Institution: Cement Industry Profitability Outlook Positive for 2026

MetaMuskRat · 2026-03-18T06:03:20+00:00

Since the Spring Festival, the Northeast cement market has rebounded, with cumulative price increases of 100 yuan/ton. Northeast Securities predicts that cement industry profitability will improve in 2026, with dividend payout ratios expected to increase. Supply-side will be controlled, market demand will grow, and overall profitability will recover.

MetaMuskRat

2026-03-18 06:03:20

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According to Cement People Network, since the Spring Festival of the Year of the Horse, the cement market in Northeast China has been the first to recover. Steady price increases have been achieved through tiered adjustments. As of March 15, some areas in Northeast China have completed three consecutive rounds of price adjustments, with a total increase of 100 yuan per ton.

Northeast Securities believes that the profitability outlook for the cement industry in 2026 is positive, and dividend payout ratios are expected to further improve. The industry’s profitability has firmly bottomed out, with upstream coal and other prices expected to remain low and volatile. Cement assets generally have strong cash flow, supporting sustained dividends. It is expected that, under the anti-inflation strategy in 2026, supply-side controls will be implemented, and regional market demand will flourish due to major projects like the Yaxia Power Station project. The industry anticipates overall profit recovery and further increases in dividend yields as shareholder returns improve.

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