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News Taiwan Cement chair pessimistic about Chinese market

Taiwan Cement chair pessimistic about Chinese market

Written by Global Cement staff 22 December 2021
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Taiwan: Zhang Anping, the chair of Taiwan Cement, has expressed doubts about the strength of the Chinese market in the short term. Whilst being interviewed by the state-owned Central News Agency at a community event, he said that increased raw material and energy prices looked set to remain high until at least mid-2022. The price of coal in China had more than tripled in 2021 before easing somewhat. He also raised the risks of growing global market uncertainty from an anticipated rise in interest rates in the US by the Federal Reserve and the spread of the Omicron variant of Covid-19.

Published in Global Cement News
Tagged under
  • Taiwan
  • Taiwan Cement Corporation
  • China
  • GCW537
  • Coal
  • coronavirus
  • US
  • Forecast

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