not vested
Cement prices stabilized as weather conditions improved; the average inventory level declined
The average price (nationwide) of 42.5 grade cement rose slightly to Rmb422/tonne last week.
The average coal price decreased by Rmb1/tonne to Rmb541/tonne last week.
China United Cement, a subsidiary of CNBM, reported 11% growth in operating profit in 1H20.
Cement stocks under our coverage rose by 8.36% on average last week.
Source: CIMB
https://rfs.cgs-cimb.com/api/download?f ... C204548646