Cement stocks had the highest declines. As of press release, China Resources Cement (01313) fell 3.65% to HK$1.85; China Building Materials (03323) fell 2.7% to HK$3.61; and Conch Cement (00914) fell 2.31% to HK$18.64.
The Zhitong Finance App learned that cement stocks had the highest decline. As of press release, China Resources Cement (01313) fell 3.65% to HK$1.85; China Building Materials (03323) fell 2.7% to HK$3.61; Conch Cement (00914) fell 2.31% to HK$18.64; and Huaxin Cement (06655) fell 0.81% to HK$7.36.
Tianfeng Securities pointed out that in late November, demand in the domestic cement market weakened slightly month-on-month, and the northern region officially entered the off-season. The southern region was affected by factors such as a shortage of capital and a slump in real estate. Most enterprises shipped 5-80%. Due to lack of confidence in market maintenance, prices in many regions have declined, and cement prices will continue to fluctuate and adjust in the later stages. The bank believes that from a fundamental point of view, at the current price level, it is expected that it will be difficult for most enterprises in the industry to make a profit, and there is limited room for price reduction.