China prices continue to fall

The average price of cement across China last week fell 0.83% to CNY336.25/t compared to the previous week.

Cement prices have been falling since the end of April registering price adjustments of CN10-50/t mainly in Beijing, Hebei and Anhui.

According to industry portal Digital Cement, the price of cement in Beijing and Hebei continued to fall last week by CNY20-50/t and the price in Beijing has dropped CNY120/t since the beginning of May.??It has also been reported that a number of producer in Hebei province will halt production in June due to full inventories.

Industry experts expect the cement sector to have recorded a 60% YoY fall in first quarter earnings.
 (Source: Shanghai Securities News)