Aug 31 2015
Research and Markets has announced the addition of the "Research Report on China's Cement Industry, 2010-2019" report to their offering.
The economic imbalance between different regions has led to the unequal distribution and development of cement industry. Currently, a pattern of three belts, respectively Pearl River Delta represented by Guangdong Province, Yangtze River Delta represented by Shanghai, Zhejiang and Jiangsu as well as Bohai Rim represented by Beijing, Tianjin, Hebei and Shandong, has taken shape in cement industry.
In recent years, cement market in China has been in a state of fluctuation. At the end of 2010, in order to hit target of utility- based energy efficiency, the Chinese government switched off power, which resulted in the short supply and therefore a historical high price of cement in the peak season; In 2011, a consensus of controlling capacity and creating benefits was reached in the trade but influenced by the new capacity, the formerly high price started to drop since the middle of the year; In 2012, as cement capacity increased greatly, the price hit a new low before picking up at the end of the year; At the end of 2013, cement price recovered to an unexpected level just lower than that at the end of 2010 due to the low price of coal; In 2014, CEMPI in China dropped from 116.77 at the beginning of the year to 99.8 at the end of the year, decreasing 14.53% within the year. And CEMPI reached its peak of 116.64 in early January and its bottom of 99.45 in early September. Within 2014, CEMPI kept dropping. Specifically, the first quarter reported the largest decline of 5.18%, the second quarter 4.58%, the third quarter 4.63% and the fourth quarter a much smaller decline of 0.95% than the former three quarters despite being at the peak season.
New urbanization which boosts the demand for cement is an opportunity facing Chinese cement industry now. From the perspectives of lag degree, development space and policy tone, urbanization will be deepened fast in a long time.
Source: http://www.researchandmarkets.com/