Chinese cement industry profit up 20% in H1 2019

Chinese cement industry profit was up nearly 20% in the first half of this year, compared to the same period of 2018, according to China’s National Bureau of Statistics. Profit levels hit CNY 80 billion (US$11.63bn) in the January to June 2019 period, while cement industry output rose 6.8% to 1.05 billion tonnes. The average cement price also increased over the six-month period by nearly CNY 20 (US$2.90) per tonne. China’s National Bureau of Statistics in China revealed that Chinese cement industry

Quarry Products / July 19, 2019

Beijing Cement Company's Fengshan Quarry.jpg

Chinese cement industry profit was up around 20% in H1 2019. Pictured is Beijing Cement Company’s Fengshan Quarry in Guangxi, southern China pic: China Aggregates Net (CAN)

Chinese cement industry profit was up nearly 20% in the first half of this year, compared to the same period of 2018, according to China’s National Bureau of Statistics.

Profit levels hit CNY 80 billion (US$11.63bn) in the January to June 2019 period, while cement industry output rose 6.8% to 1.05 billion tonnes. The average cement price also increased over the six-month period by nearly CNY 20 (US$2.90) per tonne.

China’s National Bureau of Statistics in China revealed that Chinese cement industry profit stood at CNY 154.5bn (US$22.5bn) for the year 2018.

A recent 969 Freedonia Group study noted how China accounts for over half of the 3.9 billion tonne annual global cement demand.

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