By the end of February, the National Gravel Price Index (CSPI) closed at 83.51 points, down 0.98% annually and 2.60% year-on-year. The National Machine-made Sand Price Index (MSPI) closed at 87.33 points, down 1.14% annually and 5.89% year-on-year.
By the end of February, the National Gravel Price Index (CSPI) closed at 83.51 points, down 0.98% annually and 2.60% year-on-year. The National Machine-made Sand Price Index (MSPI) closed at 87.33 points, down 1.14% annually and 5.89% year-on-year.
Figure 1: Trend of national gravel price index (point) Figure 2: Trend of national machine-made sand price index (point)
Data source: cement big data (https://data.ccement.com/)
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%
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.
