Slight Slowdown Seen In Chinese Cement Market This Year

Research and Markets report says 10 percent output increase of last year will cool.

China's cement output rose by nearly 10 percent in 2005, and while that pace is likely to cool this year, demand should remain robust, according to a new report from market research firm Research and Markets.

China, one of the world's largest consumers of cement, had 2005 output of 1.064 billion tons, and if the investment on fixed assets continues its steady pace, output could hit 1.12-1.14 billion tons this year, Research and Markets said.

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Some Chinese experts forecast GDP will rise by 8.7 to 9.2 percent in 2006 in China, and the development of the global and Chinese economies will continue to drive demand for cement.

In 2005, global cement output was 2.27 billion tons.

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