Cement industry profits soared

The Ministry of Industry and Information Technology released cement, electrolytic aluminum and other industries in the first half of the year, including cement, which achieved a profit of 35.2 billion yuan from January to May, up 170% year-on-year; and the electrolytic aluminum industry is still struggling, due to low prices and costs. Ascending, aluminum smelter profits fell by 23.6% from January to May. Affected by this news, the overall growth of the cement sector was evident in the context of the slight decline in the broader market yesterday.

According to the analysis of the Ministry of Industry and Information Technology, the rapid growth of cement production is mainly due to the rapid growth of investment in fixed assets (especially real estate investment), while the increase in prices has benefited from strong market demand, due to power outages, production cuts and other reasons, the lack of operating capacity of cement companies, at the same time The elimination of backwardness also gives market space to existing capacity.