Weekly Report of Cement Net: The overall demand in East China is flat, and the price of concrete is mainly weak and stable (5.27-5.31)

2024-05-31 14:00:33

The overall demand is flat, and the price of concrete is weak and stable.

China Cement Net Market Data Center News: The overall demand is flat, and the concrete price is mainly weak and stable.. (more East China commercial mixed prices)

The overall market in Jiangsu, Zhejiang and Shanghai is mainly weak and stable. Recently, the market demand in Jiangsu has not improved significantly, the shipment volume of enterprises is not good, the sales pressure of some enterprises is still high, and the price is weak. The market demand in Zhejiang remained basically stable, and the shipment volume of enterprises was maintained at about 6-7% of the concrete price. During the week, there was basically no significant change in the price around the country, and the price has stabilized. Overall, the traditional off-season is coming, but as the new national standard is about to be launched, raw materials around the country are notifying price increases, concrete prices may be driven up by this, but there is no obvious sign of improvement in the terminal market demand, the specific situation still needs to be observed. The recent weather in

Anhui is still acceptable, some projects under construction have resumed, and the concrete shipment volume has rebounded slightly, but the impact of the current market capital problem is still there, and the demand for new projects in many places is insufficient, so it is expected that the concrete market will be stable and weak in the later period. Market demand is running in the off-season, coupled with the shortage of funds and other factors, in addition to some key projects in Shandong, the new start-up projects are relatively depressed, and the shipments of enterprises are poor.

Fujian: Since the middle of the year, there has been more rainy weather in Fujian, the shipment volume of enterprises is light, the inventory pressure of enterprises is high, and the market competition is fierce. In order to seize the off-season market share, the concrete price of some enterprises in Xiamen, Quanzhou, Zhangzhou and other places in southern Fujian has dropped slightly by about 10-15 yuan/ton. In addition, it is reported that in June, cement prices in Fujian may be pushed up, and concrete prices in the province will also be stable and strong.

Jiangxi: Recently, the price of raw materials in Jiangxi has been mixed, the price of cement in Northeast Jiangxi has been generally pushed up, and the price in Nanchang and other places has fallen. Demand is weak and enterprise shipments are poor. Under the overall influence, the concrete market is still relatively weak.

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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.