Tianfeng Securities Research Report said that in terms of cement, most provinces in the north have already begun implementing production during the heating season. More than 85% of clinker lines have been shut down. Last week, various provinces announced plans to stop kilns for 13 to 15 days in the Yangtze River Delta region; under environmental pressure, Hunan plans to shut down kilns for one month in December. Overall, the bottom of cement has strong profit support. In the short term, the bottom of cement has strong profit support. In 2025, leading companies began to replace and supplement production capacity by a total of 52.5 million tons and withdrew from production capacity by 52.5 million tons. 10,000 tons, 2025 The policy side mainly leaves a window for overproduction cement companies to make up targets. Tianfeng Securities believes that the effects of actual overproduction control are expected to begin to show in 2026.

Tianfeng Securities Research Report said that in terms of cement, most provinces in the north have already begun implementing production during the heating season. More than 85% of clinker lines have been shut down. Last week, various provinces announced plans to stop kilns for 13 to 15 days in the Yangtze River Delta region; under environmental pressure, Hunan plans to shut down kilns for one month in December. Overall, the bottom of cement has strong profit support. In the short term, the bottom of cement has strong profit support. In 2025, leading companies began to replace and supplement production capacity by a total of 52.5 million tons and withdrew from production capacity by 52.5 million tons. 10,000 tons, 2025 The policy side mainly leaves a window for overproduction cement companies to make up targets. Tianfeng Securities believes that the effects of actual overproduction control are expected to begin to show in 2026.