[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.


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With the prolonged Ukraine crisis expected, some companies are reportedly considering measures such as shipment restrictions in anticipation of a cement supply shortage.


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