Cement Net Weekly: Northeast Concrete Market Activity Declines … … （10.14-10.18）

2024-10-18 16:33:27

The activity of the concrete market in Northeast China has declined.

China Cement Net Market Data Center News: Northeast Concrete Market Activity Declines … …

With the passage of the season, the market demand for concrete in Northeast China has entered the final stage. The drop in temperature has had a certain impact on site construction activities, resulting in a contraction in demand for rush work and a light overall market performance.

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Correlation

CEMPI

133.77

+0.03 +0.02%

CONCPI

112.35

-0.15 -0.13%

CLKPI

141.57

+0.39 +0.28%

SPPI

50.58

-0.05 -0.10%

MORPI

80.53

+0.10 +0.12%

Subscribe 183 million shares! Conch Cement will become the second largest shareholder of Western Construction!

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.