NDRC: China 08' Cement Output up 5.2% y-o-y

National Development and Reform Commission published the report on the performance of main industries in 2008 on Tuesday, which depicts that China produced 1.39 billion tons of cement in the year of 2008, 5.2 pct higher than that in 2007. While the output growth ratio was 8.3 pct lower than that of last year.

The average factory price of key enterprises in August reached the record high of 310 yuan per ton, while it fell back to 302 yuan per ton in December, up 12 yuan year on year.

At the end of December, the inventory of key cement enterprises was 9.33 million tons, 11.1 higher than that in the corresponding period of last year. From January to November, China cement industry gained profit of 26.1 billion yuan, up 30.8% year on year.