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CITIC Securities: The cement industry has already reached the cyclical bottom of profitability. The supply side of the glass industry is expected to improve.
The cement industry has reached the bottom of its cyclical profitability. With the clearance of small and medium-sized production capacity, the improvement of supply pattern is expected to drive the recovery of profitability.
Anhui Conch Cement Schedules Key 2024 EGM
Ping An Securities: Cement prices actively increased during the off-season, paying attention to changes in the supply side.
Top enterprises have shown a positive attitude towards actively implementing kiln shutdowns and raising cement prices during the industry's off-season. Currently, the implementation situation is relatively good, while also considering the expected demand to recover in the second half of the year.
Preview of the mid-year report of the building materials industry by swhy in 24 years: demand is relatively sluggish, but there are still bright spots.
Major construction materials companies in the industry are expected to continue to be under pressure in the first half of 2024.
GTJA: Shifting the pricing policy improves the bottom price expectations for cement
Since mid-to-late May, multiple regions across the country have successively introduced staggered peak plans and promoted regional price recovery. Looking ahead, with the increase in coordination among enterprises within the regions, the execution intensity of staggered peaks is expected to increase and the market is expected to recover.
Guosen Securities: Macro data slightly rebounded in June, and the off-season cement prices continue to rise.
In June, cement production was 163.97 million tons, a decrease of 10.7% year-on-year. From January to June, the cumulative cement production was 850.47 million tons, a decrease of 10% year-on-year.
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