Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

Cement demand in China to stay at about 2.3 bln t this year

April 02, 2020


Abstract : Cement demand in China is projected to stay at about 2.3 billion tonnes this year, according to the China Cement Association. 

BEIJING, April 2 (Xinhua) -- Cement demand in China is projected to stay at about 2.3 billion tonnes this year, according to the China Cement Association.

The association explains that infrastructure and real estate will still play a strong role in supporting and driving the demand which may not be greatly affected by the epidemic from the perspective of the whole year of 2020, though the release of  demand has been delayed due to the COVID-19 outbreak.

According to the National Development and Reform Commission (NDRC), China's top economic planner, due to insufficient demand and a significant decline in sales, the operating income of the cement industry is expected to decline by more than 40 percent in the first two months of the year.

It is worth noting that with the improvement in the epidemic control, the cement enterprises have entered the fast track of work resumption.

Provinces of Jiangsu, Shanxi, Jilin, Liaoning, Gansu, Henan, and Xinjiang Uygur Autonomous Region have seen full operation of the cement clinker production lines on Wednesday, according to incomplete statistics from ccement.com, a cement information provider.

"The clinker production line has just started operation and the production capacity has been restored by 80 percent," said head of a large cement manufacturer in Jilin Province, adding that "at present, the clinker sales mainly digest the inventory at the end of last year, and the pressure on the company's inventory has continued to ease. With the improvement in epidemic control, transportation difficulties have been resolved."

"Affected by the epidemic, construction on the infrastructure projects have started slowly, and the entire engineering and construction industries have not yet fully resumed work. For cement companies, the biggest difficulty in the next step is the demand in the end market," an industry insider told the Shanghai Securities News. (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: cement

Reading:

Cement prices in China recover amid rising work resumption

China-Laos railway power supply project construction commenced

Chinese enterprise wins bid for Pakistan land and port transportation system project

China's cement industry sees surging revenue, profit growth

China's Jingye group completes acquisition of British Steel's assets in UK, the Netherlands

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial