[Featured Stocks] Cement Shortage Predicted Due to War Impact... Related Stocks Surge
[Asia Economy Reporter Lee Seon-ae] Related stocks are collectively rising amid the predicted cement shortage due to the Ukraine crisis.
As of 9:46 AM on the 21st, Asia Cement is trading at 161,000 KRW, up 4.89% from the previous trading day. Early in the session, it surged to 164,000 KRW, marking a 52-week high.
Koryo Cement is trading at 4,485 KRW, up 1.70%. It rose to 4,520 KRW early in the session. Hanil Cement is at 19,700 KRW, up 1.29%, having surged to 20,500 KRW early in the session.
Due to Russia's invasion of Ukraine, the price of thermal coal used in cement production has soared, while domestic cement manufacturers' stockpiles are reportedly running low. For example, the price of Australian Newcastle coal with 6000 kcal reached a record high of $427.5 per ton earlier this month.
Hot Picks Today
"Two Spend 500,000 Won in a Flash, Yet Wait Two Hours?" ... 'Dreamland' Shunned by Kids and Foreign Tourists
- The Era of Getting 200 Million Won After 30 Years Is Over... A Japanese Bank's "Perpetual Department Head" Who Just Clocked In Cries Out
- Spain Hit by Its Worst Tragedy... Lee Kangin, Moreno and Real Madrid Join Soccer World in Mourning
- They Said, “Make It Your Home for Life” - Then Suddenly Kicked 200 Passengers Off... What Happened to the Around-the-World Cruise?
- "130 Rice Bowls Sold Out in a Day"... 'Unfiltered Face' Adds 8 Million Won to Night Market Sales: China's Bungeunwoo
With the prolonged Ukraine crisis expected, some companies are reportedly considering measures such as shipment restrictions in anticipation of a cement supply shortage.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
