It is reported that across China, the price of ordinary Portland cement 42.5 grew 13.6%YoY to CNY 420 per ton in the first five months of 2011, of which the price in eastern China posted the highest growth rate of 44.9%. Cement production nationwide volume grew 19% last month.
Demand for cement is mainly dependent on the real estate industry. According to China National Bureau of Statistics, investment in the real estate industry grew 34.6%YoY to CNY 187 million in the first five months of which residential property investment was CNY 133 million up 37.8%YoY.
Mr Liu Zuoyi Digital Cement chief executive 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
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