China cement demand to recover by end-Aug - UBS

China cement demand to recover by end-Aug - UBS
Published: 02 August 2012

Tagged Under: China 

Chinese cement makers are higher on hopes that Premier Wen Jiabao's remarks on ensuring growth may boost demand for the sector given its wide use in infrastructure and construction projects. UBS Securities says it expects cement demand to recover by the end of August, partly helped by stimulus plans announced by local governments recently, including cities of Changsha and Nanjing. (Source: Dow Jones).