China Forum says demand likely to decline

China Forum says demand likely to decline
07 October 2008

The growth of the demand for cement is likely to decline in the future, according to the second China Cement Investment Forum.

Statistics showed that spurred by the brisk demand for cement, the investment in cement sector in China’s most areas has been on the rise since the beginning of this year. In the first seven months of this year, CNY53.1bn (US$53.1bn) had been invested in cement sector, up 68.5 per cent year-on-year.

Experts at the forum predicted that the demand for cement will continue to grow in the future, but the growth is likely to decline, staying at five-seven per cent in the next three to five years.

They said that the cement production in some areas especially in Yangtze River Delta will be in excess, but the market demand in central, western and rural areas will have great potentials.

Experts said that the cement production is becoming concentrated in eastern areas. Meanwhile, with the expanding of integration in western China, the cement investment market will warm up in the future.
Published under Cement News