Cement Sales Down 9% in November, Exports Plummet
December 13, 2009
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Total cement sales slumped 9 percent in November to 3.8 million tons compared with the previous month, the Indonesia Cement Association said last week. Domestic consumption declined 7 percent to 3.5 million tons, while exports plummeted 35 percent to 269,000 tons.
Ella Nusantoro, a cement analyst with Citigroup, said in a statement that November’s low sales result was due to unusually high sales in October, which grew by 49 percent from September.
The cement association said that year-to-date sales figures, up to the end of November, were down 3 percent from the 38.3 million tons of sales during the same period last year. Around 90 percent of the year-to-date sales were to domestic users, the association said. JG
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