Falling demand amid economic slowdown in mainland

Falling demand amid economic slowdown in mainland

The industrial is used to transfer the large size materials and granular materials from hopper to receiving device uniformly, periodically and continuously,also to screen the materials in the sand. It is widely used to match the crushing and sieving equipments in many industries including metallurgy, coal mine, mineral dressing, building material, chemical, grinding, etc.
Anhui Conch Cement (0914) spent four billion yuan (HK$4.88 billion) of proceeds from a bond issue on investment products that generated low yields, the Securities Daily reported.

The yield of the financial products was just 3.85 percent, compared with the bond interest rates of more than 5 percent offered by the firm, the report said.

Aggregate crushing operation is the processes of dealing and processing of nonmetallic mineral materials for construction industry. Nonmetallic mineral material will be first quarried or mined and then conveyed to the processing plant for further classification or further size reduction by aggregate crushing plant.
The mainland's biggest cement producer issued five-year and seven-year papers worth 9.5 billion yuan in May last year, with coupon rates at 5.08 percent and 5.2 percent, respectively.

It then used four billion yuan a month after that to buy three financial products, which generated 154 million yuan, or a total gain of 3.85 percent.

PEW is an advanced aggregate crusher spare parts which mainly used to crush mid hardness ores and rocks in Aggregate industry, mining, chemistry, cement making industry, construction, refractory, pottery and porcelain making for secondary and fine crushing. It is preferred to crush ores, rocks, slogs, etc, whose compressive strength is under 280Mpa. Maximum size of feed materials must be less than what is required according to the specifications.A Shanghai Stock Exchange report said: "Some firms may be making use of the advantageous financing platform of listed companies - such as using corporate and short-term financing bonds - to obtain cheap funds and selling them to earn the cost of carry." Meanwhile, China Resources Cement Holdings (1313) expects its gross margins to rise from 15-18 percent in July to 28-30 percent in the fourth quarter.

Chief executive Pan Yonghong said: "Cement prices fell 10.2 percent year on year due to falling demand amid the economic slowdown in the mainland, the halt of railway projects and the rains in the first half."

Pan expects cement prices to rise 10 percent to HK$340-HK$350 per tonne in this half, as railway projects resume and the property market recovers.