Equity Analysis /
China

CN : Cement - Cement prices continued to decline; CNBM parentco reported 35% net profit growth in 2020

    CGS-CIMB
    17 January 2021
    Published byCGS-CIMB

    The average price (nationwide) of 42.5 grade cement dropped to Rmb449/tonnelast week. The average coal price roseby Rmb3/tonne to Rmb596/tonnelast week. CNBM Group, the parent company of CNBM listco recorded 35% growth in net profit in 2020. Cement stocks under our coverage increased by 0.36%, on average, last week.