Cement News tagged under: Prices
Local authority spending underpinning Italian cement demand10 April 2024, Published under Cement NewsItalian cement output started the year strongly, expanding 14 per cent YoY in January 2024, according to the Italian concrete association, Federbeton. This follows a seven per cent expansion in December 2023. Import and export data, which lag production data by one month, show grey cement imports increased by 10 per cent YoY to 126,803t in December 2023, with a total CIF value of EUR11.9m or EUR94/t as value per tonne, up from EUR87/t in November. For 2023 as a whole, import volumes were u... |
Indian cement demand growth to decline in 4QFY23-2420 March 2024, Published under Cement NewsIndia is expected to see a fall in cement demand growth in the final quarter of the current fiscal year (January-March 2024), due to a slowdown in construction activity, adverse weather conditions and uncertainty in the run-up to the elections being held in April and May. According to Business World India, an increase in supply along with more intense competition has also had an adverse impact on cement prices. Reports suggest that prices have already begun to decline, with reductions of ... |
Pakistan cement prices down in March12 March 2024, Published under Cement NewsCement prices in Pakistan have fallen in the opening week of March, according to the Pakistan Bureau of Statistics. The average retail price of a bag of cement in the northern regions of Pakistan came in at PKR1248 (US$4.47) in the first week of March, down 0.29 per cent from the average of PKR1251 seen in the previous week. Elsewhere in the country, average cement retail prices were reported as PKR1225/bag in Islamabad, PKR1215 in Rawalpindi, PKR1172 in Karachi, PKR1205 in Quetta and PKR... |
Italian cement slips in 2023 with moderate 2024 forecast06 March 2024, Published under Cement NewsItalian cement output expanded eight per cent YoY in December 2023, according to the Italian concrete association, Federbeton. This was largely driven by robust demand from local public sector works, which totaled EUR18.1bn in the year to December. However, cement output contracted two per cent for 2023 as a whole, weighed down by sluggish activity in the construction sector. Data from the national statistics provider, ISTAT, shows construction output contracted 0.1 per cent for the year.... |
City Cement predicts 8% cost increase28 February 2024, Published under Cement NewsCity Cement has said that its total costs are expected to advance by eight per cent following the increase in the price of fuel products used in cement products that was announced by Saudi Arabian Oil Co (Aramco) last month. According to Mist News, the direct financial impact is expected to be seen from the first quarter of 2024, although the company added that its investments in alternative fuel and waste heat recovery systems had helped to mitigate some of the fuel price increase. |
Nigerian producers agree to lower prices22 February 2024, Published under Cement NewsNigeria-based Dangote , BUA Cement and Lafarge have agreed to lower cement prices in the country, despite rising production costs. According to This Day Live, the three manufacturers have stated that a 50kg bag of cement should have a maximum retail price of NGN8000 (US$4.98). Following a meeting with Nigeria’s Minister of Works and the Minister of Industry, Trade and Investments, the producers said a monitoring team would be set up to ensure compliance with the new pricing agreement. ... |
Congolese government raises cement price06 February 2024, Published under Cement NewsFollowing requests from domestic cement producers, the government of the Republic of Congo has increased the prices of wholesale cement per tonne and retail cement per 50kg bag. The price of cement has increased by more than 50 per cent compared to the approved price as production costs have soared. Type 42.5N cement is now sold in Brazzaville at XAF90,000/t (US$147.78/t) and XAF4900/50kg bag. In Pointe-Noire the price is XAF88,000/t and XAF4700/bag. In certain parts of the country, such a... |
Nigerian cement prices rise by 30%05 February 2024, Published under Cement NewsCement prices in Nigeria have risen by 30 per cent in the last few days, reaching NGN6500 (US$5.44)/bag in some regions, reports The Guardian. The ripple effect across other building materials is already being seen with sandcrete blocks going up in price from NGN450 to NGN500 for a six inch block, while nine-inch blocks have increased from NGN550 to NGN600/block. The price of ready-mixed concrete has also risen, causing some constriction projects to come to a standstill. A number of de... |
Italian cement production expands 10% in November02 February 2024, Published under Cement NewsCement output in Italy increased by 10 per cent YoY in November 2023, according to the Italian concrete association, Federbeton. However, when compared with the 2015-baseline index of 100, output declined to 92. The country imported 191,707t of grey cement in October 2023, up 13 per cent YoY, with a total CIF value of EUR16.584m, or EUR87/t. Grey exports advanced by 22 per cent YoY in October 2023 to 143,105tt, with a total FOB value of EUR14.468m, or EUR101/t. Year-to-date 2023 In the ... |
Cement prices fall in Pakistan16 January 2024, Published under Cement NewsCement prices across Pakistan have declined over the last week, according to the Pakistan Bureau of Statistics, bringing welcome relief to builders and developers across the country. The average retail price of a bag of cement in the northern regions of Pakistan has fallen from PKR1246 (US$4.45) last week to PKR1238 this week, a contraction of 0.57 per cent, reports Samaa. In the southern regions, the average price declined from PKR1192 to PKR1191, a drop of 0.07 per cent. Prices con... |