Cement News tagged under: Prices

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Sonacim lowers cement prices for 1 month

12 August 2019, Published under Cement News

Chad-based Sonacim will be lowering its cement price between 12 August and 11 September, according to its new Managing Director, Faïtchou Etienne. The price of 32.5-grade PC cement will be reduced to XAF5500 (US$9.37) from XAF6000 while 42.5-grade PO cement will be price at XAF7000, down from XAF9000.

Sailing through high seas

06 August 2019, Published under Cement News

Pakistan’s cement producers are sailing through high tides as domestic demand succumbs to macroeconomic pressures, manufacturing costs rise and utilisation levels look set to weaken with the addition of new capacities. Exports are providing a much-needed cushion, as is the shift towards reducing costs and improving operational efficiencies. By Syeda Humaira Akhtar, BMA Capital Management Ltd, Pakistan. Against a backdrop of lower domestic demand and higher production costs, Pakistan p...

Ex-works cement price stable in El Salvador, retail price sees modest slip

17 July 2019, Published under Cement News

The price of a 42.5kg bag of cement, ex-works in El Salvador remained stable in May 2019 at $7.57 when compared with the previous month, according to the Salvadoran construction chamber, CASALCO. Retail prices slipped slightly to $8.42/bag (including 13 per cent VAT), down from $8.44/bag in April 2019.

Association calls for lower cement prices in Nigeria

12 July 2019, Published under Cement News

Oyebamiji Dauda, chairman of the Lagos State Bricklayers’ Association, has urged the federal government of Nigeria to address the rising cement prices and as a result, increase access to affordable housing. In an interview with the News Agency of Nigeria, Mr Dauda stated that allowing more producers to operate in the market would make it more competitive. "There is the need for establishment of more cement manufacturing firms to help crash the price. Our observation is that high cost of c...

Mounting challenges for Pakistan cement producers

08 July 2019, Published under Cement News

Pakistan's cement industry faces strong headwinds with new tax measures, an increase in gas and electric prices, unrest among cement distributors and retailers, dwindling local demands and negligible export to neighbouring countries, says a local research house. BMA Capital Management reports that challenging demand/supply outlook amid rising cost of operations triggered by supply chain constraints, a rise in federal excise duty (FED), etc has led to added pressure on cement prices. The e...

ICRA expects Indian demand growth to slow

28 June 2019, Published under Cement News

Indian ratings agency ICRA is expecting cement demand growth in the country to taper to about seven per cent in the FY19-20, down from 13 per cent in the previous fiscal. The slow execution of infrastructure projects and availability of labour due to the general elections have both been issues, according to Sabyasachi Majumdar, senior vice-president of ICRA. In the upcoming September quarter, demand is expected to be low as a result of the monsoon season. However, consumption is foreca...

Sephaku Cement set to increase prices this month

27 June 2019, Published under Cement News

South Africa’s Sephaku Cement (Dangote Cement) is expected to pay between ZAR35m-40m (US$2.4-2.8m) each year following the introduction of a new carbon tax on 1 June. "The associate will apply the tax on its products based on the proportion of clinker per ton, which translates to between 1.5 per cent and 2.5 per cent price increases on lower-strength and high-strength cement, respectively," said Sephaku Holdings, 36 per cent owner of Sephaku Cement, in a statement. The company will incre...

Egyptian cement sales decline 8% in 1Q19

26 June 2019, Published under Cement News

Total cement sales in Egypt declined 7.7 per cent QoQ to 10.9Mt during the first quarter of 2019, while production decreased 8.1 per cent QoQ to 11.2Mt, according to the Central Bank of Egypt. The average price of cement slipped 0.8 per cent to EGP1190/t (US$71.2/t) in the 1Q19.

Calls for higher cement prices in Sarawak to be investigated

24 June 2019, Published under Cement News

Malaysia’s Ministry of Finance has called for an investigation to determine whether monopolistic practises by the local cement industry in Sarawak is the cause of high cement prices in the state. "Cement is a basic building material and a drastic price increase will inevitably feed into the economy negatively, and eventually hurt consumers. At the same time, cement prices in Sarawak that are markedly higher than in Peninsular Malaysia should be further examined to determine whether it is ...

Cement prices rise in Vietnam

13 June 2019, Published under Cement News

Cement producers in Vietnam have reportedly begun to hike prices due to rising electricity prices at the peak time for construction, according to Vietnam News. SCG Vietnam has announced to its distributors that its cement prices would increase by VND29,700/t (US$1.27/t) including VAT, starting this Sunday. Vicem Hoàng Mai Cement also increased prices by VND30,000/t from the start of June. Nguyen Van Sua, vice chairman of the Vietnam Steel Association, has stated that the cost of power has...