China’s cement production falls

Cement output in China during November 2014 fell year-on-year by 4% to 219million tonnes. The country's cement production during the first 11 months of 2014 grew 1.9% year-on-year to 2.272 billion tonnes, but the growth rate was 7.35 percentage points slower than the same period of 2013.

In January-July 2015, production of cement in China fell 5% year-on-year to 1.29 billion tonnes.

Meanwhile, profit generated by cement sales contracted about 64% to CNY 14.70 billion (€2.06 billion/US$2.30 billion).

In July, 2015, the average market price of cement fell by about CNY 80/tonne, compared to a fall of CNY 51/tonne in early 2015.

The cement industry recorded CNY 1.42 billion in profit during the month, down by 63.45% in comparison to June 2015.

China-based cement supplier Tangshan Jidong Cement (Jidong Cement) posted an improvement from a net loss of CNY 175 million (€23.56 million/US$27.32 million) in the first six months of 2014 to a net profit of CNY 198 million in the same period of 2015.

Operating revenue plunged 27.7% to CNY 5.112 billion.

Sales of clinker and cement suffered a decline of 22.22% and 18.49% to 4.9 million tonnes and 26.27 million tonnes respectively.

Production of clinker fell by 24.65% to 21.64 million tonnes, whi

The Chinese building material sector saw a 13.2% rise to US$358.13 billion (CNY 2.2 trillion) in its revenue during H1 2014, compared to the same period of last year.

According to the Ministry of Industry and Information Technology, the sector's gross profit hit $22.9 billion (CNY 141 billion), up by 21.8%; while the fixed assets investment rose 14.3% to $100.68 billion (CNY 619.9 billion). Meanwhile, the sector earned $15.5 billion from exports value, up by 8.9%. During H1 2014, production of flat glass