Inventory of Cement and Glass Rise in August

(China Glass Network) According to operation report of building materials industry issued by Development and Reform Commission, cement inventory of key building material enterprises is 13.46 million tons, increasing 6.4% compared with last year, sheet glass inventory is 46.62 million standard cases with increasing rate of 25%.

Output of cement industry increases 8.7% while increment speed drops 4.1% compared with the same time last year. Capacity of glass products decreases 8.4%, while output of August, 2011 increased 10.2%.

Price of cement falls back while glass appears recovery. Factory price of cement in August is 334.1 RMB/ton, dropping 20.6 RMB/ton from the price of July and decreases 65.2 RMB/ton than that of lat year. Factory price of sheet glass in August is 60.5 RMB/ standard case, increasing 0.8 RMB/ standard case than July with rate of 1.4%. However, the price drops 6.6 RMB/ standard case compared with the same time of 2011, decreasing amplitude is 9.8%.

Profit of building material from January to July of 2012 is 166.2 billion RMB with decreasing amplitude of 9.6%. Profit of cement is 26.1 billion, drooping 53.1%; loss of sheet glass industry is 0.52 billion while profit of the last year is 2.59 billion RMB.