According to the China Cement Network Market Data Center, in order to increase profits, major enterprises in Henan, Hunan, Yongzhou and Hengyang notified an increase in cement prices of about 15-30 yuan/ton on the 2nd. In addition, there are signs of loosening in the actual transaction price of cement in some markets in Guangdong, Guangxi and Hubei.
According to the China Cement Network Market Data Center, in order to increase profits, major enterprises in Henan, Hunan, Yongzhou and Hengyang notified an increase in cement prices of about 15-30 yuan/ton on the 2nd. In addition, there are signs of loosening in the actual transaction price of cement in some markets in Guangdong, Guangxi and Hubei.
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.
