Cement Net Weekly: The demand in East China is still in the off-season, and the price of concrete declined slightly (7.29-8.2)

2024-08-02 16:50:42

Rainy weather is frequent, concrete market demand is insufficient..

China Cement Net Market Data Center News: Rainy weather is frequent, concrete market demand is insufficient (more East China commercial mixed prices)

Jiangsu: market demand for new projects is still less, shipments are mainly supported by old projects. On the whole, weak demand, coupled with the fierce market competition, forced some enterprises to adopt a low-price strategy to survive, resulting in the overall situation is not optimistic, the price level shows a downward trend.

Zhejiang: Also facing the challenge of weak demand, affected by the high temperature weather, the shipment volume remained at the general level, and the price of concrete was weak and stable during the week.

Anhui: The recent sunny weather has created favorable conditions for the start of new projects in some areas, resulting in a small increase in concrete shipments. However, the problem of market liquidity still exists, and the demand growth of new projects has not formed an effective support. It is expected that the concrete market will maintain a steady and declining trend in the future.

Shandong: affected by the continuous rain and the drop in temperature, the market demand continued to be weak and failed to show obvious signs of warming up. The dual pressure of weather factors and market demand makes the concrete market in the province face more severe challenges.

Fujian: Recently, the weather in Fujian is still acceptable, some projects are gradually recovering, and the demand is slightly better than the previous period, but at present, the pressure of enterprise repayment is greater, and the terminal consumption is still not up to expectations. In terms of price, concrete quotations in all parts of the province remained stable this week. In addition, it is reported that in early August, cement prices in Fujian may be willing to push up, and whether concrete prices can follow up the increase still needs to wait and see. At present, the mainstream market price of C30 non-pumping tax in Longyan area is about 300-310 yuan per square meter.

Jiangxi: The price of concrete in Jiangxi has not changed much this week, the high temperature weather continues, the demand is poor, and the market has not improved. At present, the mainstream market price of C30 non-pumping tax is about 300-360 yuan per square meter.

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.