< Market Overview & gt;
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. Investment in fixed assets is expected to grow by 10%! Cement demand in Xinjiang in 2024 is worth looking forward to (click on the title to see the full text)
. Fixed asset investment in Xinjiang is expected to increase by 10% in 2024. Infrastructure is the main driving force of cement demand. Cement output in Xinjiang will increase by 25% in 2023 compared with the same period last year. Local cement demand is worth looking forward to.
2. Shaanxi cement market price dynamics
On January 29, the northwest market demand declined, the northwest cement price index was 119.87, down 0.86, down 0.71%, down 17.18% in the same period last year. At the same time, the average price of 42.5 bulk cement in Shaanxi P. O is 414.21 yuan/ton.
& lt; Today's Focus & gt;
1. Conch Cement's stock speculation losses continued to expand
. By the end of June 2023, the ending balance of Conch Cement further dropped to 1.074 billion yuan, and the current fair value change profit and loss was -964 million yuan. Conch Cement's investment performance in the stock market is not good, and its holdings of stocks such as Shangfeng Cement, Yatai Group and Tianshan Stock continued to fall in the second half of the year, resulting in its securities investment gains and losses may be more ugly. Conch Cement will disclose its annual report for 2023 on March 20, 2024, when we will see the details of its stock market losses.
Jiangsu Province has been approved, and about 3.3 billion yuan will be invested to build a demonstration production line of 9000 tons/day intelligent second-generation new dry cement. The project has achieved remarkable results in energy saving and emission reduction through the integration of capacity reduction and the adoption of advanced technology. In addition, Jiangsu Jinfeng Cement Group acquired Shanghai Bulgari Hotel for 2.43 billion yuan, which is the second time that the group has acquired luxury hotels in Shanghai in half a year.
and 100% equity of Maanshan Maanshan Steel Jiahua Commodity Concrete Co., Ltd. was re-listed for transfer, with a base price of 103.68 million yuan, down 37.01 million yuan from the previous one.
4. The latest research summary of concrete enterprises (01.29)
Company A is cautiously optimistic about the market in 2024, believing that the market demand is more likely to be stable and progressive; Company B believes that the concrete market demand in Hubei is still under contraction pressure, and will continue to maintain the existing market position, increase the proportion of cash orders, focus on reducing the scale of accounts receivable, and improve business profitability.
