Cement stocks generally rose today. As of press release, China Resources Building Materials Technology (01313) rose 5.34% to HK$1.38; China Building Materials (03323) rose 4.81% to HK$3.05; and Asia Cement (00743) rose 3.48% to HK$2.08.
The Zhitong Finance App learned that cement stocks generally rose today. As of press release, China Resources Building Materials Technology (01313) rose 5.34% to HK$1.38; China Building Materials (03323) rose 4.81% to HK$3.05; Asia Cement (00743) rose 3.48% to HK$2.08; and Western Cement (02233) rose 2.42% to HK$1.27.
According to the news, according to the cement network, the National Cement Price Index (CEMPI) was 104.8 points in early April and closed at 108.1 points at the end of the month, up 2.51% from the previous month and down 20.36% from the previous year. At the end of April 2024, the average price of P.O42.5 bulk cement nationwide was 328.17 yuan/ton, up 2.51% month on month and 20.36% year on year. There were 17 provinces (cities) where prices rose month-on-month during the month.
Hualong Securities previously pointed out that judging from real estate policies, favorable real estate policies have continued to be introduced since 2023, which is expected to push the real estate market back to the bottom. From the infrastructure side, the issuance of 3.9 trillion yuan of special bonds and 1 trillion yuan of special treasury bonds is expected to support cement demand. Looking at the short term, cement prices are expected to rise in various regions, which is expected to drive the cement industry's profitability to increase. Follow-up attention will be paid to the implementation of price increases.