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Market NewsChanges in Hong Kong stocks | cement stocks continue to decline. Cement output fell more in August.
Market NewsChanges in Hong Kong stocks | cement stocks continue to decline. Cement output fell more in August.Changes in Hong Kong stocks | cement stocks continue to decline. Cement output fell more in August.
格隆匯 09-21 10:44
Hong Kong cement stocks continued to fall on September 21, with China Resources cement falling 5.6%, recording four consecutive declines and refreshing low prices, conch cement down more than 4%, Chinese building materials down 3%, and Asian cement and Huaxin cement falling. Galaxy Securities pointed out that the cumulative national cement output from January to August in 2022 was 1.355 billion tons, down 14.20 percent from the same period last year, which was the same as the decline from January to July. Among them, monthly cement production in August was 188 million tons, down 13.10 percent from the same period last year, down 6.1 percent from July. Industry insiders pointed out that nationwide, cement production and sales have returned to more than 70% of the normal level. From the price point of view, there is a certain differentiation in cement prices due to the differences in the recovery of downstream demand and the different extent of price increase in the early stage.
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