this is an article from June about the price trend 2011 in China:
CSGj earnings should do very well against this background. If the 2nd half of the year will bring down inflation and thus interest rates as many experts believe, that will revive the construction industry:
Across China, the price of ordinary Portland cement (OPC) 42.5 grew 13.6 percent year-on-year to 420 yuan per ton in the first five months of 2011, of which the price in eastern China posted the highest growth rate of 44.9 percent, reports stcn.com, citing Digital Cement. Cement production nationwide volume grew 19 percent last month.
Demand for cement is mainly dependent on the real estate industry. According to China??s National Bureau of Statistics, investment in the real estate industry grew 34.6 percent year-on-year to 187 million yuan in the first five months, of which residential property investment was 133 million yuan, up 37.8 percent year-on-year.
Digital Cement chief executive Liu Zuoyi was quoted as saying that cement prices are pulled upward by demand as well as the development of large cement enterprises.
In recent years, the cement industry has been highly concentrated. Cement production capacity of the 20 largest cement producers in China increased from 40 million tons in 2001 to 640 million tons last year.
AI
