Chia Hsin Cement Greater China Holding Corp said it raised its cement prices by 5-10 percent at the end of July as China’s macro-economic measures helped to control the supply of cement.
"Despite a 30-percent increase in production capacity from its expansion of cement grinding mill, the company still experienced excessive demand for its cement products," Chia Hsia Cement said in a statement. Other factors which kept supply moderate were the power outages which affected certain cement producers in the mainland and the revival of many major construction projects, it said. It said it raised prices in Jiangsu, Zhejiang and Shanghai where demand was strong.
