CITIC Securities: It is expected that this year’s imported cement clinker will have a weaker impact on the domestic peak season price increase elasticity |

Summary

[CITIC Securities: It is expected that the impact of imported cement clinker this year on the domestic peak season price increase elasticity will be weak]CITIC Securities believes that in recent years, due to the supply-side reform of the cement industry, my country has changed from a cement exporting country to a cement importing country. Affect the elasticity of price increases during peak seasons. Considering that Vietnam (accounting for 80% of my country’s total imports) FOB has reached its domestic enterprise cost price, the existing excess capacity volume accounts for a small proportion of my country’s coastal cement demand. This year’s ocean freight rates have increased significantly, and my country’s requirements have been strengthened. As for the inspection and supervision of cement clinker, it is expected that this year’s imported cement clinker will have a weaker impact on the domestic peak season price increase elasticity. Recommend Huaxin Cement and Conch Cement. (Securities Times Network)

Securities Times Internet News,CITIC SecuritiesIt is believed that in recent years, due to the supply-side reform of the cement industry, which has increased domestic prices, my country has changed from a cement exporting country to a cement importing country, which has affected the elasticity of price increases during peak seasons to a certain extent. Considering that Vietnam (accounting for 80% of my country’s total imports) FOB has reached its domestic enterprise cost price, the existing excess capacity volume accounts for a small proportion of my country’s coastal cement demand. This year’s ocean freight rates have increased significantly, and my country’s requirements have been strengthened. As for the inspection and supervision of cement clinker, it is expected that this year’s imported cement clinker will have a weaker impact on the domestic peak season price increase elasticity.recommendHuaxin Cement、Conch Cement。

(Source: Securities Times Net)

Article source: Securities Times

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Original title: CITIC Securities: It is expected that the impact of imported cement clinker this year on the domestic peak season price increase elasticity will be weak