Equity Analysis /
China

CN : Cement - Continued uptrend in cement prices; production volume rose 33.1% yoy in Mar

    CGS-CIMB
    18 April 2021
    Published by

    The average price (nationwide) of 42.5 grade cement increased by 1.1% to Rmb457/tonnelast week. The average coal pricedeclined slightly to Rmb587/tonnelast week. Cement production jumped 47.3% yoy to 439m tonnes in 3M21. Cement stocks under our coverage decreased by 1.41%, on average, last week.