水泥股涨幅居前 行业维护利润的意愿显著增强 旺季提价时点有望较去年提前

Group 1 - Cement stocks have shown significant gains, with Huaxin Cement rising by 4.02% to HKD 13.99, Conch Cement increasing by 3.47% to HKD 23.86, Dongwu Cement up by 3.07% to HKD 4.03, and China Resources Cement Technology rising by 1.6% to HKD 1.91 [1] - The China Cement Association released a document on July 1 responding to anti-involution policies, which is expected to promote better enforcement of production limitation policies [1] - Mid-term outlook suggests that cement industry capacity is likely to continue declining under the production limitation policies, leading to a significant increase in capacity utilization [1] Group 2 - Currently, the cement industry is experiencing a low demand and price season, but it is anticipated that demand will recover in August, leading to gradual price increases [1] - Dongwu Securities indicates that the consensus on supply self-discipline in the cement industry is expected to strengthen further, with the annual profit center likely to be better than last year [1] - Despite fluctuations in demand and temporary supply-demand imbalances in Q2, the willingness to maintain profits among leading enterprises has significantly increased, suggesting that the rebalancing of supply and demand will occur sooner than last year [1]