|China's building materials industry's profit up 2.1% in Q1 to RMB 85.61 bln
The building material industry in China saw its gross profit grow 2.1% year on year to RMB 85.61 billion in the first three months of this year, according to the latest statistics released by the National Development and Reform Commission.
From Jan to Mar, China's cement manufacturing industry realized RMB 3.23 billion in profit, reflecting a year on year decrease of 67.6%. Meanwhile, the profit of flat glass industry saw a year on year decrease of 26.6% to RMB 910 million.
China's cement and flat glass output went down 3.4% and 6% year on year to 427.92 million tons and 194.72 million weight boxes in the first three months, respectively.?
According to the statistics, the average ex-factory price at major cement enterprises decreased RMB 4 per ton from Feb to RMB 293 per ton in Mar. While the factory-gate price of flat glass from China's key building materials enterprises amounted to RMB 56.2 per weight boxes, down 0.5% from the month earlier.