CN : Cement - Cement production volume grew 6.3% yoy in Apr; high steel prices affected construction activity

The average price (nationwide) of 42.5 grade cement increased by 0.8% to Rmb468/tonnelast week. The average coal price increased to Rmb622/tonnelast week. Cement production jumped 30.1% yoy in 4M21 and rose 6.3% yoy in Apr. Cement stocks under our coverage decreased by 2.81%, on average, last week.

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