Cement Net News: Cement Prices in Many Places in Guangxi Begin to Loosen and Decline

2024-09-02 15:30:59

On September 1, some leading enterprises in Guangxi notified many places to reduce the price of cement by about 20-30 yuan/ton.

China Cement Network Market Data Center News: According to market feedback, the recent rainy weather in Guangxi, civil market demand performance is not good, enterprise shipments are only about 3-4%, cement inventory pressure is greater. To boost shipments, Since September 1, some leading enterprises in Guangxi have invested in Nanning , Chongzuo , Fangchenggang , Many places such as Qinzhou and Guilin have successively notified the reduction of the price of bagged cement by about 30 yuan/ton, among which the bulk price of some enterprises in Nanning area has been reduced by 20 yuan/ton synchronously. Overall, the rest of the enterprises are still on the sidelines, and the follow-up price reduction is expected to be larger.. (more Guangxi cement prices )

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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.