Tianshan Stock Co., Ltd.: The overall fluctuation of cement price is expected to rebound in the fourth quarter

2026-08-31 10:23:29

Mainly affected by the following factors: First, the seasonal demand has improved, the fourth quarter is the traditional peak season for construction, and some of the "15th Five-Year Plan" projects have started, and it is expected that the demand in the fourth quarter will improve compared with the third quarter; Second, the supply constraints have been strengthened, North China, Chongqing and other regions have entered the winter peak period, and the policies such as superimposed capacity management have been accelerated, which helps to support the price.

Recently, Tianshan shares said in an exchange with investors that in the first half of 2026, the cumulative cement output in China was 736 million tons, down 8% from the same period last year, and the output was the lowest in the same period in recent years.

Looking forward to the second half of the year, with the continuous implementation of the steady growth policy, in order to ensure the smooth start of the 15th Five-Year Plan, fiscal investment is expected to increase, and demand in the second half of the year is expected to be slightly warmer than in the first half of the year.

In addition, cement prices in some regions in China have stopped falling and stabilized recently, and it is expected that cement prices will fluctuate and rebound in the fourth quarter as a whole.

Mainly affected by the following factors: First, seasonal demand improvement, the fourth quarter for the traditional construction season, part of the "15th Five-Year" project started, the fourth quarter demand is expected to improve compared with the third quarter; Second, supply constraints have been strengthened, North China, Chongqing and other regions have entered the winter staggered peak period, superimposed capacity management and other policies have been accelerated, and supply contraction has helped to support prices.

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Correlation

Mainly affected by the following factors: First, the seasonal demand has improved, the fourth quarter is the traditional peak season for construction, and some of the "15th Five-Year Plan" projects have started, and it is expected that the demand in the fourth quarter will improve compared with the third quarter; Second, the supply constraints have been strengthened, North China, Chongqing and other regions have entered the winter peak period, and the policies such as superimposed capacity management have been accelerated, which helps to support the price.

2026-08-31 10:23:29

The Company appointed Mr. Olivier Milhaud and Mr. Ming Jinhua as vice presidents of the Company. The term of office shall expire at the eleventh session of the Board of Directors.