银河证券：季节性旺季来临有望推动水泥价格上调

Core Viewpoint - The cement industry in China is currently experiencing a seasonal downturn in demand, influenced by high temperatures and rainy weather, leading to decreased operational load of cement mills and high clinker kiln shutdown rates [1] Industry Summary - In August, the average price of cement was 271.67 yuan per ton, reflecting a month-on-month decline [1] - The demand for cement is expected to show seasonal recovery from September to November, which, combined with accelerated capacity reduction efforts, may help alleviate supply-demand imbalances and support cement prices [1] - Despite a decrease in clinker inventory, the industry still faces issues of oversupply [1]