Conch Cement: Cement prices may be repaired to a certain extent in the second half of the year, and the industry will accelerate shuffling in the future.

2024-06-03 10:00:09

Conch Cement management said that the next step would be to look for opportunities in Africa, Latin America and the Middle East, hoping to hedge the reduction of domestic demand through further overseas distribution.

On May 30, the 2023 annual shareholders' meeting of Conch Cement was held in Wuhu, Anhui. The

management of Conch Cement said that based on the current business situation of the whole industry and the successive introduction of favorable policies, the company judged that the cement price would be repaired to a certain extent in the second half of the year, but the price might be repeated in the process of repair.

Although the current demand for cement has not improved significantly, favorable policies at the national level have been introduced around cement demand, carbon emissions, energy saving and consumption reduction. Conch Cement believes that the industry will speed up shuffling in the future, and backward production capacity will be gradually cleared.

On May 29, the State Council issued the Action Plan for Energy Conservation and Carbon Reduction from 2024 to 2025, which clearly requires that by the end of 2025, the national cement clinker production capacity should be controlled at about 1.8 billion tons. In the view of the management of Conch Cement, the control of the total amount of 1.8 billion tons of cement clinker is conducive to the overall development of the industry, and the control of the total amount has become a trend.

Regarding the issue of "going to sea" of cement enterprises concerned by investors, the management of Conch Cement said that the next step would be to look for opportunities in Africa, Latin America and the Middle East, hoping to hedge the reduction of domestic demand through further overseas layout.

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The Net Zero Industrial Awards recognize and celebrate outstanding innovation in industrial decarbonization, focusing on people and projects that are revolutionizing energy-intensive industries and dramatically reducing greenhouse gas emissions. Cemex 's Solar clinker project is in partnership with cleantech company Synhelion, which developed the high-temperature solar thermal technology it uses