Weekly Report of Cement Net: The demand of concrete market is low in the off-season, and the price falls more or rises less (8.12-8.16)

2024-08-17 10:46:53

Domestic construction conditions have not improved significantly, coupled with the small number of new key projects, the market demand is still relatively low, and the price of concrete has fallen more or risen less. From August 8 to August 14, the national concrete price index closed at 114.48 points, down 0.33% annually and 11.69% year-on-year.

From August 8 to August 14, the national concrete price index closed at 114.48 points, down 0.33% annually and 11.69% year-on-year. In terms of regions, the price of concrete in Anhui and Shanghai markets has been reduced by 10 yuan/m3; the price of concrete in Zhejiang and Shandong has been reduced by 5 yuan/m3; the price of concrete in individual enterprises in Hunan has been increased by about 20 yuan/m3; the price of concrete in other provinces and cities in China has remained stable.

Figure 1: Trend

of Concrete Price Index in the Past Year Data Source: Cement Big Data (https://data.ccement.com/)

1. From the perspective of regional market conditions

, from August 8 to August 14, The concrete price index in East China continued to fall, with a month-on-month decrease of 0.88%; the concrete price index in Central and South China rose slightly, with a month-on-month increase of 0.18%; the concrete price index in other regions in China remained stable.

Table 1: Comparison

of Concrete Price Indices in Six Regions Data Source: Cement Big Data (https://data.ccement.com/)

The concrete market in different regions is as follows:

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.