Understanding the Market | HUAXIN CEMENT surged 85% yesterday and fell over 15% today. The Yaxia Hydropower Project will significantly boost cement demand in the Tibet region
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HUAXIN CEMENT's stock price surged 85% yesterday and has since fallen over 15%, currently down 13.87% at HKD 16.02, with a trading volume of HKD 3.31 billion. The Yarlung Tsangpo River downstream hydropower project commenced on July 19 and is expected to significantly boost cement demand in the Tibet region, with HUAXIN CEMENT set to be the biggest beneficiary. The total investment for the project exceeds 1.2 trillion yuan, with anticipated cement demand reaching 20 to 30 million tons. Tibet Tianlu, as a local leading enterprise, will also benefit from this project
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