Taiwan Cement hikes prices 3.2%

Taiwan Cement announced a rise of cement prices in Guangdong and Guangxi, China, by CNY10 (US$1.63)/t or 3.2 per cent to CNY320/t.

The company said that as the China market has entered peak season, cement stocks in the Pearl River Delta have been falling, enabling price rises to go ahead.

Taiwan Cement said it would keep a close eye on the market's reaction and does not rule out a further price hike next month.

The two provinces account for almost half of the company's Chinese production capacity. The cement producer also has plants in several other Chinese provinces, including Anhui, Fujian, Guizhou, Jiangsu, Sichuan and Yunnan. In 1H14, the company sold 22.7Mt of cement in China and 3.1Mt in Taiwan.