The market estimates that the cement market in the United States will remain prosperous until 2009, and there is room for cement prices to rise by 10% next year. This trend has also led Taiwan Cement and Jiaxin Cement to adjust their export strategies and concentrate their firepower on the US market. Huang Chien-chiang, deputy general manager of Taiwan Cement, revealed on December 7 that the company's export contracts for next year will be finalized one after another, with US contracts accounting for half of the export volume, a record high. Jiaxin Cement's plant in mainland China has decided to increase its export volume due to the weak market in East China, which is lower than international market, and is expected to break through the export volume of one million tons next year.
According to the prediction of American PCA Cement Survey Agency, the annual demand of American cement market is up to 120 million tons, while the domestic production of the country is only 95 million tons, with a shortage of 27 million tons. The market predicts that American cement is expected to increase by $10 per ton.
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