China consumption far from peaking – comment

Daiwa investment bank says China's cement demand is "still far from peaking," as it expects policy loosening to accelerate construction activity, resulting in an uptrend in cement demand and prices from 2H12-13. The house says infrastructure is the largest consumer of cement (Daiwa forecasts it to account for 45%-46% of demand over 2011-13). Macroeconomic loosening, therefore, would improve the prospects for the cement market nationwide in 2H12. (Source: Dow Jones China Financial Newswire)