Gold nine silver ten traditional peak season, but last year the building materials market is not prosperous. In August this year, the price of cement dropped, and the demand was weak due to the high temperature and insufficient funds. In September, it is expected that the supply and demand will improve, and the price will fluctuate strongly. The concrete market is blocked by high temperature and rain, the demand is flat, and the market is expected to remain weak in September. Sand and gravel market off-season, price decline, September peak season dawn, but supply and demand is tight, price rebound is weak. China Cement Network will interpret market changes.
In the first half of 2024, a total of 33 listed companies in a shares, Hong Kong shares and Taiwan shares developed mixed business, with 9 as their main business. Twenty-six companies announced a total revenue of 32 billion 637 million yuan, a decrease of 11.74% over the same period last year. More than 70% of the company's mixed business income declined, and China's building materials is the largest enterprise. The sales volume of commercial mix increased and decreased by half, and the expansion of Huaxin Cement was obvious. The average selling price of commercial mixing decreased by 14.90% year on year, and the market differentiation intensified. The median gross profit margin of commercial mixing was 11.61%, and the gross profit margin of some companies rose slightly. Social capital is tight, the pressure of repayment is prominent, and listed companies are facing the risk of credit impairment.
3、 Cement Net News: Notice of Cement Price Increase in Changsha-Zhuzhou-Xiangtan Area of Hunan
Recently, the cost of cement production in Hunan has risen, and the market situation has improved due to the rising price of raw materials and the off-peak shutdown of kilns. Since the 10th, cement enterprises in Changsha-Zhuzhou-Xiangtan area have begun to raise prices, with bulk cement increasing by 30 yuan per ton and bagged cement increasing by 10 yuan per ton. The actual implementation of price changes needs further observation.
4、 Cement Network Data: 2024-09-09 Details of changes in cement prices across the country
Recently, cement prices in Hebei, Chongqing, Shaanxi, Sichuan and Gansu have risen, mainly due to the increase in production costs caused by the off-peak shutdown of kilns by manufacturers, and the strong willingness of enterprises to raise prices. Nevertheless, the demand is still low, and it is difficult to implement the actual price increase. On the other hand, cement prices in Guangdong and Guangxi declined due to light shipments. More information is available on the Cement Big Data website.
The Ministry of Ecology and Environment has issued a draft for comments to incorporate the cement, steel and electrolytic aluminium industries into the national carbon emissions trading market from 2024. The first performance will be completed by the end of 2025. A quota free allocation system based on carbon emission intensity will be implemented, and the quota will be linked to the output without a total ceiling. Units with annual emissions of 26000 tons of carbon dioxide equivalent will be managed as key emission units.
This article mainly reports the following key contents: a number of draft amendments to the law are about to enter the second trial; Alibaba and other 33 stocks have been transferred to the Hong Kong Stock Connect, effective today; China's first monkeypox vaccine has been approved for clinical use; the first round of expansion of the national carbon market has been carried out, and the cement, steel and electrolytic aluminum industries have been included in the carbon emissions trading market; Building materials concept stocks were lower in early trading, with building materials-related ETFs down nearly 2%. When choosing residential projects, attention should be paid to the quality of construction and the quality of building materials.
7、 Gansu Jiayuguan Qilianshan Cement 2.14% Equity Transfer
Recently, Jiayuguan Qilianshan Cement Co., Ltd., located in Gansu Province, announced an equity transfer activity involving 2.14% of the company's total equity. This move may mean that the company's ownership structure will change, but also may affect the company's business decisions and future development direction.
Teng Yongjun, chairman of Shanshui Group, recently investigated the 4500 tons/day cement clinker project of Chifeng Shanshui yuanhang Cement. The project is located in the Northeast Operating Area and is expected to be completed and commissioned in October 2024. After the completion of the project, it is estimated that the annual output value will reach 800 million yuan, the daily output of cement clinker will reach 4500 tons, and the annual cement grinding capacity will reach 2 million tons.
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