Deutsche Bank lowers China demand forecast

Deutsche Bank lowers China demand forecast
Published: 27 May 2014


According to the latest research report by Deutsche Bank, cement demand forecast was lowered to 4.5 per cent, due to the recent slowdown in the real estate market in China. However, the forecast still exceeds cement supply of 1.9 per cent. The target prices of cement stocks were reduced in accordance with the adjustments on sales volume and average selling prices.