On June 10, China National Building Material (03323.HK) fell 5.07% in regular trading, trading at HKD 4.87/share, with trading volume of HKD 96.68 million. The stock retreated sharply after a 13.84% rebound the previous session.
On the news front, cement industry fundamentals remain under sustained pressure. Data shows that January-April national cement production declined 8.6% year-over-year, new housing starts fell 22%, and real estate development investment dropped 13.7%. In May, some regions attempted exploratory price increases, but execution fell short of expectations and cement prices continued weakening. Galaxy Securities noted that high coal costs may prompt further pricing attempts in June, but weak end-user demand will constrain upside, with short-term cement prices expected to remain soft.
Industry-wide, 18 major listed cement companies posted a combined Q1 net loss of approximately RMB 1.452 billion, with 12 reporting losses and only 6 achieving profitability. Within the Construction Materials sector, West China Cement fell 11.11%, Conch Cement fell 1.75%, CR Building Material Technology fell 1.68%, and HX Building Materials fell 1.26%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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