Goldman Sachs maintains a bearish view on building-related raw materials, including cement.
According to the Smart Finance app, Goldman Sachs released a report predicting that it would downgrade its investment rating for China Coal Energy's H shares (01898) to "neutral" and upgrade its investment rating for MMG (01208) to "buy". The bank also lowered its forecast for steel, coal, cement, lithium, and pulp and paper stocks, and raised its expectations for aluminum and copper. The bank prefers copper and flat steel, and maintains a bearish view on building-related raw materials, including cement. At the same time, it is bearish on lithium due to oversupply.