The operation of cement industry was in good condition in the first three quarters


Updated Mon, 04 Nov 2019 12:05:20 GMT


  Since this year, under the growing pressure of economic downturn, the cement industry has seriously implemented the decisions and agreements of the Party Central Committee and the State Council and deepen the implementation of the general policy of consolidation, enhancement, improvement and smooth. Besides, the industry has firmly established and practiced new development concept and held the direction of supply-side structural reform. Therefore, the overall situation of cement industry was in good condition.

  The output and benefit have maintained growth

  From January to September, national cement output has reached 1.69 billion tons with year-on-year growth of 6.9%, and cement output in September was 0.22 billion tons, increased by 4.1% year-on-year. The operating revenues of national cement industry have reached 719.9 billion yuan with year-on-year growth of 14.3%, which exceeded 9.8 percentage points compared with the growth rate of the whole industry. The total profits have reached 131.8 billion yuan, increased by 25.3% year-on-year, which exceeded 27.4 percentage points compared with the growth rate of the whole industry.

  The prices have become more reasonable

  Since this year, the prices of national cement products have showed the overall characteristics of year-on-year growth and month-on-month decline. From January to August, cement price has decreased continually. The CEMPI has fell from 121.5 in January to 113.8 in August, which was a decrease of 6.3%. While the price has rebounded in the traditional high season(September and October),  The CEMPI of September was 114.4, increased by 0.5% month-on-month.

  The export of cement clinker has decreased, while the import has increased

  In the first eight months, the accumulated export volume of national cement clinker was 299,000 tons, dropped by 76.8% year-on-year, and the export value was $20 million, dropped by 62.3% year-on-year. While the accumulated import volume was 12.553 million tons with year-on-year growth of 114%, and the import value was $575 million with year-on-year growth of 120.8%.

  In general, the cement industry has operated steadily, the result of resolving the overcapacity has been further consolidated. However, the overcapacity problem in some regions hasn’t been solved at root, some provinces have a strong desire for launching new cement projects. Next, the cement industry will continue to take Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as their guidance, to firmly establish and practice new development concept, to focus on quality and benefit, to hold the direction of supply-side structural reform, and t0 constantly boost the high-quality development of the industry.