China H1 cement demand saw strong pick-up on fixed assets investments

Data from Production Office of the Ministry of Industry and Information Technology and China Building Materials Industry Association showed that in the first half of the year, the total production volume of cement across the nation increased in a stead-fast manner, with monthly production hitting record highs.

The domestic cement production from January to June increased by 14.9% as compared to the same period last year to an aggregate of 730 million tonnes, which outpaced the growth of the same period last year by 6.2 percentage points.

Demand for cement saw a strong pick-up and accelerating growth as investments in fixed assets surged and the property sector gradually bottomed out. An improved economic efficiency in the industry fetched a profit of RMB10.3 billion, a year-on-year increase of 21%. The ratio of NSP cement clinker increased steadily, being around 70% to date.

From www.cementchina.net [2009-8-26]