China prices up 13.6% YoY

China prices up 13.6% YoY
Published: 16 June 2011

Across China, the price of ordinary Portland cement (OPC) 42.5 grew 13.6 per cent YoY to CNY420/t (US$65) in the first five months of 2011, of which the price in eastern China posted the highest growth rate of 44.9 per cent, according to Digital Cement.

Cement production nationwide volume grew 19 per cent last month. According to China’s National Bureau of Statistics, investment in the real estate industry – one of the main drivers of the domestic cement sector –  grew 34.6 per cent YoY to CNY187m in the first five months, of which residential property investment was CNY133m, up 37.8 per cent YoY.