Cement News tagged under: Prices
Cement output in Italy declines 2% in October09 January 2024, Published under Cement NewsCement production in Italy slipped by two per cent YoY in October 2023, according to the Italian concrete association, Federbeton. When compared with the 2015-baseline index of 100, output edged up to 101. The country imported 162,219t of grey cement in September 2023, up 13 per cent YoY, with a total CIF value of EUR14.424m, or EUR89/t. Exports increased by four per cent YoY in September 2023 to 121,555t, with a total FOB value of EUR12.556m, or EUR103/t. Year-to-date 2023 In the fi... |
BUA Cement confirms 2024 cement prices29 December 2023, Published under Cement NewsChairman of the BUA Group, Nigeria, Abdul-Samad Rabiu, has confirmed cement prices will be held at NGN3500 per bag (US$3.90) from January 2024. He said the company would make the product accessible and affordable to customers, despite various challenges. NGN3500 per bag is the ex works price, and does not include VAT or transportation costs to the customer. |
Pakistan cement prices rise due to freight costs21 December 2023, Published under Cement NewsCement prices across Pakistan have risen over recent weeks, according to the Pakistan Bureau of Statistics. The lowest price for a 50kg bag now stands at PKR1265 (US$4.52) with the maximum price coming in at PKR1400. Prices in the north of the country have reported an almost two per cent uptick from an average of PKR1220 in late November/early December to PKR1271/bag. Reports by the Pakistan Observer suggest the price increases are being driven by higher freight rates. The Pakistan govern... |
Italy's cement output falls 8% in September08 December 2023, Published under Cement NewsCement production in Italy declined by eight per cent YoY in September 2023, according to the Italian concrete association, Federbeton. When compared with the 2015-baseline index of 100, output fell to 93. The country imported 151,690t of grey cement in August 2023, up 30 per cent YoY, with a total CIF value of EUR13.946m, or EUR89/t. Exports increased by 35 per cent YoY in August 2023 to 94,827t, with a total FOB value of EUR9.068m, or EUR96/t. January-September 2023 In the first n... |
Zimbabwe import licence scheme drives down prices23 November 2023, Published under Cement NewsOn 10 November 2023 CemNet reported on how the Zimbabwean government has issued cement import licences to ensure supply while two of the country’s leading cement producers dealt with production issues. According to The Herald, the scheme is already bearing fruit with imports of 149,000t of cement not only helping to clear the backlog of demand, but also driving down cement prices in the country. The government reportedly approved 665 applications for cement imports from manufacturers, ... |
Russian cement producers warn of escalating costs22 November 2023, Published under Cement NewsLeading cement producers in Russia have warned domestic regulators of a 17-30 per cent rise in production costs next year, caused by continually increasing costs related to logistics, energy and personnel. The result will inevitably lead to a rise in cement prices over the coming several months, they caution. Representatives of Soyuzcement, the national cement manufacturing union, have already sent a letter to Russia's Ministry of Economy and Ministry of Industry and Trade, informing the ... |
Shree Cement pledges to boost share of premium products16 November 2023, Published under Cement NewsShree Cement plans to expand the share of premium products as part of its total sales to 12 per cent over the next six months. This compares to just 9.5 per cent in the 2QFY23-24. According to the company, this will be achieved through the “right pricing”, reports The Hindu Business Line. In the 2QFY22-23, premium products accounted for 7.5 per cent of trade sales. “Regarding premiumisation, our focus is on the right pricing. The volumes will come later,” says Hari Mohan Bangur, chai... |
CNBM issues 9M23 profit warning18 October 2023, Published under Cement NewsChina National Building Material (CNBM) has issued a profit warning for the opening nine months of 2023. According to Reuters, the company expects to report a 70 per cent YoY contraction in profits over the nine-month period. The decline has been blamed on falling cement prices. |
Italian cement production slips 1% in July05 October 2023, Published under Cement NewsItaly’s cement producers decreased their output by one per cent in July 2023 when compared with the previous year, according to the national construction chamber, Federbeton. When compared with the 2015 base index, the output value advanced from 98 in June to 101 in July. In the first seven months of 2023 production fell by four per cent YoY. However, cement prices increased nine per cent YoY in July 2023, representing a deceleration in price rises from 13 per cent in June 2023. Compared ... |
BUA to slash cement prices18 September 2023, Published under Cement NewsBUA Cement has announced plans to lower cement prices from NGN5000-5500/bag (US$6.39-7.02/bag) to NGN3000-3500/bag, according to local press reports. AbdulSamad Rabiu, chairman of the BUA Group, said the move is part of the company’s commitment to help reduce the financial burden on the Nigerian population. With two new lines of 3Mta each due for commissioning by the end of 2023, taking the group’s total cement capacity to 17Mta, the cement producer intends to reduce the price of cement... |