Cement News tagged under: Prices

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Andhra Pradesh producers to reduce prices for government projects

18 March 2020, Published under Cement News

Cement companies based in Andhra Pradesh, India, have decided to reduce cement prices for government projects following a request from the state’s Chief Minister, YS Jagan Mohan Reddy. PPC has been priced at INR225 (US$3.03), while OPC is around INR235. These prices are the lowest compared to that of any year between FY15-16 and FY19-20, according to The Hans India. The estimated requirement of cement for the Department of Housing alone is 4Mt for the year. Representatives from compani...

China’s cautious confidence

04 March 2020, Published under Cement News

With most provinces reporting a growth in cement output, Chinese cement companies enjoyed a bountiful year in 2019, supported by stronger peak-season demand and stable, high prices. For 2020 industry sentiment is one of cautious confidence despite a forecast indicating that demand will slip slightly. Furthermore, the current coronavirus outbreak is also expected to affect cement demand in the first half of the year. By Fei Chen and Bailin Chen, China Cement Association, China. Improvi...

Cement prices in El Salvador largely stable in 2019

12 February 2020, Published under Cement News

The ex-works cement price in El Salvador remained unchanged at US$7.57/42.5kg bag, reports the country’s construction chamber, Casalco. The retail price of a 42.5kg bag of cement increased from US$8.28 in January to peak at US$8.45 in June but then slipped to US$8.32 in August to a new high of US$8.37 in October. It closed the year at US$8.31, resulting in an average price of US$8.38 for the year.

Cement price rises further in Congo DR

04 February 2020, Published under Cement News

A shortage of cement is driving up prices in the Democratic Republic of Congo. The price of a 50kg bag of 32-grade cement has increased to CDF14,300 (US$8.46) from CDF14,000. For 42.5-grade cement the price has risen from 14,700 to 15,000/50kg bag. At retail level, prices vary between COF16,000-18,000.

UltraTech Cement reduces cement price in Jammu and Kashmir

03 January 2020, Published under Cement News

India’s UltraTech Cement has reduced the price of cement in Jammu and Kashmir following the abolition of a toll tax in Lakhanpur, according to the region’s Department of Information and Public Relations. As a result, the price is reportedly decreasing to INR380/bag (US$5.29) from INR445/bag. The goods toll, previously being enforced under the Jammu and Kashmir Levy of Tolls Act 1995, has ceased to operate with effect from 1 January 2020.

Indian delivered petcoke prices under pressure due to low demand

05 December 2019, Published under Cement News

Prices of delivered petcoke to India fell again as seaborne demand after the Diwali break remained subdued and cheaper alternatives could be found. Reliance Industries Ltd reduced its November domestic petcoke price to INR6172/t, down INR728/t MoM and representing a fall of over 10 per cent, according to sources quoted by Platts Coal Trader. In terms of demand, bids for imported coal have been reportedly sparse as most cement plants have already covered their inventory needs. Moreover,...

India’s demand growth shifts gear

11 November 2019, Published under Cement News

The April-June 2019 quarter saw India’s cement growth slow, putting the brakes on a long spell of double-digit advances. Higher cement prices and lower input costs have helped support producer profit margins, but with no immediate demand recovery in sight, government infrastructure and affordable housing projects are the main beacons of light. The Indian cement sector has seen another interesting quarter with the economy and pace of cement consumption slowing, the sustainability of...

China National Building Materials (CNBM)

28 October 2019, Published under Cement News

CNBM may be ramping up its capacity in Zambia, but fears of growing overcapacity in the country’s cement sector are forcing prices up as producers fight to stay in business. Zambia’s current cement consumption stands at around 2.2Mta. However, its cement industry has a production capacity of nearer 5Mta and there are no signs of that abating.  CNBM currently has a presence in Zambia through its subsidiary Sinoma Mpande Limestone Ltd, whose 1Mta integrated plant in Chongew Mpande Industria...

India's average cement prices rise in September

09 October 2019, Published under Cement News

All-India average cement prices increased around 3.2 per cent YoY to INR305-310/50kg bag (US$4.29-4.36/50kg bag) in September 2019. In particular, the improvement was led by a recovery in southern India which saw prices rise by 1.9 per cent YoY and 4.8 per cent MoM. While average cement prices in the trade segment remained broadly resilient in September 2019, demand momentum was negatively impacted by a protracted monsoon season and a slowdown in government spending, according to Business...

China's cement output rises by 6% in 1H19

29 August 2019, Published under Cement News

China's total cement output rose by 6.8 per cent in 1H19 to 1.045bnt. This was the fastest growth in the last six years, even though cement supply was still constrained by the policies of 'staggering peak construction' and environmentally restrictive production'. National demand for cement saw a YoY increase of more than five per cent with the northern region showing the fastest growth. The pricing and supply-demand balance in northern China, particularly in Beijing, Tianjin and He...