Cement prices in China keep rising

Although China's cement sales are outside their peak season, the average cement price in the country has continued to rise over the past week, according to the latest data from industry information provider Digital Cement.

The average cement price witnessed a week-on-week increase of 0.2 per cent between 12-16 August and cement prices in some regions have approached the peak experienced in the sales season.

The average cement price in eastern China increased 1.3 per cent over the week. In Nanchang, the cement price has risen by CNY50/t (US$8.20/t) since the beginning of August and is already approaching peak prices of the sales season.

Following Conch Cement's price hike between 5-9 August, other cement companies, such as Helin Cement, Onada Cement and Xinning New Building Materials have raised their prices by about CNY10/t in last week.

However, cement prices in northwest and central regions remained stable in last week, while the average cement price in northern region fell 0.6 per cent in past seven days.