Cement News tagged under: Prices

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Colombia's regulator investigates price fixing

22 August 2013, Published under Cement News

Colombia's Superintendency of Industry and Commerce will be opening an investigation into the alleged price-fixing by five local cement companies. The regulator will examine whether Holcim (Colombia), Cementos Argos, Cementos Tequendama, Cemex Colombia and Cementos Marcos have been colluding in the setting of cement prices over the past three years. The regulator has said it will look into "an alleged agreement to fix prices and divide up the market”. The superintendency has claimed that...

Cement prices in China keep rising

20 August 2013, Published under Cement News

Although China's cement sales are outside their peak season, the average cement price in the country has continued to rise over the past week, according to the latest data from industry information provider Digital Cement. The average cement price witnessed a week-on-week increase of 0.2 per cent between 12-16 August and cement prices in some regions have approached the peak experienced in the sales season. The average cement price in eastern China increased 1.3 per cent over the week. I...

Indian cement prices mount June recovery

05 July 2013, Published under Cement News

All-India cement prices saw an uptrend led by price hikes across all regions in the country. The southern region saw an average price rise of INR30/bag (US$0.50), the highest among all regions, which took the all-India average June 2013 prices to INR308/bag (US$5.10) as compared to INR294/bag (US$4.86) in May 2013. In the east and west region, prices advanced by INR15-20/bag, which took average prices in the east and west region to INR333/bag and INR306/bag, respectively, for June 2013....

Ghana: cement prices rising

26 June 2013, Published under Cement News

Cement prices in Ghana have been rising by the day with retail prices currently around GHS274 (US$136). Ex-factory prices are cheaper than retail prices so the tariff posted at the Ghacem (HeidelbergCement) plant on 24 June indicated that a bag of cement costs GHS260 (US$129), effective 20 June 2013, when buying 1000 bags or above. For orders of 100+ bags only the price rises to GHS265 (US$132), according to a local reporter. Ghana has imported mainly from Senegal, but these shipment...

Zambia: 'High cement prices will affect construction sector growth'

13 June 2013, Published under Cement News

Cement traders in Eastern Province have accused Lafarge Cement Zambia of creating artificial shortages by preferring the international market. Meanwhile, local contractors in Lusaka have warned that the recent increments in cement prices could slow growth in the construction sector. However, Eugene Chungu, Lafarge spokesperson, said the recent increase in cement demand and prices, which had been caused by panic buying after the Lusaka plant shutdown three months ago, should ease following ...

El Salvador records 18.5% drop in cement prices

11 June 2013, Published under Cement News

Cement prices in El Salvador rose by 18.5 per cent YoY to US$8.49 per 42.5kg bag in February 2013, according to CASALCO, the Salvadorian Chamber of the Construction Industry. The rise in cement prices has affected the growth of the construction sector, according to the organisation. “The increase in cement prices has had a direct impact on all construction costs,” said Carlos Guerrero, CASALCO president. Cement consumption in the first three months of 2013 decreased 9.1% to 6506 bags ...

Caribbean: cement price increase 'difficult to accept'

10 January 2013, Published under Cement News

The 9.5 per cent cement price hike announced at the start of this year by Trinidad Cement Ltd, will be 'difficult to accept,' according to the former president of the Contractors Association of Trinidad and Tobago. Following the hike, a 42.5kg bag of cement now cost approximately TTD55 (US$8.60).  “Anytime cement prices goes up, it is difficult to accept. When you are talking about a 9.5 per cent it makes it even worse. You would have had people with ongoing contracts and they would be n...

Jamaica: Caribbean Cement raises prices

31 December 2012, Published under Cement News

Caribbean Cement Company, a member of the TCL Group, has announced price increases for a bag of cement. The company said effective January 7, the prices for its packaged Carib Plus will be increased by 15.4 per cent. There is also to be slight adjustments in the prices for other products. A bag of Carib Cement OPC will be sold for JMD780 while Carib Cement plus will sell for JMD755 per bag. Carib Cement said it had to increase its prices in order to generate enough money to meet debt payme...

Northern India: rising demand to support prices

29 December 2012, Published under Cement News

A slower rate of new capacity additions coupled with strong demand in north India will improve the business environment enabling higher prices for cement companies such as Shree Cement, JK Cement and JK Lakshmi Cement. A reduction in oversupply will improve utilisation levels and eventually lead to higher prices. While India will see capacity expansion of more than 80Mt in the next two years, in north India, it will just be 8-10Mt, according to a report in the Economic Times. Demand gro...

Trinidad prices to come down

01 August 2012, Published under Cement News

Trinidad Cement Ltd announced that a temporary surcharge imposed on bagged cement has been removed and that cement prices are expected to go down in the coming weeks. Speaking to local press, Satnarine Bachew said a 42.5kg bag of cement had increased by US$13 as the company was forced to raise prices two weeks after workers began strike action on 27 February. "The additional charge was driven by the higher cost of satisfying the local cement demand due to extenuating circumstances crea...