Bullish Turn For Anhui Conch Cement, Price Increases Expected -- Market Talk

Dow Jones07-05

0427 GMT - Citi analysts anticipate a bullish turn for Anhui Conch Cement based on reports of a potential price increase for cement and clinker in the Yangtze River Delta by CNY50/ton this week. This hike, which comes amid lowered off-peak production schedules in a seasonally weak period, suggests a shift toward prioritizing profits over market share in 2H 2024 among key players like Anhui Conch and CNBM, they say in a note. The increase is in line with price moves in South China in June and Citi notes that market collaboration in East China is more challenging because many smaller players have easy access to markets. Citi maintains a buy rating on Anhui Conch, adding that they "expect continued price actions in the East China market in the coming months." (rthvika.suvarna@wsj.com)

(END) Dow Jones Newswires

July 05, 2024 00:27 ET (04:27 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2449836287?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-05 12:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2449836287","market":"hk","top_or_hot":-1,"title":"Bullish Turn For Anhui Conch Cement, Price Increases Expected -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0427 GMT - Citi analysts anticipate a bullish turn for Anhui Conch Cement based on reports of a potential price increase for cement and clinker in the Yangtze River Delta by CNY50/ton this week. This hike, which comes amid lowered off-peak production schedules in a seasonally weak period, suggests a shift toward prioritizing profits over market share in 2H 2024 among key players like Anhui Conch and CNBM, they say in a note. The increase is in line with price moves in South China in June and Citi notes that market collaboration in East China is more challenging because many smaller players have easy access to markets. Citi maintains a buy rating on Anhui Conch, adding that they \"expect continued price actions in the East China market in the coming months.\" (rthvika.suvarna@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 05, 2024 00:27 ET (04:27 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bullish Turn For Anhui Conch Cement, Price Increases Expected -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBullish Turn For Anhui Conch Cement, Price Increases Expected -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-05 12:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0427 GMT - Citi analysts anticipate a bullish turn for Anhui Conch Cement based on reports of a potential price increase for cement and clinker in the Yangtze River Delta by CNY50/ton this week. This ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1135","symbol_name":"建筑材料","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2449836287","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2449836287","pubTimestamp":1720153620,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0427 GMT - Citi analysts anticipate a bullish turn for Anhui Conch Cement based on reports of a potential price increase for cement and clinker in the Yangtze River Delta by CNY50/ton this week. This hike, which comes amid lowered off-peak production schedules in a seasonally weak period, suggests a shift toward prioritizing profits over market share in 2H 2024 among key players like Anhui Conch and CNBM, they say in a note. The increase is in line with price moves in South China in June and Citi notes that market collaboration in East China is more challenging because many smaller players have easy access to markets. Citi maintains a buy rating on Anhui Conch, adding that they \"expect continued price actions in the East China market in the coming months.\" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"600585":"海螺水泥","BK1135":"建筑材料","BK0196":"行业龙头","BK0235":"非金矿物","BK0012":"证金概念","BK1594":"碳中和概念股","BK1505":"一带一路","00914":"海螺水泥","BK0015":"沪股通50","BK0187":"一线龙头","BK0188":"融资融券","BK0044":"CDM项目","BK1583":"高瓴概念","BK0028":"国家队","BK1563":"建材水泥股","BK0183":"MSCI概念","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","BK1507":"粤港澳大湾区"},"translate_title":"安徽海螺水泥看涨，涨价预期--市场谈","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600585":0.9,"00914":0.9},"content_text":"0427 GMT - Citi analysts anticipate a bullish turn for Anhui Conch Cement based on reports of a potential price increase for cement and clinker in the Yangtze River Delta by CNY50/ton this week. This hike, which comes amid lowered off-peak production schedules in a seasonally weak period, suggests a shift toward prioritizing profits over market share in 2H 2024 among key players like Anhui Conch and CNBM, they say in a note. The increase is in line with price moves in South China in June and Citi notes that market collaboration in East China is more challenging because many smaller players have easy access to markets. Citi maintains a buy rating on Anhui Conch, adding that they \"expect continued price actions in the East China market in the coming months.\" (rthvika.suvarna@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 05, 2024 00:27 ET (04:27 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2449836287"}