Weekly Report of Cement Net: Weak Demand for Concrete in Northeast China, Poor Implementation of Raw Material Push (9.23-9.27)

2024-09-27 16:55:43

The demand for concrete in Northeast China is weak, and the implementation of raw materials is not good.

China Cement Net Market Data Center News: The demand for concrete in Northeast China is weak, and the implementation of raw materials is not good (more prices for commercial mixing in Northeast China)

. At present, the terminal demand in Northeast China is weak, and the shipments of enterprises are relatively light. Despite the announcement of the price increase of raw cement last week, the actual implementation was not good, and the acceptance of the price increase by the mixing station was not high. This week, the price of concrete remained relatively stable, the market volatility was small, and the overall operation remained in a relatively stable state.

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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.