Taiwan Cement further hikes price in China

Taiwan Cement announced a further rise in cement prices in China’s Guandong province due to the increasing demand in the domestic market. The price hike follows an earlier increase in August.

The company hiked prices in the country’s key market by CNY20 (US$3.26)/t. High-grade cement now costs CNY340/t, up from CNY320/t.

Taiwan Cement said demand in the Pearl River Delta area expanded considerably in late September as inventories fell due to construction projects ahead of the 1 October National Day holiday.

The cement producer is expected to benefit from the growth in demand for the remainder of the year as the fourth quarter is a peak season in China’s cement market and is forecast to receive an extra boost from the government to push infrastructure investment, according to analysts.