报告指出，此举与疲软的季节性因素背道而驰，认为是标志着包括海螺水泥(00914)和中国建材在内的行业领先企业下半年将转变价格策略，将利润置于市场份额之上。另外，该行预计未来几个月华东市场的价格将继续上升。Citigroup has initiated a 30-day upward catalyst observation on CNBM (03323) in China building materials industry.
According to the report released by Citigroup, the rating of CNBM (03323) remains "buy" with a target price of HKD 4.00. It also starts a 30-day upward catalyst observation.
According to Cementchina.net, the cement and clinker prices in the Yangtze River Delta region will be raised by RMB 50 per ton on July 5th. The main reason for the price increase is industry self-discipline and off-peak production schedules. Plants will be suspended for 10 days respectively in July and August, reducing production by approximately 30%.
The report points out that this move goes against the soft seasonal factors and believes it signals that leading companies in the industry, including Conch Cement (00914) and CNBM, will shift their pricing strategy to prioritize profits over market share in the second half of the year. In addition, the bank expects prices in the Eastern China market to continue to rise over the next few months.
