Group 1 - Cement stocks experienced a significant decline in the afternoon, with China National Building Material down 4.62% to HKD 4.96, Anhui Conch Cement down 3.46% to HKD 22.88, Western Cement down 3.26% to HKD 2.97, and China Resources Cement Technology down 1.89% to HKD 1.56 [1][1][1] - According to Dongwu Securities, cement demand in southern regions showed a slight recovery in late November, while northern regions faced weakened demand due to colder weather, leading to a nationwide decrease in cement companies' shipment rates by approximately 0.5 percentage points [1][1][1] - Price adjustments were noted as several provinces' previous price increases failed to stabilize, resulting in price corrections in some areas and an overall downward trend in market prices [1][1][1] Group 2 - Ping An Securities indicated that the cement industry's prosperity is expected to weaken in 2025, with prices anticipated to peak and then decline, as cement production from January to October saw a year-on-year decrease of 6.7% [1][1][1] - Looking ahead to 2026, considering the current weak profitability of companies and the restrictions on overproduction, the supply-demand relationship in the industry may improve, with a slight recovery in cement profitability expected compared to the second half of 2025 [1][1][1] - The industry is advised to monitor the progress of consolidation while also considering the potential for price increases during peak seasons if daily overproduction is strictly limited [1][1][1]
港股异动 | 水泥股跌幅扩大 中国建材(03323)跌近5% 后期水泥价格或维持震荡调整走势