Selected | The average price in the Yangtze River Delta fell to the lowest level in five years; Gao Dengbang: Take drastic measures to reduce production capacity and take a clear-cut stand to stabilize expectations; industry associations are not allowed to make decisions on operators to reduce production and stop production.

2024-01-16 13:54:31

The average price of the Yangtze River Delta fell to the lowest level in five years; Gao Dengbang: drastically cut production capacity and take a clear-cut stand to stabilize expectations; industry associations are not allowed to make decisions on operators to reduce production and stop production.

< Market Overview & gt;

1

. The price of bagged cement in Huizhou, Guangdong was raised ( click on the title to see the full text). In the first ten days

, the leading enterprises in Huizhou notified the upstream bulk cement price of 15 yuan/ton. Since the 13th, regional leading enterprises have notified follow-up to raise the price of bagged cement by 10 yuan/ton.

2. The sales volume of cement in Shanghai increased, and the Yangtze River Delta was still dry

. In the Yangtze River Delta region in 2023, the best performance in terms of demand was Shanghai, and the annual average price of cement was Zhejiang > Shanghai > Anhui > Jiangsu, but all fell to the lowest level in five years. The Yangtze River Delta is the vane of the national cement market and plays an important role in stabilizing the national cement market.

<; Today's Focus >;

1. Gao Dengbang: taking drastic measures to cut overcapacity and taking a clear-cut stand to stabilize expectations

at present, the cement industry is facing problems such as overcapacity, market chaos and poor enterprise efficiency. Gao Dengbang put forward three tasks, namely, firmly grasping enterprise innovation, taking drastic measures to cut overcapacity and taking a clear-cut stand to stabilize expectations. In order to promote the high-quality development of the cement industry.

2. Effective immediately! The trade association shall not make a decision on the reduction of production or the suspension of production to the operator!

Recently, the Anti-Monopoly and Anti-Unfair Competition Committee of the State Council formulated and promulgated the Anti-Monopoly Guidelines for Trade Associations, which clearly stipulates that trade associations shall not set commodity prices or restrict the independent pricing power of operators in the name of price self-discipline and industry rectification, nor shall they organize operators to restrict the production or sales of commodities.

3. Lei Zhenbin was appointed as the Party Secretary and Chairman

of Yufeng Group on the morning of January 15, Yufeng Group held a cadre meeting to announce that Comrade Lei Zhenbin was appointed as the Party Secretary and Chairman of Guangxi Yufeng Group Co., Ltd. and that Comrade Yang Yi was removed from the Party Secretary and Chairman of Guangxi Yufeng Group Co., Ltd.

4. a truce in Burma! Southwest Yunnan may usher in a large demand for cement!

Yunnan cement enterprises export a large amount of cement to Myanmar, which is affected by the war in Myanmar and the export is blocked. Despite the recent ceasefire agreement in northern Myanmar, it is not clear whether the ceasefire will be in northern Myanmar or throughout Myanmar. Post-war reconstruction may soon be put on the agenda, and cement enterprises in Southwest Yunnan should improve their understanding of cement demand, give full play to their advantages and do a good job in supply.

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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.