Featured | Bright Future of Cement Industry in 2024; Tu Shunzu: There Is No Winner in "Price War"

2024-01-03 14:09:40

Bright Future of Cement Industry in 2024; Tu Shunzu: There Is No Winner in "Price War"

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. Cement industry: Why 2024 is full of difficulties but bright prospects ( click the title to view the full text) Where is the bright future of the cement industry when demand

is down, new production capacity is increasing, and the average price of cement is moving down as a whole? China Cement Network Cement Big Data Research Institute predicts that in 2024, the drag of real estate will be weakened and infrastructure will still be pulled. Cement production in 2024 is expected to be around 2.01 billion tons, down about 2% from the same period last year.

2. Jiangsu Cement Market Price Dynamics

On December 29, the market in East China was stable. The cement price index in East China was 112.91, up 0, up 0% on a month-on-month basis, and down 17.7% in the same period last year. At the same time, the average price of 42.5 bulk cement in Jiangsu P. O is 382.87 yuan/ton.

& lt; Today's Focus & gt

; 1. Cement Cold and Warm Big Brother Talks | Tu Shunzu: There is no winner in the

"price war" Tu Shunzu believes that under the policy of capacity replacement, many enterprises have virtually increased their actual capacity by a large margin by means of technological transformation and "building a large number of small enterprises". These "extra" capacity is the key to the increasingly serious overcapacity in the cement industry.

2., the Ministry of Industry and Information Technology and other eight departments jointly issued the Guiding Opinions

on Accelerating the Transformation and Upgrading of Traditional Manufacturing Industries. The Ministry of Industry and Information Technology, the State Development and Reform Commission, the Ministry of Education, the Ministry of Finance, the People's Bank of China, the General Administration of Taxation, the General Administration of Financial Supervision, China Securities Regulatory Commission and other eight departments recently jointly issued the Guiding Opinions on Accelerating the Transformation and Upgrading of Traditional Manufacturing Industry, proposing that by 2027, the level of high-end, intelligent, green and integrated development of China's traditional manufacturing industry will be significantly improved, the proportion of effectively supporting manufacturing industry will remain basically stable, and its position and competitiveness in the global industrial division of labor will be further consolidated and enhanced.

3. The State Administration of Market Supervision and Administration again exposed 16 batches of unqualified cement products

on January 2. The State Administration of Market Supervision and Administration announced the results of national supervision and spot checks on the quality of 31 kinds of products, such as wires, cables and cement. Cement products: 620 batches of products were sampled from 620 production units in 15 provinces including Shandong, Sichuan and Jiangsu, and 16 batches of products were found to be unqualified. Among them, 4 batches of water-soluble chromium (VI) and 12 batches of chloride ion items were not qualified.

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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.