China Communications Construction Signs Purchase Agreement with Qilianshan Cement

2024-04-16 09:22:18

The annual cap for this transaction is determined based on the current market price of cement and cement products (330 yuan/ton ~ 360 yuan/ton) and the construction plan of China Communications Construction in 2024 and the demand for related products.

Recently, China Communications Construction announced that it had signed a framework agreement with Qilianshan Cement Group to purchase products, establishing an annual trading cap of RMB 400 million.

According to the announcement, the continuing connected transactions between China Communications Construction and Qilianshan Cement Group are based on the business needs of both parties and market conditions. The annual caps for this transaction are determined based on the current market price of cement and cement products (330 yuan/ton ~ 360 yuan/ton) and the construction plan of China Communications Construction in 2024 and the demand for related products.

It is forecast that China Communications Construction will need about 1.1 million tons of cement and cement products during the year, and Qilianshan Cement Group's current production capacity can meet this demand. The annual cap also takes into account the possibility of unexpected demand growth, providing a buffer for both sides.

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Correlation

China Communications Construction Signs Purchase Agreement with Qilianshan Cement

The annual cap for this transaction is determined based on the current market price of cement and cement products (330 yuan/ton ~ 360 yuan/ton) and the construction plan of China Communications Construction in 2024 and the demand for related products.

2024-04-16 09:22:18

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Including 14 cement enterprises, Jiangsu Province issued a list of key units in the carbon emissions trading market in 2027.

Recently, the Department of Ecology and Environment of Jiangsu Province announced the list of key emission units in the national carbon emission trading market in Jiangsu Province in 2027. A total of 262 subjects were included in the control, of which 14 were selected from the cement sub-industry, distributed in Nanjing, Wuxi, Xuzhou, Changzhou, Yancheng and Zhenjiang, including Nanjing Zhonglian Cement, Jiangsu Xinning New Building Materials, China Cement Plant, etc. The announcement of the list means that the relevant cement enterprises will be included in the quota management and performance scope of the national carbon market in 2027.