Cement stocks generally rose today. As of press release, Western Cement (02233) rose 6.54% to HK$1.14; Asia Cement (00743) rose 3.83% to HK$1.9; and China Resources Building Materials Technology (01313) rose 3.64% to HK$1.14.
The Zhitong Finance App learned that cement stocks generally rose today. As of press release, Western Cement (02233) rose 6.54% to HK$1.14; Asia Cement (00743) rose 3.83% to HK$1.9; China Resources Building Materials Technology (01313) rose 3.64% to HK$1.14; and China Building Materials (03323) rose 1.77% to HK$2.87.
According to the news, according to the cement network, the National Cement Price Index (CEMPI) closed at 107.8 points on April 19, up 1.69% from the previous month and 22.24% from the previous year. Demand in the northern region is still relatively average, and the pressure on manufacturers' inventories is high. Many provinces have begun to step up their efforts at the wrong peak; shipments from enterprises in the southern region are weak and improving, while the rest of the region is still actively driving up, and the rest of the region is weak. Overall, the national cement price market continues to rise, but the foundation is not strong, and there is a high risk of falling back.
Hualong Securities 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. According to data from cement think tanks, starting April 10, various regions have announced price increases of 30 yuan/ton. As of April 15, enterprises in different regions have implemented prices ranging from 10-30 yuan/ton, which is expected to drive the profitability of the cement industry to increase, and follow up on the implementation of price increases.