On November 12, Fan Zhan, director of Conch Cement Workers and head of Finance Department, said that in recent years, due to the continuous and deep adjustment of the real estate market, the growth rate of superimposed infrastructure investment has slowed down, the demand of cement industry has weakened, and the contradiction between supply and demand in the industry has been aggravated. As a result, the price of cement declined and was at a low level, resulting in a decline in the gross profit margin of the company's cement.
Looking forward to the future trend, the cement price is expected to be restored within a certain range under the expectation that the cement industry will actively carry out anti-involution in the industry, but the demand is expected to remain weak.
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