Cement Net Weekly: Northwest Market Demand Is Still Not Ideal, Commercial Mixed Market Is Temporarily Stable (5.6-5.11)

2024-05-11 17:06:49

China Cement Net Market Data Center News: The market demand performance is general, and there is no big change in the commercial mixed market.

China Cement Net Market Data Center News: The market demand performance is general, and there is no big change in the commercial mixing market.. (more prices of commercial mixing in Northwest China)

The market demand in Northwest China is still not ideal, and the commercial mixing market is mainly stable for the time being. Before May Day, the price of raw cement in Guanzhong area of Shaanxi Province was raised, but it had little impact on the mixing station, and the commercial mixing market remained stable. Compared with last year's level, Qinghai region has declined, but due to the recent decline in raw material prices, the current commercial mixed market remains stable, and it is expected that there will be a slight adjustment in prices in the later period. Production and sales in Ningxia, Gansu and other places are still not ideal, and prices are temporarily stable.

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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.