Cement News tagged under: Prices

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Cement prices in central India rise

17 October 2018, Published under Cement News

While cement prices across India declined MoM to INR326 (US$4.44)/50kg bag in October from INR328/bag, they significantly increased by INR3/bag in central India as local demand performed better when compared with other regions. Prices increased by INR5-10/bag in Lucknow, Meerut and Faizabad in Uttar Pradesh and remained steady in a few places such as Bhopal. Better demand conditions are supporting prices, said analysts, but they warned that demand continues to be driven mainly by governmen...

High expenses deter industry from investing in Himachal Pradesh

12 October 2018, Published under Cement News

Multiple taxations and high freight charges are some of the reasons that deter the cement industry from investing in Himachal Pradesh, India. State-level taxes include a certain goods carried by road tax levied at INR150/t (US$2/t) of cement up to 250km, and an additional goods tax of INR26/t of limestone and fly ash. The transportation cost in the state is the highest in Asia at INR9.7/km/t of product, according to The Tribune. As a result, no bidders came forward to set up a cement plant...

Cement prices rise 25% in Uzbekistan

10 October 2018, Published under Cement News

Cement prices in Uzbekistan have risen 24.7 per cent YoY in the first nine months of 2018, alongside an overall increase of 18.4 per cent in the price of building materials. Meanwhile, a decline in cement production within the country has been attributed to a price hike of around 60 per cent for gas and electricity for the construction industry.

Philippines partially lifts suspension order on quarry operations

01 October 2018, Published under Cement News

A suspension order to halt quarrying operations in selected regions of the Philippines after the landslide near the Apo-Cemex quarry in Naga City, Cebu, has been partially lifted. Roy Cimatu, environment secretary, has allowed certain operations to resume after an inspection by teams from the Department of Environment and Natural Resources. The decision to fast-track the investigation was made to avoid affecting the price of cement and other materials which may impact the country's ‘Build,...

Increase in seaborne coal and petcoke prices impact producers

28 September 2018, Published under Cement News

Seaborne thermal coal and petcoke prices rose by 16-24 per cent YoY during the 1H18 period, eroding almost four per cent of the aggregate EBITDA of LafargeHolcim and HeidelbergCement, according to a Morgan Stanley report. However, this is expected to slow or reverse into next year. Prices of seaborne thermal coal are anticipated to fall 15 per cent in 2019 compared to 1H18, with petcoke following a similar trend. This is due to lower seaborne demand from China and Japan alongside capacity ...

Tanzania's coal supply expected to increase to support cement industry

14 September 2018, Published under Cement News

Tanzania’s State Mining Corp (STAMICO) has announced plans to increase coal production, which will support the cement industry as it has recently reported a shortage of the material. The coal shortage resulted in a rise in cement prices, according to The Citizen. "To implement the government directives, we will begin to sell coal to local cement producers and the surplus will be exported," said Alex Rutagwelela, acting exploration and drilling director. Despite currently producing 18,600t...

Cement prices fall in Bolivia

11 September 2018, Published under Cement News

Cement prices have started to decline in Santa Cruz, Bolivia, as competition intensifies on the back of a slowdown in the local construction sector. Prices have fallen to BOB44-48/50kg bag (US$6.37-6.95) from BOB52-56 per bag in March 2017. The number of construction works in the area is below levels recorded in 2015-16, with large projects delayed, according to Esmerk Latin American News. Cement that cannot be sold domestically is exported to Paraguay. Last year exports to the country re...

Mexican cement prices forecast to rise in 2018

04 September 2018, Published under Cement News

Cement prices in Mexico are expected to continue their rise this year. Cemex increased its cement price at the start and in the middle of the year by Cemex, "We have announced two price increases so far this year. The increase executed in cement was four per cent in the first six months of the year, compared to the same period of the previous year. In line with what we mentioned at the beginning of the year, we have adjusted our pricing policy to compensate for the impact of inflation," acco...

Holcim Mexico to raise prices of bagged cement

31 August 2018, Published under Cement News

Holcim Mexico has announced that the prices of its bagged cement products will increase by seven per cent from 1 September. The hike has been attributed to the high volatility in the exchange rate as well as rising costs, with energy prices rising up to 22.9 per cent. The company has reportedly implemented mitigation measures, such as increasing process efficiencies, to reduce the impact of the effects on production and distribution expenses.

CNBM reports strong pricing in 1H18

27 August 2018, Published under Cement News

CNBM’s Chairman, Cao Ganglin, reported that the average cement price over the first half of 2018 rose to RMB311/t in China. Speaking at a press conference, Cao said there was an upside trend for cement prices due to the current supportive demand-supply situation. Full-year demand is expected to stay stable.