China’s Cement Industry Develops steadily in first five months of 2007
China produced 488Mt of cement in the first five months of 2007, up 16.10% YoY, according to data released by the Chinese National Development and Reform Commission on July 2nd.
Shandong and Jiangsu Provinces accounted for 68.2695Mt and 46.4523Mt respectively, ranking first and second among other Chinese provinces and cities.
Jilin Province enjoyed the highest growth of 53.63 per cent in output, while Beijing and Shanghai Municipalities suffered negative growth.
China’s cement production and cement product industries completed RMB16.6bn and RMB6.6bn in fixed asset investment in the first five months of 2007 respectively, up 54.3% and 48.97% year-on-year and together accounting for 36.87% of total investment in the Chinese building materials industry.
China exported 5.76Mt of cement and 8.56Mt of clinker in the first five months of 2007 respectively, down 20.7% and up 29.8% year-on-year. Influenced by the export tax rebate policy on cement, total exports of cement and clinker increased only 3.3% year-on-year.
The sales price of building materials on the Chinese market remained stable in the first five months. The ex-factory price of building materials increased 103.7% in May, with the sales price of cement down significantly compared to the end of 2006 but up slightly year-on-year. The average ex-factory price (pre-tax) of cement and glass stood at RMB285/t and RMB63 per box respectively, up 1.1% and 2.6% year-on-year. Published under Cement News
