On June 1, China National Building Material fell 5.08% in regular trading, trading at 5.04 HKD/share, with trading volume of approximately 206 million HKD. The decline came after the stock had posted roughly 5% gains in each of the two prior trading sessions.
On the news front, the cement industry continues to face significant fundamental headwinds. Among 19 listed cement companies, only 6 achieved profitability in Q1, with some industry leaders reporting single-quarter losses exceeding 1 billion yuan. National clinker capacity utilization remains below 50%, with many production lines in full or partial shutdown. Cement inventory-to-capacity ratio rose to 68.2% in May, up 4.1 percentage points year-over-year. Real estate development investment declined 13.7% YoY during January-April, while infrastructure investment growth decelerated, undermining cement demand. Although enterprises have expressed strong pricing intentions amid cost pressures from rising coal prices, the market remains skeptical about the sustainability of price hikes given persistent demand weakness and elevated inventories.
(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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