Cement News tagged under: Prices
Calls for higher cement prices in Sarawak to be investigated24 June 2019, Published under Cement NewsMalaysia’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 Vietnam13 June 2019, Published under Cement NewsCement 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... |
Acquisition of Holcim Philippines may reduce cement prices17 May 2019, Published under Cement NewsThe Philippine’s Department of Trade and Industry (DTI) has stated that it expects San Miguel Corp’s recent acquisition of a majority stake in Holcim Philippines to result in lower prices of locally-produced cement. "We can expect more synergies in their operations, more economies of scale which will hopefully bring down their cost, prices. But we still expect some segmentation of the market because we all know that the Eagle brand is always lower than Holcim. Just like in any industry, d... |
RHI Magnesita raises refractory prices by 5% globally25 April 2019, Published under Cement NewsRHI Magnesita has announced a global price increase for its products and solutions across both the steel and industrial divisions of five per cent across its portfolio. "To further accelerate investment in technology, environmental solutions, regulatory demands and the production infrastructure necessary to serve our clients, we are adjusting our prices to sustainable levels. This will fully reflect the value of our investments in backward integration as well as our intense service-based mo... |
Cement shortage in Senegal intensifies24 April 2019, Published under Cement NewsTechnical issues at Sococim’s cement factory are affecting the company’s clinker supply and are impacting on Senegal’s cement output, according to Senegal Direct. The country has already suffered a shortage of the product and has seen prices increase from XOF3000 (US$5.13)/bag to XOF3300/bag. |
Vietnamese cement sales expected to rise 8% in Jan-Apr 201923 April 2019, Published under Cement NewsIn the first four months of 2019, Vietnamese cement sales have been estimated to rise eight per cent YoY to 35.45Mt, according to the Vietnam Building Materials Association. This includes 21.65Mt sold domestically and a 23 per cent YoY rise in exports to 13.8Mt. Cement sales are expected to reach 9.18Mt in April, which is consistent with the previous year. Domestic sales and exports are forecast to reach 6.48Mt and 2.7Mt, respectively. Meanwhile, the price of cement during the Jan-April ... |
India sees rise in volumes for FY18-1929 March 2019, Published under Cement NewsIndia's cement industry saw a 13.6 per cent YoY increase in volume to 275.7Mt in the first 10-months of FY18-19, driven largely by rural and affordable housing, according to a report by ICRA. The growth was almost double the seven per cent forecast, however ICRA has stated that the increase is unlikely to translate into profit growth or improved margins due to the lack of any significant price increase and cost pressures placed on producers. At the pan-India level, prices in most markets w... |
Higher electricity costs to impact Vietnamese cement prices26 March 2019, Published under Cement NewsVietnam Cement Industry Corp (VICEM) has announced that its electricity costs will increase by VND20bn (US$855,730) per month, and therefore product prices are also expected to rise. Local producers have stated that they will raise prices by VND30,000-50,000/t. On 20 March power prices went up by 8.4 per cent to VND1864, exclusive of VAT, after remaining unchanged for two years. A household which uses 520kWh a month will now pay an extra VND83,000, according to Vietnam News. Vietnam Elect... |
The road to global leadership25 March 2019, Published under Cement NewsWith China’s One Belt, One Road initiative increasing momentum, demand for cement is set to rise. ICR speaks with Romain de Laubier and Arne Burfeind of Boston Consulting Group (BCG) to gauge the impact on the global cement industry and its drive to expand its production capacity. Romain de Laubier – partner and managing director at Boston Consulting Group, Paris & Tokyo ICR: How would you define China’s One Belt, One Road (OBOR) initiative, which is visibly gaining momentum? W... |
Global cement markets in 201904 March 2019, Published under Cement NewsLow macroeconomic visibility, slowing global growth, geopolitical risks and industry-specific questions such as the outlook for Chinese cement prices or rising CO 2 costs in Europe have presented challenges to cement market analysts worldwide in forecasting 2019. Following its 13th annual cement survey, Exane BNP Paribas sheds more light on the year ahead. By Paul Roger, Exane BNP Paribas, UK. Figure 1: cement volume scenario, 2019 The overall conclusions are not too bearish fo... |