Gelonghui, September 21, 丨 Hong Kong cement stocks continued to fall. China Resources Cement is now falling 5.6%, recording 4 consecutive declines and a new stage of low prices. Conch cement fell more than 4%, Chinese building materials fell 3%, and Asia Cement and Huaxin Cement followed suit.
Galaxy Securities pointed out that in January-August 2022, the country's cumulative cement production was 1,355 million tons, down 14.20% from the previous year, the same decline from January to July. Among them, the monthly cement production in August was 188 million tons, down 13.10% from the previous year, down 6.1 percentage points from July, and the decline increased.
Industry insiders pointed out that from a national perspective, cement production and sales have returned to more than 70% of normal levels. From a price perspective, cement prices in various regions have diverged to a certain extent due to factors such as differences in the recovery of downstream demand and the varying extent of price increases in the previous period.
