Jingu financial news: Building material cement stocks all fell, as of the publication deadline, Shanshui Cement (00691) fell by 5.88%, Dongwu Cement (00695) fell by 5.29%, CNBM (03323) fell by 3.56%, CR Building Material Technology (01313) fell by 3.55%, Huaxin Cement (06655) fell by 3.16%, Conch Cement (00914) fell by 2.48%.
In addition, Ta Kung Pao International stated that since 2024, due to the real estate market still being in a deep adjustment phase, coupled with the continuous slowdown in infrastructure investment growth, the overall demand for the cement industry is weak. Domestic cement prices show a trend of "hovering at low levels and shaking back up", with industry profits running at the bottom and waiting for supply improvements. It is expected that in the fourth quarter of 2024, under the expectation of the cement industry actively carrying out industry self-discipline and off-peak production, the cement price level may be restored within a certain range. However, due to the continuous low demand, it is expected that the rebound momentum of cement prices will be insufficient, and caution should be maintained in expectations for industry profitability.
