Weekly Report of Cement Network: Northwest demand is weak, and there is no significant change in the concrete market (3.04-3.08)

2024-03-08 11:24:40

Demand is weak, and there is no significant change in the concrete market..

China Cement Net Market Data Center News: Demand is weak, and there is no significant change in the concrete market for the time being.. (More Northwest Commercial Mixed Prices )

The market demand in Gansu is weak, and the recovery is obviously slow. Although the price of raw material cement in many places began to rise this week, the market demand is still recovering, the overall performance is slightly general, and the concrete market is temporarily stable. The speed of demand recovery in Shaanxi is also relatively slow, and weather and other factors have an impact on the construction in Guanzhong and southern Shaanxi. Demand in Ningxia, Qinghai and Xinjiang has recovered steadily for the time being, most manufacturers have only sporadic shipments, and there is no significant change in this week's quotation.

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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.