Cement Network Weekly Report: Demand for Concrete in East China Rebound (4.08-4.12)

2024-04-12 17:10:11

East China: Concrete demand picks up (4.08-4.12)

China Cement Net Market Data Center News: Concrete demand has picked up.. (More East China Commercial Mixed Prices)

The weather in Jiangsu, Zhejiang, Shanghai and Anhui has been mostly fine recently, and the demand has picked up compared with the previous period. In addition, it is driven by the increase of clinker price and cement price . Concrete shipments continue to increase, supply will increase slightly, and prices are expected to rise. Affected by the rainy weather in Jiangxi recently, the demand has been weakened. In the short term, the demand for concrete in Fujian has been slightly warmer, but new projects have been opened everywhere, and the demand will not decrease in the short term. Recently, projects in Shandong have been launched one after another, the shipment volume of mixing stations has improved slightly, and the demand for concrete has increased, but it is still not up to the same period in previous years, and the price is weak and stable.

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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.