Oct. 25, 2012 (China Knowledge) - China's cement output grew 6.7% YoY to 1.59 billion metric tons in the first nine months of this year, according to the latest statistics released by the National Development and Reform Commission
From January to September 2012, China's flat glass totaled 479.65 million weight boxes, down 4% from a year earlier, compared with a 17.9% growth in the corresponding period of 2011.
The price of cement continued to fall in September. The average ex-factory price at major cement enterprises dropped RMB 16.8 per metric ton from August or RMB 72.9 per metric ton from a year earlier to RMB 317.3 per metric ton. At the end of last month, the cement inventory of these major cement enterprises had increased 7.1% YoY to 17.57 million metric tons.
The price of flat glass saw slight rebound last month, rising RMB 0.8 per weight box MoM to RMB 61.3 per weight box.
The building material industry realized RMB 192.5 billion in profit in the first eight months of this year, reflecting a decrease of 9.7% YoY. The profit of the cement sector plunged 53% YoY to RMB 30.4 billion. The flat glass sector suffered a loss of RMB 870 million in the period, compared a net profit of RMB 2.56 billion in the first eight months of 2011.