Weekly Report of Cement Net: Weak Operation of Commercial Mixed Market in Northwest China (9.2-9.6)

2024-09-06 17:14:22

China Cement Net Market Data Center News: Weak Operation of Commercial Mixed Market in Northwest China

China Cement Net Market Data Center News: Northwest Commercial Mixed Market Weak Operation.. (More Northwest Commercial Mixed Prices )

With the continuous improvement of the weather and the acceleration of infrastructure construction projects, The concrete market in Shaanxi is expected to further recover, but the overall market demand is still weak, and the market activity is far below the normal level in the past. In Xinjiang, the market demand is weak, coupled with few new projects, the shipment of mixing stations is general, and the price of commercial mixing in Urumqi and its surrounding areas has dropped by about 20 yuan per square meter recently. In addition, the rainy weather in Gansu has been on the high side in recent days, and the market demand has declined significantly, among which the price of commercial mixing in Lanbai area has declined by about 10-20 yuan per square meter compared with the previous period. During the week, the price of concrete in Qinghai was stable and small.

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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.