Core Viewpoint - The cement prices in the Pearl River Delta have been declining since May, with some varieties' ex-factory prices nearing the cost line, indicating limited potential for further decreases. The recent adverse weather conditions have also led to lower cement shipment volumes. However, it is expected that prices will stabilize and eventually rebound with the arrival of the traditional sales peak season [1]. Group 1 - Cement prices in the Pearl River Delta have been on a downward trend since May [1] - Some ex-factory prices are approaching the cost line, suggesting limited room for further declines [1] - Recent weather events, including typhoons and heavy rainfall, have negatively impacted cement shipment volumes [1] Group 2 - The expectation is that prices will stabilize and eventually rise as the traditional sales peak season approaches [1]