Weekly Report of Cement Net: Weakness of Commercial Mixed Price in East China (5.13-5.17)

2024-05-17 15:40:53

The market demand performance is general, and the commercial mixed market is expected to decline.

China Cement Net Market Data Center News: The market demand performance is general. The market of commercial concrete is expected to decline.. (More prices of commercial concrete in Northeast China)

Jiangsu, Zhejiang, Shanghai and Anhui: Affected by the sharp rise in the prices of raw materials such as steel in the early stage, some projects in Jiangsu, Zhejiang, Shanghai and Anhui are short of funds, the construction progress is slowing down, and the demand for concrete is weakening. However, in recent days, some mixing stations have indicated that there is room for concrete shipments to rise, but the increase is limited and the price is stable. At present, the shipment volume in some areas of Jiangsu is general, and only the basic operation volume is maintained. The main reason is that the quality of sand and gravel raw materials supplied by the market is unstable, and the mud content, crushing value and other indicators can not meet the procurement requirements, so only part of the qualified raw materials are available for production. Recently, the market demand in Nanjing has declined, the shipment volume of mixing stations is not ideal, and the market is weak and stable. On the whole, the market demand will further decline due to factors such as the traditional off-season in June, the rainy season and the entrance examination for high school and college, and the probability of seasonal decline of concrete prices in Jiangsu, Zhejiang, Shanghai and Anhui is high.

Shandong region: the demand is general, the sales volume is low, coupled with the high inventory of raw materials, the price of concrete is stable and strong. Overall, the seasonal decline in market demand, especially in northern Anhui busy wheat harvest is imminent, the demand for concrete market is gradually weakening.

Fujian: Since the beginning of this month, the rainy weather in Fujian has decreased, and the construction progress of some site projects has slowly picked up. However, due to insufficient funds and other factors, the terminal demand has not reached the ideal state. At present, the mainstream price of C30 non-pumping tax in Fuzhou area is about 340-360 yuan/ton.

Jiangxi: After the reduction of rainfall in Jiangxi market, the construction progress of the project has recovered, and the overall demand has rebounded. At present, the supply of old projects is the main supply, and the overall market is weak and stable.

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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.