China prices, inventories stable in January

China's cement prices and inventories were stable in January due to favourable weather conditions, a Deutsche Bank report has said.

Cement supply and demand have been balanced in southern and eastern China, where producers aimed to keep prices steady. Deutsche Bank forecast cement prices to drop less than usual during the upcoming Chinese New Year.

China's cement output rose 10.8 per cent YoY to 205.29Mt in December, the National Bureau of Statistics said. For the full year, cement output was up 9.6 per cent YoY to 2.41bnt.