Latest Production News of Cement in CHINA

One of the main  factors shaping the costs of Chinese factories is naturally the prices of commodity & raw materials such us oil, electricity, wages, iron & steel, plastics etc.  We are closely following those trends to sharpen our market analysis and forecasts the direction of cost & price movements.

Here is one of those factors, latest cement news:

CHINA’S cement production saw a slower growth at 2.8 percent year on year to about 1.27 billion tons in the first 11 months of this year, according to figures released yesterday by the Ministry of Industry and Information Technology.

Experts attributed the slower growth pace to the adverse effects of the deepening global economic crisis and the slowdown in the Chinese economy.

Although the growth rate had been on a downward trend since September, the industrial upgrading process was moving forward, with the total industrial output of cement businesses reaching 456.8 billion yuan (US$66.7 billion) from January to last month, up 21.25 percent on year, said the ministry.

Meanwhile, the ex-factory wholesale cement price gained 12 percent from January to October year on year. The cement industry is set to post a stable growth with the implementation of China’s 4-trillion-yuan stimulus package, experts said.

China last month unveiled the package to avert an economic slump, with the funds to be spent over the next two years.

Source: China Daily

• Weak Economy Cuts China’s Ansteel 2008 Net Profit 55% (0)
• Energy: Steel mills to cut production on slump demands (0)
• China to decide soon whether tolling is okay (0)
• 48 Major Steel Mills in The Red (0)
• Zhejiang to Save SME’s by 1bln Dolar Credit (0)
• South China region aims high in aluminum industry (0)
• Slowdown in Zhejiang is severe or not? (0)
• SinoSteels’ Overseas Takeover Accepted by Shareholders (0)
• Qi says hard times for steel to continue (0)
• PVC Prices Climbing as a Result of Olympic Effect (0)