Cement News tagged under: Prices

RSS feed

Nigeria: cement price rise will impact house building

05 September 2016, Published under Cement News

Cement dealers in Umuahia have spoken out against the rise in the retail price of cement, which have been raised by almost 50 per cent recently. The hike was caused by the high foreign exchange rate with NGN420 (US$1.33) exchanging for one dollar. It is argued by the deladers that the government should give concession to cement manufacturers, reports the News Agency of Nigeria (NAN). The dealers claim that such a concession would help them to import materials for cement production. The...

Sri Lanka: Tokyo Cement Company calls for end to price controls

15 July 2016, Published under Cement News

Tokyo Cement, the largest cement producer in Sri Lanka, has called on the government to end controls and allow the market to set prices, Colombo’s Daily Mirror reports. In 2015 the government introduced a price ceiling of LKR870 (US$6.00) for a 50kg bag of cement, at a time when local prices were LKR930-940. Since last year the Sri Lankan rupee has depreciated in value, raising the cost of clinker imports and raising costs further down the supply chain. Managing director of Tokyo Ce...

Patterns in US cement

11 May 2016, Published under Cement News

As the US market picks up, the country’s cement producers can look forward to consumption growth rates of 6-7 per cent annually over the next two years. This should enable them to continue raising capacity utilisation of their production facilities. However, cement and clinker imports are resuming their upward path too. By Rob Roy, ROI Economic Consulting, USA. US construction activity reached a turning point at the end of 2015, enabling the full year to register significant growth ...

Tanzania: Tanga Cement Co looks to cut costs with rail deal

19 April 2016, Published under Cement News

The Tanga Cement Company has signed a deal with Tanzania Railway Ltd to transport 35,000t of cement a month to Mwanza and Kigoma. The deal would see the state rail company ship 15,000t to Mwanza on Lake Victoria and 20,000t to Kigoma on Lake Tanganyika. Both destinations are remote from cement producing regions and as a consequence currently pay high prices for cement. Tanzania’s Citizen newspaper reports that cement prices in the two cities are between US$7.76 and US$8.76 per bag. Thi...

Indian cement prices rise 1% in March

05 April 2016, Published under Cement News

Indian cement prices rose MoM in March to INR290-295 (US$4.37-4.44)/bag as demand led by construction activity in north and central India improved slightly, acording to Cogencis Information Services. Prices in north India rose by eight per cent MoM, while in central India, they were up by six per cent. However, the overall picture YoY saw cement prices fall by six per cent. In western, eastern and southern regions cement prices decreased in the range of around 1-6 per cent, mainly due to ...

Indonesia: incumbents suffer as new entrants fight for market share

04 April 2016, Published under Cement News

Cement prices in Indonesia are falling as newer firms attempt to win market share from the established players, state-owned Semen Indonesia, HeidelbergCement’s Indocement Tunggal Prakarsa and Holcim Indonesia. A report from Indonesia Investments notes that the entry of five new firms into the Indonesian market has led to production capacity rising above 100Mta, while demand is set to reach just 63Mt in 2016. This has led to heavy downward pressure on prices: a report by Trimegah Securi...

Dominican Republic: market expands, prices fall

02 March 2016, Published under Cement News

National cement production in the Dominican Republic reached 5.18Mt, an increase of 3.2 per cent YoY, according to official statistics. This represents 75 per cent of the country’s installed production capacity of 6.91Mt. Meanwhile, the domestic market expanded by 6.2 per cent when compared with 2014. A total of 3.97Mt of cement was sold on the back of a construction sector that showed 18.2 per cent YoY growth. Cement association Adocem reported a 5.6 per cent fall in total sales to RDD15...

Dem Rep Congo: cement price fall 35% in Matadi

11 February 2016, Published under Cement News

The price of a bag of cement in Matadi, Dem Rep Congo has fallen by 35 per cent from CDF12,500 (US$13.44) to CDF8000. The price decrease follows the arrival of imports from Angola in the Congolese port town. In addition, Chinese imports have also increased the supply of cement to the Matadi market.

US Southeast's comeback story

07 December 2015, Published under Cement News

Cement demand in the US Southeast (ie, Florida plus the ‘Piedmont’ states of Alabama, Georgia, Tennessee and North and South Carolina) was hard hit by the Great Recession. Since the 2010 trough, demand recovery in the region has been the strongest among the five US divisions but remains volatile and well below previous highs. Nevertheless, long-term prospects are better than average. By Rob Roy, ROI Consulting, USA. Cemtech Conferences & Exhibitions looks forward to welcoming delega...

Coal prices set to fall further

18 November 2015, Published under Cement News

Cement producers can expect to look forward to lower coal prices as world demand for the commodity is expected to fall and over-investment in mines is causing a production hike. China’s slowing economic growth is forecast to see the country’s coal demand fall faster than its domestic supply, even after mine production cuts, thus affecting imports into the Asian nation. Chinese coal imports are contracting by a record 50Mt to 85Mt this year and further decreases are expected for 2016-17, a...