China cement prices see mid-November drop

Following a three month rise, the average price of cement in China began to show a weekly drop in the 19-23 November period.

According to a report by China Securities Journal citing data from the industry information provider Digital Cement, the average cement price in the week from 19-23 November declined 0.2 per cent from the previous week to CNY337.25/t (US$54). This was the first decline following 10 consecutive weeks of rises. The cement price in Anhui, Ningxia, Guangxi and Guangdong declined by CNY10/t to CNY30/t in the week.

Since September, the cement price in eastern China, Guangdong and Guangxi has risen by CNY60/t and CNY100/t, respectively.