Economy & Market

Taiwan Cement further hikes price in China

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Due to the increasing demand in the domestic market, Taiwan Cement announced a further rise in cement prices in China?s Guangdong province. Demand in the Pearl River Delta area has risen considerably in late September as inventories fell due to construction projects ahead of the 1 October National Day holiday. The company hiked prices in the country?s key market by CNY20 (US$3.26)/t. High-grade cement now costs CNY340/t, up from CNY320/t. The price hike follows an earlier increase in August. China?s cement market will receive an extra boost from the government to push infrastructure investment, according to analysts. The cement producers are expected to benefit from the growth in demand for the remainder of the year.

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