[Opportunity mining]Cement companies in many places issue price increase notices and downstream demand will continue to increase_ Securities Times Network

According to China Cement Network, since March 1, many cement companies in Zhejiang and Jiangsu have issued notices to raise the price of cement by 30 yuan to 40 yuan per ton. Companies in Shandong, Shanxi and other places have also frequently raised prices recently. Since the Lunar New Year, the price of clinker in the Yangtze River Delta has risen for three consecutive times, with a cumulative increase of 80 yuan / ton; the price of clinker in the Pearl River Delta region has also ushered in two rounds of increases, with a cumulative increase of about 60 yuan / ton. According to market feedback, as the weather improves, market demand is recovering faster.

Guohai Securities believes that from the macro perspective: infrastructure construction is the primary starting point for the current economic stabilization, and the work reports of the provincial and municipal governments have clearly defined specific goals for traditional infrastructure such as transportation construction, water conservancy projects, and urban pipeline network construction, forming support for cement demand. . In addition, the policy of energy conservation and carbon reduction continues to be promoted. The “Guidelines for the Implementation of Energy Conservation and Carbon Reduction Transformation and Upgrading in the Cement Industry” clearly requires that by 2025, the proportion of clinker production capacity above the energy efficiency benchmark level in the cement industry will reach 30%, and the clinker production capacity below the energy efficiency benchmark level will reach 30%. Basically cleared, the industry’s energy saving and carbon reduction effect is remarkable, and the green and low-carbon development capacity has been greatly enhanced. The continuous promotion of energy conservation and carbon reduction policies is conducive to promoting energy conservation and carbon reduction of cement manufacturers, optimizing the industry supply structure, and enhancing the competitive advantage of leading industries. Fundamentals: As infrastructure projects resume construction one after another, the downstream demand for cement will continue to increase. In the short term, despite the slow recovery of downstream demand at the beginning of the market, driven by rising costs, cement prices in various regions have an obvious upward trend. Currently, we recommend Conch Cement and Shangfeng Cement, the leaders in the cement area, and focus on Huaxin Cement and Tianshan.