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Cement consumption booms in March

Released at: 15:52, 30/03/2016

Cement consumption booms in March

Post-Tet period combines with real estate recovery to push up demand.

by Luong Nhi

Cement consumption in March increased 107 per cent against February, according to the Building Materials Department at the Ministry of Construction.

Total consumption stood at 6.27 million tonnes in the month, a 17 per cent increase year-on-year.

In the first three months consumption was estimated at 15.71 million tonnes, equal to 109.8 per cent of the figure in the first quarter of 2015 and reaching 20.67 per cent of the 2016 target.

Cement exports in March also surged, at an estimated 1.35 million tonnes, for an 88 per cent increase compared to February and 115 per cent year-on-year.

Exported cement in the first three months totaled 3.5 million tonnes, equal to 102 per cent of the same period last year.

Industry analysts said that the strong increase in consumption comes after a number of construction projects kicked off after the Tet holiday and the real estate sector continues to experience a solid recovery.

If consumption remains at these levels the target of 75 to 77 million tonnes of cement being consumed in 2016 will more than likely be exceeded.

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