Stock Track | WestChinaCement Plummets 5.50% Intraday as Rainy Weather and Weak Real Estate Slow Demand Recovery

Stock Track03-23

WestChinaCement's stock plummeted 5.50% during intraday trading, reflecting broader declines in the cement sector.

The decline comes as widespread rainy weather in late March has slowed the recovery of domestic cement demand. According to industry data, while cement prices showed a slight sequential increase, they remain significantly lower year-on-year, with the national cement shipment rate down 13.20 percentage points compared to the same period last year.

Analysts note the structural characteristic of "strong infrastructure, weak real estate" remains prominent in the market. The real estate sector and related ready-mix concrete plants continue to perform weakly, acting as the primary factor dragging down overall shipment volume, with funding constraints cited as a core obstacle. Demand in the residential market shows divergence, with some anticipating price increases while others remain cautious due to weather conditions and sluggish demand.

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