China first-quarter output rises 7.3%, prices fall
According to the latest statistics released by China’s National Development and Reform Commission China cement output grew only 7.3% YoY in the first three months of this year slowing from an 18.1% increase in the same period of 2011.
The price of cement continued to fall in March. The average ex-factory price at major cement enterprises dropped CNY18.2/t from February or CNY9/t from a year earlier to CNY363.4/t. At the end of last month, the cement inventory of these major cement enterprises had increased 7.5%YoY to 14.27Mt. (Source: China Knowledge)