Cement Network Weekly Report: Concrete Raw Materials in Some Areas of North China Try to Push Up (10.7-10.12)

2024-10-12 15:40:02

Concrete raw materials in parts of North China try to push up..

China Cement Net Market Data Center News: Concrete raw materials in some areas of North China try to push up (more North China commercial concrete prices)

Beijing-Tianjin-Hebei region concrete demand is general, the overall price is weak and stable. After the National Day holiday, the price of raw material cement in Shijiazhuang area has been pushed up by 50 yuan/ton, but the local environmental protection situation is grim, the construction site is general, and the actual price implementation needs further observation. The concrete market in

Shanxi has shown a steady development trend. Although the market competition is fierce, the overall supply and demand are balanced and the price trend is relatively stable. The concrete market in Inner Mongolia will continue to maintain a stable development trend, with stable price trend and balanced supply and demand.

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Correlation

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.