Goldman Sachs turns more positive on China cement sector
Goldman Sachs previously viewed China cement sector more conservatively due to potential margin contraction risk, assuming cement producers unable to pass on rising raw material prices amid oversupply. But house now turning more positive as expects better supply/demand balance to lead to more sustainable cement prices; "We see more sustainable cement prices for regions with higher industry concentration rates and believe industry leaders with solid financials in each region could benefit from a future consolidation trend." Published under Cement News
