Weekly report of cement network: rainy weather in East China, weak demand, weak and stable concrete price (4.01-4.07)

2024-04-07 15:23:06

Rainy weather, weak demand, weak and stable concrete prices..

China Cement Net Market Data Center News: Overcast and rainy weather, weak demand, weak and stable concrete prices.. (More East China commercial mixed prices )

Jiangsu, Zhejiang, Shanghai and Anhui regions are affected by overcast and rainy weather, poor demand this week, weak and stable prices. At present, the market demand in Shanghai and Zhejiang is about 70% of the normal level, while the demand recovery in Jiangsu and Anhui is relatively poor. There is basically no demand for mixing stations in remote areas of northern Anhui after the year, and the repayment situation of mixing stations is not optimistic. Market prices

in Jiangxi and Fujian are generally stable, and demand is still weak due to the weather. Among them, the demand recovery in Fujian in early April is still resilient, and the rainy weather may increase in the middle and late of the year, which will affect the progress of the project. At this stage, the demand performance of the concrete market has steadily rebounded. This week, the volume of concrete shipments in

Shandong has declined, and the price is mainly weak. Due to financial problems, some projects have no obvious progress at present. With the completion of some infrastructure projects and the absence of new projects, the demand for concrete has decreased significantly.

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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.