QuickComment:ChinaRailwayCorporation(CRC)recentlystartedtenderingfornewequipmentorders,withtheoverallsizebelowmarketexpectationwhileinlinewithourestimate.Thetotalnewordervalueformultipleunits(MU),locomotives,freightwagonsandpassengercarriageswillbeRmb54bnin2H13,butpartoftheneworderswillbedeliveredin2014.CoreproductMUsnewordersizeis159standardsets,whichisatthebottomofmarketexpectati...
NationalcementASPwasup0.5%WoWtoRMB320/tonne.WesawcementpricesincreaseRMB10-40/tonneinZhejiang,Fujian,JiangxiandGuizhou.PricesinGuiyangwentupthemost,risingRMB40/tonnelastweek.WeexpectcementASPtopickupinSeptemberatthebeginningofhighseason.Nationalinventorylevelremainedstablelastweekat68%afterfallingfortwoconsecutiveweeks.Inventoryimprovedby1%ineasternChinato63%,thelowes...