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RTNominal down9.470 -0.020 (-0.211%)
Research Report

24/10/2019 10:32

{I-bank focus}CRC & Conch benefit from Liaoning's output cut

[ET Net News Agency, 24 October 2019] Nomura cited Chinese media reporting that
Liaoning province announced an off-peak production control for the heating season. All the
cement companies in the province should curtail production from 1 November 2019 to 31
March 2020.
For Dalian, the production curtailment period is from 5 November 2019 to 5 April 2020.
If the production curtailment is well executed in Liaoning, coupled with the overloading
ban, the research house expects further cement price hike in East and South China in 4Q,
on top of the 4Q traditional high season effect.
Nomura maintained its positive view on China cement sector; it prefers China Resources
Cement (01313) and Anhui Conch Cement (00914). (KL)

Remark: Real time quote last updated: 09/04/2020 17:59
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