On July 5, Citi released a report stating that according to digital cement network, the prices of cement and clinker in the Yangtze River Delta will be raised by RMB 50 per ton on July 5. The main reasons for the price increase are self-discipline within the industry and off-peak production schedules. The plan is to suspend production for 10 days each in July and August, resulting in a production reduction of approximately 30%. The report pointed out that this move goes against the weak seasonal factors and is seen as a sign that leading companies in the industry, including Conch Cement and CNBM, will change their pricing strategies in the second half of the year, putting profits above market share. In addition, the bank predicts that prices in the East China market will continue to rise in the coming months. The bank maintains its "buy" rating on CNBM with a target price of HKD 4 and begins a 30-day upward catalyst observation.