7M10 domestic sales volumes only grew by 10.7%yoy compared with 1H10 of 11.5%yoy.It was due to flat July ’10 sales compared with July ’09.This was mainly due to slower demand growth in Java to only 9.8%yoy cumulatively from 17.2%yoy in 1Q10.Such slowdown also happened in outer Java. Cement producers blamed prolonged rainy season combined with lower realization of government project as the main reason behind it.
Meanwhile,export figure remains low in 7M10 (-37.0%yoy),suggesting that domestic demand is still there and margin could be maintained or even slightly better.
Among the 3 biggest cement producers in the country,Holcim Indonesia posted the highest growth of 18.2%yoy,followed by Indocement of 15.2% yoy and Semen Gresik of only 3.8%yoy.
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