Cement News tagged under: cement prices
PPC sees volumes improve and price rises stick19 March 2020, Published under Cement NewsCement-maker PPC said lower levels of capital expenditure has helped offset lower earnings during the 11 months to end-February, with its southern African business starting to show signs of stabilisation even as it continues to face price pressures from increasing exports. The South African coastal business is experiencing a downturn in volumes affected by imports, while inland volumes are showing signs of improvement, the group said in a trading update. It has experienced average price inc... |
Andhra Pradesh producers to reduce prices for government projects18 March 2020, Published under Cement NewsCement companies based in Andhra Pradesh, India, have decided to reduce cement prices for government projects following a request from the state’s Chief Minister, YS Jagan Mohan Reddy. PPC has been priced at INR225 (US$3.03), while OPC is around INR235. These prices are the lowest compared to that of any year between FY15-16 and FY19-20, according to The Hans India. The estimated requirement of cement for the Department of Housing alone is 4Mt for the year. Representatives from compani... |
Cement price hike claims investigated in Malaysia14 February 2020, Published under Cement NewsFollowing claims of price hikes, Malaysia’s Domestic Trade and Consumer Affairs Ministry has investigated cement prices and found no price hikes at the manufacturing level. Its minister, Datuk Seri Saifuddin Nasution Ismail, has said the inspections were made after the Johor Master Builders Association (JMBA) alleged a cement price hike of around 20-50 per cent. Mr Saifuddin added that following a YoY price comparison of the four main cement manufacturers from 2017 until now, there has ac... |
Cement prices receding in Pakistan03 February 2020, Published under Cement NewsCement prices in the northern region of Pakistan are starting to soften on account of various reasons observed the local research house Intermarket Securities Ltd. Cement prices in the northern region have declined from its recent peak of PKR535/bag (US$3.46) (December 2019) to below PKR450/bag in some markets. The main reason behind this slide is reduced demand in the winter season while new capacities have been added rapidly (three new units of cumulative 8.5Mta added in the north in the... |
UltraTech Cement reduces cement price in Jammu and Kashmir03 January 2020, Published under Cement NewsIndia’s UltraTech Cement has reduced the price of cement in Jammu and Kashmir following the abolition of a toll tax in Lakhanpur, according to the region’s Department of Information and Public Relations. As a result, the price is reportedly decreasing to INR380/bag (US$5.29) from INR445/bag. The goods toll, previously being enforced under the Jammu and Kashmir Levy of Tolls Act 1995, has ceased to operate with effect from 1 January 2020. |
Cement prices are fluctuating in Pakistan02 January 2020, Published under Cement NewsAccording to a local research house, cement prices in north of Pakistan have declined from the recent peak of PKR550/bag (US$3.55/bag) (October 2019) and now they have fallen below PKR490/bag in some areas of north Pakistan. An analyst of Intermarket Securities Ltd attributes this fall to a drop in demand during the winter season as well as reportedly aggravated price competition by Cherat Cement (CHCC), which is trying to sell in other markets than its allocated areas. According to the r... |
China sees strong cement demand at the end of 201912 December 2019, Published under Cement NewsA financial data provider has reported that average prices of cement in big Chinese cities have picked up 15 per cent since September, ending eight months of decline. The central government also lowered capital requirements for infrastructure projects such as railways, ports and toll roads. Cement consumption in the fourth quarter in China exceeded expectations . "There is a pronounced rebound in infrastructure construction towards the end of the year," said Chen Bolin, China Cement Associa... |
Ghacem to raise cement prices11 December 2019, Published under Cement NewsGhacem has announced that the price of its bagged products will increase from Wednesday, 11 December, on the back of an increased cost of production. "Management wishes to inform customers that our cost of production has increased significantly due to the depreciation of the Ghana cedi against the major international currencies, increased utility tariffs, and fuel and port duties among others," said Nana Phillip Archer, commercial director for the Ghana-based company. "In view of this, w... |
All-India cement prices fall in November04 December 2019, Published under Cement NewsAll-India cement prices have reportedly fallen two per cent MoM in November on the back of reduced demand, according to Centrum Broking. The all-India average cement price in October-November was around INR303/50kg bag (US$4.23/50kg bag), down from around INR309 in the July-September quarter and a considerable decline from around INR360 in the 1QFY19-20. |
Saudi Arabia set for recovery?27 November 2019, Published under Cement NewsWhile the latest data of the Saudi cement market has provided some reassurance in terms of the sector’s recovery, the reality on the ground urges more caution going forward as spending on megaprojects is only gradually picking up. However, there are positive signs such as emerging export opportunities and improving cement prices. By Pritish K Devassy, Al-Rajhi Capital Research, Saudi Arabia. Yanbu Cement, awarded Cement Plant of the Year in the recent ICR Cement Industry Awards 2019, ... |