Cement stocks collectively fell, as of press time, China Resources Building Materials Technology (01313) fell 4.84%, to HKD 1.77; West China Cement (02233) fell 2.78%, to HKD 1.05; Huaxin Cement (06655) fell 1.65%, to HKD 7.76; China National Building Materials (03323) fell 1.18%, to HKD 2.52.
According to the Zhitong Finance and Economics APP, cement stocks collectively fell, as of press time, China Resources Building Materials Technology (01313) fell 4.84%, to HKD 1.77; West China Cement (02233) fell 2.78%, to HKD 1.05; Huaxin Cement (06655) fell 1.65%, to HKD 7.76; China National Building Materials (03323) fell 1.18%, to HKD 2.52.
Ping An Securities released a research report, stating that in the medium to long term, the cement industry is unlikely to reverse course with uncertain demand. But from an investment perspective, leading companies have shown a positive shift in attitude and have actively suspended production and raised cement prices during the industry's off-season. The current implementation is relatively good, and considering the expected demand rebound in the second half of the year, it is determined that cement prices and profits have reached a temporary bottom, with the possibility of further improvement in the future.
According to data from the Digital Cement Network, cement companies in Hefei and other parts of East China raised cement prices by RMB 20 per ton on July 16th, the second successful price increase in East China since June. In addition, Guangdong companies have also recently raised cement prices by RMB 20 to 25 per ton, marking the second round of price increases. Although the weather deteriorated again in July, the bank still expects prices to remain at this level until the end of peak season. Lyon is optimistic that cement prices in the second half of the year will rebound to the level of the first half of last year. However, due to continuous heavy rainfall in many regions, especially in southern China, it is believed that there is limited room for further price increases.