Cement News tagged under: Prices

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Cement stocks have outperformed in PSX lately

10 September 2020, Published under Cement News

An analyst at Intermarket Securities Ltd has reported that cement stocks listed on the Pakistan Stock Exchange (PSX) have recently outperformed and the present bull-run in cement stocks – up 82 per cent since March 2020 – has been driven by many factors. That includes good pick-up in local demand led by the private sector, anticipated commencement of Naya Pakistan Housing Scheme and the recent announcement of Karachi Package by the government, and lower input costs amid a decline in internat...

Bracing for an uncertain future

25 August 2020, Published under Cement News

Despite being a general election year, Indian cement demand growth unexpectedly stagnated for most of 2019. Furthermore, the ongoing COVID-19 crisis further restricted demand in the opening quarters of 2020. Going forward, considerable uncertainty remains and hope rests on an economic recovery led by a large-scale stimulus package. The decline in investment proposals and project announcements in India’s infrastructure sector suggest a sluggish demand environment due to the coronavi...

Paraguay's construction sector reports cement shortage

21 August 2020, Published under Cement News

Construction firms in Paraguay are reportedly seeing cement shortages as they face problems with bringing cement into the country, according to Ultima Hora. The state-run cement producer, INC has stated that the cost of cement remains the same and that it increased production and deliveries in August 2020. However, the company can only meet around 60 per cent of domestic demand. Cement prices have reportedly increased to PYG58,000/bag (US$9.83) per bag. In August 2020, INC delivered 60,0...

Gabon sees 2% drop in 1Q cement production

10 August 2020, Published under Cement News

The first three months of 2020 saw cement production in Gabon fall by 1.7 per cent YoY to 109,954t, according to Gabon’s General Directorate for the Economy and Fiscal Policy. Combined with the COVID-19 pandemic, this has started to impact the domestic market as prices are rising following a shortage of supply.

Uzbekistan cement prices fall

17 July 2020, Published under Cement News

At the last auction of the Uzbek National Commodity and Raw Materials Exchange on 29 June, the average weighted cost fell 4.9 per cent from UZS792,000/t (US$77.71/t) to UZS754,000/t, according to the UzEX press service.  Between January and June 2020, the average price of all cement brands on the exchange advanced 59 per cent from UZS499,000/t to UZS792,000/t as the construction season got underway in May. A reduction of volumes offered by sellers and a threefold increase in cement imports...

Japan: towards higher profits

07 July 2020, Published under Cement News

With an ageing population and requirement for more construction investment, the Japanese cement industry faces many challenges. There is a need for the sector to return to profitable pricing levels and modernise its production facilities, particularly as energy conservation and emissions reduction requirements shift from a domestic to a global focus. By Hajime Inoue, Japan Credit Rating Agency Ltd, Japan. While medium-term cement demand is robust, Japan’s ageing population and lagging...

Indian cement demand recovers after lockdown

26 June 2020, Published under Cement News

Following the lifting of the coronavirus lockdown in several Indian states, the country’s cement industry is witnessing some pick-up in demand, according to Livemint. Research into the cement dealers’ channel by various brokers has shown that pent-up demand is supporting capacity utilisation levels with rural areas expected to provide a further rise in sales going forward. “Rural and pent-up demand has led to higher-than-expected volumes in May-June 2020 and the industry could just suffe...

Indian demand decline slows in May

19 June 2020, Published under Cement News

Despite expectations of a significant decline, Indian cement dispatches are estimated to have only fallen by 15-20 per cent in May, compared with an 80-86 per cent drop in the previous month. The positive development has been attributed to pent-up retail demand and the resumption of some construction projects. Cement prices have also been reported to increase by 0.8 per cent MoM in June, according to IDBI Capital Markets & Securities. However, the prices may begin to dip in the coming mont...

Telangana producers asked to cut prices

15 June 2020, Published under Cement News

Telangana’s Minister of Municipal Administration, KT Rama Rao, and Prashanth Reddy held a meeting with cement industry leaders to ask them to reduce prices to INR230/bag so that the real estate sector in the Indian state could be stimulated faster. Cement companies have reportedly been providing cement at this price since 2016 and the government has requested that the same price be maintained for next three years, according to The Hans India. The cement representatives are expected to ...

Impact of COVID-19 on global cement markets

01 June 2020, Published under Cement News

Over the course of just a few months the impact of the COVID-19 pandemic has changed the global cement market landscape completely and, as the situation continues to unfold, visibility is low. Within the context of this unprecedented experience, Paul Roger, head of Exane BNP Paribas’ building materials team, gives his view on cement demand growth in 2020 and 2021, as well as thoughts on whether cement pricing will hold and what the industry can do to protect cash flow. He also underlines why...