Cement Net Weekly Report: Concrete Prices in Northwest China Remain Stable (10.14-10.18)

2024-10-18 17:17:47

China Cement Net Market Data Center News: Concrete Prices in Northwest China Remain Stable

China Cement Net Market Data Center News: The price of concrete in Northwest China remains stable.. (More prices of commercial concrete in Northwest China)

As the weather continues to improve and infrastructure construction projects accelerate, The supply and demand of concrete market in Shaanxi is relatively stable, and the price is still stable and weak. Demand in Qinghai and Ningxia has not changed much, and prices have remained stable. Gansu still relies on key projects, and the civil market demand is general. The market situation in Xinjiang is stable.

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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.