
●MMCsignedtwoMoUswithShenhuaGroup,togetherwithothertwoMongoliancoalcompanies,tocollaborateoncross-borderrailwayconstructionandcoaltradefor1bntonnesin20years.●AlthoughtherearenodetailsconfirmedbytheMoUs,weviewthecooperationtobepositiveonMMC'sASPinthelongtermbyprovidingmorestableprocurementforMongoliancoalandcuttingcross-borderandlogisticcostsattheChinaendviarailfacilities.●Ho...

KeytakeawaysWeattendedCRCement’sroadshowonOctober31~November1,wherewespokewithcompanymanagementandindustryexperts.ReboundofGuangxicementpricestocontinuein4Qduetoimprovingsupplyanddemandconditions;2013’sASPwillbeatthatof2012.Nonewcapacitythisyear,demandwillbestrong.Goodmomentummaycontinuein2014,becausenewcapacitywaslimited–onlyone2mntcapacitylineisscheduledin2014,anotherfivehaveno...