The Zhitong Finance App learned that cement stocks fell again. As of press release, Dongwu Cement (00695) fell 7.06% to HK$2.37; China Resources Building Materials Technology (01313) fell 3.4% to HK$1.42; Western Cement (02233) fell 3.03% to HK$0.64; and China Building Materials (03323) fell 1.94% to HK$3.03.
China Galaxy released a research report saying that on the demand side, demand in the northern region has basically stagnated, and demand in parts of the south has slowed down due to rain. The operating load of cement mills across the country dropped slightly this week, down 2.17 pcts from last week. Subsequent, the cement industry as a whole showed a weak operating trend. Large areas of construction were stopped in the north, and demand in the southern market will gradually decrease as the temperature drops and the Spring Festival approaches.
In terms of price, cement prices declined slightly this week, mainly due to weak market demand. As subsequent demand gradually decreases, cement prices are still expected to decline. It is recommended to pay attention to market demand in the southern region.