[原创]中美洲:垄断造就水泥超高价格

2015-09-18 15:30:52

2014年,中美洲经济在拉美地区表现一枝独秀,区域项目投资活跃,水泥需求受到支撑。中美洲人均水泥产能低于全球(剔除中国)平均水平,有着增长潜力,豪瑞和西麦斯是中美洲产能最大的企业,目前还依然在扩张产能,各国企业数量少造成了企业垄断的市场局面,水泥价格远超全球平均水平。

一、人口与经济

  中美洲(Central America)即墨西哥以南、哥伦比亚以北的美洲大陆中部地区,包括危地马拉、伯利兹、萨尔瓦多、洪都拉斯、尼加拉瓜、哥斯达黎加和巴拿马7个国家,2014年总人口4987.7万人,其中危地马拉和洪都拉斯人口最多,两国总人口占中美洲总人口的52%以上,伯利兹人口最少,不足35万。

图1:中美洲七国人口比重情况

资料来源:世界银行,中国水泥网,中国水泥研究院

  2014年,中美洲各国经济发展速度领先拉美地区。从具体数据看,2014年拉美和加勒比海地区经济增长1.1%,为2009年来最低增速,与2013年持平,而中美洲各国中,巴拿马2014年经济增长6.16%,尼加拉瓜2014年经济增长4.7%,危地马拉增长4.24%,均远远超过拉美平均水平。根据国际货币基金组织数据显示,2015年中美洲七国平均经济增长预计将达3.76%,而拉美平均增长速度预计仅为0.9%。活跃的投资项目是支持中美洲各国经济在拉美地区“一枝独秀”的重要原因。尼加拉瓜大运河于2014年12月开工建设,预计2020年投入使用,这对解决该国贫困问题带来帮助。

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Correlation

In the long run, the core factor restricting the rise of cement price lies in the serious overcapacity. At present, the real utilization rate of clinker production capacity has reached a new low level in recent years, and the problem of excess contradiction is extremely acute. Only by taking effective measures to resolutely reduce production capacity and solve the persistent illness, can cement price be guided to return to the normal level.

2024-09-20 11:03:39

Tianfeng Securities Research Report shows that with the arrival of the peak season in September, the progress of special bonds and special bonds at the infrastructure end has been accelerated and major local projects have been started, and the demand for cement is expected to pick up. Recently, the cement shipment data continued to recover, and the price side also rose synchronously. At present, most cement enterprises are still in a state of loss. With the strengthening of industry supply self-discipline, the superimposed demand is expected to improve marginally, and the industry profit center is expected to be lifted.

2024-09-19 10:18:37

This article is selected from Song Zhiping's book "Reform Heart Road", which describes his motivation and effect of restructuring cement in those years, and has been published by China Cement Network. Recently, there has been a call for restructuring and mergers and acquisitions in the cement industry. Reviewing this old article may have the effect of reviewing the old and learning the new, encouraging the industry to promote a new round of restructuring, and solving the persistent problems of the industry.

2024-09-16 10:19:30

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2024-09-13 16:07:12

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2024-09-13 13:55:48

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2024-09-12 09:09:57

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2024-09-10 17:04:29

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2024-09-06 10:01:57

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2024-09-04 15:34:06

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2024-09-03 09:43:58

In the first half of 2024, Conch Cement realized an operating income of RMB45.566 billion, representing a year-on-year decrease of 30.44%, and a net profit attributable to parent company of RMB3.326 billion, representing a year-on-year decrease of 48.56%.

2024-08-30 14:56:13

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2024-08-27 11:20:44

Pursue quality management and effective development, reduce production and consumption intensity, and reduce ineffective supply.

2024-08-02 13:05:35

We will jointly discuss and analyze the practice path of ultra-low emission in the cement industry, and promote the industry to move towards a more energy-efficient and environmentally friendly future.

2024-07-23 18:02:53

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2024-07-23 16:45:00

It has vigorously promoted "eliminating backwardness, optimizing layout, upgrading technology and eliminating a large number of backward production capacity" and achieved remarkable results.

2024-07-23 14:51:01

European cement prices may exceed 250 euros/ton.

2024-07-17 16:03:36

"Integrated transformation and development, overseas development, new building materials business development, traditional industry + digital innovation".

2024-07-02 10:27:00

"Wa Stone" implies the spirit of Nuwa mending the sky and the quality of five-color stone. Wei Huashan said: "The name of Queshi Group is to show the pragmatic spirit of constantly surpassing oneself, vigorous progress and down-to-earth."

2024-07-02 10:02:35

Huaxin Cement has formulated the action plan of "improving quality, increasing efficiency and emphasizing returns" in 2024, aiming at implementing the spirit of the Central Conference, responding to the initiative of the Shanghai Stock Exchange, improving the company's quality, investment value and market competitiveness, optimizing its operation and governance, actively returning investors and creating a good image of the capital market.

2024-07-01 17:06:15

Green is the background of high-quality development of cement industry.

2024-06-18 14:36:10

Strict implementation of off-peak production is an important reason for the rise of local cement prices.

2024-06-18 09:51:24

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2024-06-13 16:36:33

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2024-06-07 16:28:47

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2024-06-06 10:46:54

By the end of 2025, the proportion of production capacity above the benchmark level of energy efficiency in cement and ceramics industries will reach 30%, that of production capacity above the benchmark level of energy efficiency in flat glass industry will reach 20%, and that of production capacity below the benchmark level of energy efficiency in building materials industry will be completed or eliminated.

2024-05-29 20:21:02

Taiwan's cement industry has experienced a complete life cycle from germination, growth, prosperity to recession. Study Taiwan cement industry from the development since demand drops period, have draw lessons from a meaning very much to market of current mainland cement.

2024-05-28 11:53:23

Chang An-ping believes that now, 200 years after the invention of Portland cement, there are only two kinds of cement industries left: those who are still waiting to see, those who are still fighting for production, and those who are looking forward to tomorrow, those who are determined to go all the way.

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In January-April 2024, cement sales in Brazil increased by 0.2% year-on-year. Among them, Brazilian cement sales in April were 5.148 million tons, an increase of 12.1% compared with the same period last year.

2024-05-22 14:52:39

According to incomplete statistics, there are about 34 listed companies developing commercial mixing business in A-share motherboard, Hong Kong stock and Taiwan stock, of which 8 companies take commercial mixing as their main business.

2024-05-21 17:09:01

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2024-05-21 10:02:19

On May 2, 2024, Brazilian steel company CSN signed an exclusive agreement with InterCement..

2024-05-21 09:50:39

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2024-05-20 10:06:04

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2024-05-17 09:51:48

Layoffs reduce costs, but can they really increase efficiency?

2024-05-15 14:41:02

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2024-05-07 09:20:19

After the completion of the transaction, Jidong Cement holds 100% equity interest in China-Africa Building Materials.

2024-04-28 17:33:55

Recently, a number of cement listed companies have been surveyed by institutions and expressed their views and judgments on the market trend this year.

2024-04-18 11:15:12

In the downward cycle of demand, price is the basis of share and sales volume. The price of sacrifice can be compared with the cost reduction. If the cost is reduced by 20 yuan and the price is reduced by 100 yuan, can the benefit recover?

2024-04-16 09:26:17

The key to determine the efficiency of the industry is the supply structure and enterprise behavior.

2024-04-07 16:00:37

Zheng Jianhui expects cement demand to decline by at least 3% in 2024.

2024-04-03 15:12:49

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2024-04-03 13:58:22

In 2024, what are the development plans and layouts of the major cement enterprises in the market? According to the annual report of the enterprise, the following are arranged..

2024-04-03 13:45:12

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