12.16 Cement Morning Post: Concrete Demand Weakens, Quotation Stabilizes

2024-12-16 07:01:05

What is happening in the cement industry?

1 . Weekly report of cement website: the demand for concrete was seasonally weak, and the market quotation was mainly stable (12.9-12.13).

From December 5 to 11, the national concrete price index was stable on a month-on-month basis, with a year-on-year decrease of 10.24%, and the prices in various provinces and cities were stable. In the six major regional markets, most of the concrete prices in each region are stable, and only a few regions have small fluctuations due to factors such as raw material prices. The price of C30 concrete in 29 provincial capitals has not changed significantly. Next week, under the influence of cold air, the construction intensity will be weakened, the project shutdown will increase at the end of the year, the focus of the mixing station will shift to repayment, the demand will weaken, and the weakening of the upstream raw material price will ease the cost pressure, the demand of the concrete market will continue to weaken, and the focus of the transaction will decline steadily.

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Correlation

On March 26, Huaxin Cement announced that in 2024, the company's operating income was about RMB 34.217 billion, an increase of 1.36% over 2023; the net profit attributable to shareholders of the company was about RMB 2.416 billion, a decrease of 12.52% over 2023.