Cement Weekly: The market in East China is under great pressure of competition, and the price of concrete is rising fatigue (10.21-10.25)

2024-10-25 16:49:34

The pressure of market competition in East China is greater, and the rise in concrete prices is fatigue..

China Cement Net Market Data Center News: The market in East China is under great pressure of competition, and the price of concrete is rising fatigue.. (More Northwest Commercial Mixed Prices)

Jiangsu, Zhejiang, Shanghai and Anhui: Recently, Jiangsu, Zhejiang and Shanghai generally ushered in sunny weather. Compared with the previous period, the market demand has obviously warmed up, coupled with the rising prices of raw materials such as coal, the industry expects that the price of concrete will show an upward trend. Prices in Anhui remained generally stable this week, and market demand remained between 6 and 7 of the normal level.

Shandong: The recent weather conditions are good, but the basic demand is still weak, the actual shipments of most enterprises have not improved significantly, so the overall price remains stable. The market demand in Henan is relatively stable, and most of the prices remain unchanged this week.

Fujian: Due to the shutdown or equipment maintenance of some enterprises in Longyan, the inventory was generally tight. After the cement price in Fujian was pushed up by 20 yuan/ton again around the 20th, the cement price in Xiamen and Zhangzhou was pushed up by 10 yuan/ton again on the 23rd. Driven by the increase in the cost of cement and the increase in the volume of goods pulled by mixing station enterprises compared with the previous period, commercial mixing enterprises in Xiamen, Zhangzhou and other areas have recently slightly increased the price of concrete by about 5 yuan/ton, and the overall market quotation has an upward trend.

Jiangxi: Concrete prices in Jiangxi remained stable as a whole this week, but there may be slight differences between different regions. In the raw material market, the cement market was relatively stable this week, and there was no significant fluctuation in price. At present, the mainstream market quotation of C30 non-pumping tax is about 300-360 yuan per square meter.

All can be viewed after purchase
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.