Selected | Prices of Yueyang Cement in Hunan and Chengdu-Deyang-Mianyang Cement in Sichuan are falling; recognizing the situation is the first barrier for Henan Cement in the new year; 28 production lines will be put into production in 2024

2024-01-19 13:11:00

The price of Yueyang Cement in Hunan and Chengdu-Deyang-Mianyang Cement in Sichuan has dropped; recognizing the situation is the first barrier for Henan Cement in the new year; 28 production lines will be put into production in 2024.

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. The price of cement in Yueyang, Hunan goes down ( click the title to view the full text). Recently

, major enterprises in the region have lowered the price of bagged cement by 20-30 yuan/ton, and some bulk transaction prices have been lowered simultaneously. The specific situation needs to be tracked.

2. The price of cement in Chengdu-Deyang-Mianyang area of Sichuan went down

on the 17th. The leading enterprises in Chengdu-Deyang-Mianyang area lowered the price of cement by 20 yuan/ton, and there was no significant fluctuation in other markets in the province during the week. Should

3. be "rigid" or "rational"?

Zhang Xiaohua believes that "rational capacity removal" requires enterprises to reach a consensus to achieve win-win situation through demand-determined capacity withdrawal, active withdrawal of excess capacity, joint purchase of high-cost capacity and sharing of purchase costs. Yang Dan believes that "rigid capacity removal" is more feasible.

& lt; Today's Focus & gt;

1. Cement Cold and Warm Big Brother Talk | Give up illusions to go further! Recognizing the situation is the first barrier for Henan Cement in the New Year! (Click on the title to view the full text)

In 2023, the contradiction between supply and demand in Henan cement market was prominent, prices continued to fall, and enterprises suffered large losses. Some enterprises have illusions and fail to recognize the industry dilemma, which leads to the deterioration of the market situation. Henan cement market relies heavily on real estate demand, and the downward trend of demand is inevitable, and the problem of overcapacity is becoming more and more serious. The person in charge called for giving up illusions, recognizing the situation and jointly coping with the plight of the industry.

2. 28 lines are planned to be put into production this year! Involving China Resources, Red Lion, Shanshui and other enterprises

, according to the data of Cement Big Data Research Institute, 28 clinker lines with capacity exceeding 40 million tons are planned to be put into operation in 2024. In view of the fact that the industry is still under great pressure in 2024, it is expected that the release progress of new production capacity will be less than expected.

3. Hunan Provincial Department of Commerce: Cement Operation Report in 2023 and Trend Forecast

in 2024 Affected by factors such as increased supply, poor recovery of demand, financial pressure, decreased cost and intensified competition, the overall price of cement market will drop in 2023. It is expected that the cement market price of the whole province will rebound to a certain extent in 2024, but the rebound space is limited.

4. Five years in a row! China Cement Network once again received a thank-you letter from the price monitoring center of the National Development and Reform Commission.

China Cement Network recently received a thank-you letter from the price monitoring center of the National Development and Reform Commission for the fifth time. The letter affirmed the advantages of the website in the field of commodity information of bulk building materials such as cement, and thanked it for providing accurate price data, professional analysis reports and timely market dynamics, which provided strong support for price monitoring, analysis, forecasting and early warning of bulk building materials market. The two sides hope to continue their cooperation in the new year and jointly promote the high-quality development of the upstream and downstream industries of building materials.

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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.