Slight improvement in rates in a balanced market.
The average price of cement this week reached 4,162 eights per kg with an increase of 1.2% and offset part of the previous week's drop. The base price also reached 4,003 tomans with an increase of 2.2%; Compared to the average of the first half of the year, the transaction rate is 28% higher and the base rate is 35% higher. Therefore, a decrease in competition does not necessarily mean a decrease in demand; Part of it is due to the proximity of the base price to the transaction rate. The scope of supply also decreased by 3% and reached 771 thousand tons. In different regions, Kerman and Mometasane Kerman still have better conditions with competition of 20% and 19%, while the rates of Mazandran and Shahrod decreased by 5% and 3%; It seems that the onset of cold has affected the demand of northern and cold regions. Overall, industry rates are stable for now, and in the colder months, the state of exports alongside domestic sales may further differentiate companies' performance. We will soon publish the analysis of most of the cement companies on the channel.
value investment.
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