China Cement Market, the overall demand for cement in East China has been bleak in recent years, and cement prices in many places have been lowered to varying degrees.
Cement Net Weekly Report: East China Market Demand Is Poor, Cement Price Is Under Great Downward Pressure (5.13-5.17)
2024-05-17 17:31:09
According to the data center of China Cement Market, the overall demand for cement in East China has been bleak in recent years, and cement prices in many places have been lowered to varying degrees.
According to the data center of
Correlation
CEMPI
133.77
+0.03 +0.02%
CONCPI
112.35
-0.15 -0.13%
CLKPI
141.57
+0.39 +0.28%
SPPI
50.58
-0.05 -0.10%
MORPI
80.53
+0.10 +0.12%
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.