Group 1 - The core viewpoint is that the cement industry is expected to see a slight recovery in average prices and profit margins in 2025, despite ongoing demand decline due to the real estate sector not stabilizing and limited infrastructure support [1] - Cement production from January to September 2025 is projected to decrease by 5.20% year-on-year, with the average price in September dropping by 39.46 yuan per ton [1] - The industry is showing signs of profitability recovery due to normalized peak-shifting production and collaborative production limits, alongside policy-driven capacity replacement and carbon emission controls [1] Group 2 - The Building Materials ETF (159745) tracks the construction materials index (931009), which includes listed companies involved in cement, glass, ceramics, and other building materials, reflecting the overall performance of these securities [1] - The construction materials index exhibits strong cyclical characteristics and is closely related to the development of the real estate and infrastructure sectors, serving as an important indicator for observing market trends in China's building materials industry [1]
建材ETF（159745）涨超1.2%，水泥行业供需矛盾有所缓和
Mei Ri Jing Ji Xin Wen·2025-10-31 07:17