Core Viewpoint - Cement stocks experienced a collective surge following the announcement of the "Building Materials Industry Stabilization and Growth Work Plan (2025-2026)" by the Ministry of Industry and Information Technology and five other departments, indicating potential for industry recovery and consolidation [1] Group 1: Market Performance - Huaxin Cement (06655) rose by 5.1% to HKD 15.26 - Western Cement (02233) increased by 5.1% to HKD 3.3 - China National Building Material (03323) climbed by 3.23% to HKD 5.44 - Conch Cement (00914) gained 1.56% to HKD 23.48 [1] Group 2: Policy Impact - The new policy aims to implement a capacity replacement scheme for excess project filings by the end of 2025, which is expected to reduce clinker capacity by 10% [1] - The industry is anticipated to see accelerated price recovery as a result of these measures, alongside increased market consolidation among larger companies [1] Group 3: Industry Outlook - Guosheng Securities reported that the cement industry is still in a demand bottoming process, with companies enhancing production cut measures [1] - Cement prices are fluctuating around the industry's breakeven point, while the China Cement Association has issued guidelines to promote high-quality development and stabilize growth [1] - Large infrastructure projects are expected to boost regional demand in areas like Tibet and Xinjiang, with a focus on cost-advantaged leaders such as Conch Cement and overseas-focused Huaxin Cement [1]
港股异动 | 水泥股集体拉升 建材行业稳增长方案出台 业内预计水泥行业年内将减少10%熟料产能