Deutsche Bank cuts Shanshui Cement forecast, China

Shanshui Cement has lowered its 2012 sales target for blended cement and clinker to 55Mt from 65Mt mainly due declining sales in Shandong, Deutsche Bank reported. The bank has cut its forecast for Shanshui’s average selling price in the second half of 2012 by five per cent. It has also cut Shanshui’s earnings forecast for 2012 and 2013 by 29 per cent and 17 per cent, respectively. (Source: AAStocks Financial News)