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China's cement output growth slows to 7.3% in Q1

Apr. 25, 2012 (China Knowledge) - China's cement output grew only 7.3% year on year in the first three months of this year, slowing from an 18.1% increase in the same period of 2011, according to the latest statistics released by the National Development and Reform Commission.

China's flat glass output rose 4.3% year on year to 179.83 million weight boxes in the period. The growth rate was 6.5 percentage points lower than that in the corresponding period of 2011.  

The price of cement continued to fall in March. The average ex-factory price at major cement enterprises dropped RMB 18.2 per metric ton from February or RMB 9 per metric ton from a year earlier to RMB 363.4 per metric ton. At the end of last month, the cement inventory of these major cement enterprises had increased 7.5% year on year to 14.27 million metric tons.
The price of flat glass saw slight rebound last month, rising 0.6 month on month to RMB 60.9 per weight box.

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