China cement industry update
According to the National Development and Reform Commission, China saw a 9.2% y/y increase in cement production in 2013, reaching a total of 2.2 billion tpa. Cement inventories at major producers witnessed a 7.5% decrease y/y, totalling 15.45 million t at the end of November 2013.If cement production drops, then you know there is a problem.
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