Cement News tagged under: Prices

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Indian delivered petcoke prices under pressure due to low demand

05 December 2019, Published under Cement News

Prices of delivered petcoke to India fell again as seaborne demand after the Diwali break remained subdued and cheaper alternatives could be found. Reliance Industries Ltd reduced its November domestic petcoke price to INR6172/t, down INR728/t MoM and representing a fall of over 10 per cent, according to sources quoted by Platts Coal Trader. In terms of demand, bids for imported coal have been reportedly sparse as most cement plants have already covered their inventory needs. Moreover,...

India’s demand growth shifts gear

11 November 2019, Published under Cement News

The April-June 2019 quarter saw India’s cement growth slow, putting the brakes on a long spell of double-digit advances. Higher cement prices and lower input costs have helped support producer profit margins, but with no immediate demand recovery in sight, government infrastructure and affordable housing projects are the main beacons of light. The Indian cement sector has seen another interesting quarter with the economy and pace of cement consumption slowing, the sustainability of...

China National Building Materials (CNBM)

28 October 2019, Published under Cement News

CNBM may be ramping up its capacity in Zambia, but fears of growing overcapacity in the country’s cement sector are forcing prices up as producers fight to stay in business. Zambia’s current cement consumption stands at around 2.2Mta. However, its cement industry has a production capacity of nearer 5Mta and there are no signs of that abating.  CNBM currently has a presence in Zambia through its subsidiary Sinoma Mpande Limestone Ltd, whose 1Mta integrated plant in Chongew Mpande Industria...

India's average cement prices rise in September

09 October 2019, Published under Cement News

All-India average cement prices increased around 3.2 per cent YoY to INR305-310/50kg bag (US$4.29-4.36/50kg bag) in September 2019. In particular, the improvement was led by a recovery in southern India which saw prices rise by 1.9 per cent YoY and 4.8 per cent MoM. While average cement prices in the trade segment remained broadly resilient in September 2019, demand momentum was negatively impacted by a protracted monsoon season and a slowdown in government spending, according to Business...

China's cement output rises by 6% in 1H19

29 August 2019, Published under Cement News

China's total cement output rose by 6.8 per cent in 1H19 to 1.045bnt. This was the fastest growth in the last six years, even though cement supply was still constrained by the policies of 'staggering peak construction' and environmentally restrictive production'. National demand for cement saw a YoY increase of more than five per cent with the northern region showing the fastest growth. The pricing and supply-demand balance in northern China, particularly in Beijing, Tianjin and He...

PT Indocement

28 August 2019, Published under Cement News

PT Indocement saw its total sales volumes increase by 0.7 per cent YoY to 8.4Mt in the first half of 2019. Although domestic sales remained largely unchanged, export volumes jumped by 190 per cent YoY from 29,000t in the 1H18 to 84,000t in the same period this year. Consolidated net revenue for the company improved by 7.7 per cent YoY in the 1H19 to IDR6982bn (US$489.7m), while EBITDA grew by 34.5 per cent to IDR1178.2bn. The EBITDA margin, meanwhile, advanced from 13.5 to 16.9 per cent.  ...

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...