HK Stock Market Move | Cement stocks mostly rise, with cement prices starting to increase in many areas recently. Institutions are optimistic about the improvement in demand for the peak season in the industry.

The majority of cement stocks rose as of the deadline. DONGWU CEMENT (00695) rose 7.92% to HK$4.77, WESTCHINACEMENT (02233) rose 5.56% to HK$2.85, CNBM (03323) rose 3% to HK$5.5, and Anhui Conch Cement (00914) rose 0.62% to HK$22.68. On the news front, according to the data center of China Cement Network, major clinker line enterprises in the Yangtze River Delta region began staggered production for 12 days starting September 5. As a result, manufacturers' inventory pressure has eased, and coupled with generally low prices and serious losses for enterprises, there is a strong willingness to raise prices. Starting from the 17th to the 18th, some leading enterprises in the Yangtze River Delta region have begun notifying of a price increase of RMB 30/ton for cement and clinker, with the rest of the industry expected to follow suit in the coming days. In addition, Guangdong Tapai Group stated during institutional research that September marks the beginning of the traditional peak sales season, and cement prices in the Pearl River Delta have started to rise. Zhongjin points out that in August 2025, the national cement shipment rate averaged 45.2%, compared to 48.8% in the same period last year. In August, the year-on-year decline in cement production was 6.2% to 148 million tons, indicating continued weak demand in the off-peak season. As of September 12, the average price of cement in July-September 2025 was RMB 338/ton (RMB 376/ton in the third quarter of 24 years), but it is observed that cement prices have slightly rebounded from the low point in August. The national average cement price in September was RMB 338/ton, up +2 RMB/ton compared to the previous month. It is calculated that the gross profit per ton for cement enterprises in September was RMB 58/ton, up +3 RMB/ton compared to the previous month. It is expected that the industry demand will improve marginally after entering the peak season, and price increases will lead to a price rebound.