From January to October, the fixed investment of transportation decreased by 4.38% compared with the same period last year, and the demand for cement continued to bear pressure.

2024-11-28 15:42:32

On November 27, data from the Ministry of Transport showed that from January to October, China completed 306 million yuan of fixed assets investment in transportation, down about 4.38% from the same period last year, of which 2137.2 billion yuan and 176.5 billion yuan were invested in highways and waterways respectively, totaling 231 million yuan, down 9.9% from the same period last year. Transportation infrastructure is the key factor driving cement demand, and the decline in fixed investment in transportation means to a certain extent that the current cement demand side continues to bear pressure.

Transportation infrastructure is one of the key factors driving the demand for cement, and the decline in fixed investment in transportation, to a certain extent, means that the current demand side of cement continues to bear pressure .

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Correlation

From January to October, the fixed investment of transportation decreased by 4.38% compared with the same period last year, and the demand for cement continued to bear pressure.

2024-11-28 15:42:32

CEMPI

94.77

-0.22 -0.23%

CONCPI

86.60

0.00 0.00%

CLKPI

97.70

-0.25 -0.26%

SPPI

41.04

+0.11 +0.27%

MORPI

71.83

0.00 0.00%

Cement Character Series: Xiao Jiaxiang, who has been United and reorganized for more than ten years and keeps the bottom line of the industry with the cost and profit

He participated in and led the joint reorganization, which brought the concentration of China's cement industry from 15% to 64%; he took over the 100 billion-level integration, which put 300 million tons of clinker production capacity into a listed company. These achievements later encountered the most difficult downward cycle in the industry, and the achievements and pressures were equally heavy. But once the organizational structure is adjusted, it will not go back-which may be the most tangible thing he left to the industry.