia remained stable. In core cities such as Hohhot and Baotou, concrete prices remained stable without significant fluctuations. However, affected by the decrease in the number of engineering projects and the slowdown in construction speed, the overall market demand showed a downward trend.


All can be viewed after purchase
Correlation

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.