JPM | Building Broadcast: ROCKB, KSP JPMC Construction Daily

研报英文原文证据摘录

JPM | Building Broadcast: ROCKB, KSP JPMC Construction Daily

2,294t in March 2026, following

a start to the year affected by heavy rains and a stagnant construction market. Spanish

cement association, Oficemen, highlighted that the month was the best March in the last

15 years. However, exports dropped by 18.3 per cent to 357,283t in March 2026.

• Unacem reports higher 1Q26 revenue despite lower EBITDA. Cemnet reports (link)

that Peru-based Unacem Group reported consolidated revenue of PEN1.79bn (US

$480m) in 1Q26, representing a 7.1 per cent increase YoY. The company said revenue

growth was driven primarily by stronger cement operations in Peru and Ecuador,

supported by higher sales volumes and improved pricing, alongside contributions from

its cement, concrete and aggregates businesses in Chile.

• Solar and wind project for Dalmia. Global Cement reports (link) that Oyster

Renewable Energy and Dalmia Cement (Bharat) have announced a plan to set up a

31.6MW hybrid renewable energy project in Kadapa District, Andhra Pradesh, India.

Costing around US$28m, the project integrates 21.6MW of wind and 10MW of solar

capacity, according to a statement. Dalmia Cement said that the project will ensure a more

stable and balanced renewable energy profile for the company, with commissioning

expected in 2027.

Infrastructure

• Summer should be fine’ as Europe’s jet fuel fears ease. Yesterday saw a number of

reassuring signs regarding the supply of jet fuel this summer: 1) Politico reported (link)

that Europe is now considered unlikely to face a jet fuel supply crisis and major flight

disruptions in the coming weeks – a big change from the dire warnings of just a few weeks

ago. The core reason for the shift is a hike in prices, which encouraged refiners and traders