Cement News tagged under: Prices

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Egyptian cement prices rise EGP250/t in March

09 April 2018, Published under Cement News

Egyptian cement prices increased by EGP250/t (US$14.14/t) to reach EGP1100/t at the beginning of March, reports Ahram Online. This has been attributed to some manufacturers using a halt in production in Sinai to raise prices, according to members of the Building Materials Division of the Cairo Chamber of Commerce.  The cement price hike is part of a wider increase in the cost of building materials, which could result in a 15-20 per cent rise in real estate unit prices over the year. “Rea...

Imported petcoke prices rise to a multi-year high in March

19 March 2018, Published under Cement News

The price of petcoke imported to India has risen to a multi-year high in March. This has been attributed to both increased demand and a supply shortage because of maintenance work undertaken by refiners, reports Mint. "Indian demand for petcoke is around 23-24Mta, while domestic supplies total up to around 14Mta. Suppliers are not in a rush to sell into the Indian market for there is some healthy demand from other regions like Latin America," said Deepak Kannan, managing editor of Asia The...

ACC and Ambuja to supply discounted cement to each other

13 March 2018, Published under Cement News

ACC Ltd and Ambuja Cements have agreed to supply cement to each other at a discount, according to Bloomberg. The agreement also covers the supply of clinker, fuel, fly ash, slag and gypsum. According to the pricing formula, either company would receive a five per cent discount on the average net selling price. Cement prices in India Cement prices have fallen across India in March, according to the Kotak Institutional Equities’ dealer survey. Prices have decreased by INR9/bag (US$0.14/bag...

Cimentos de Mocambique denies responsibility for price rises

06 March 2018, Published under Cement News

Cimentos de Mocambique (CM), which operates two cement factories in the northern province of Nampula, has denied authorising any increase in the price of its product. Jorge Reis, the managing director of CM, said his company has nothing to do with the sudden increases in the price of cement charged by retailers, All Africa confirmed. In the last two months the price of a 50kg bag of cement produced at the CM factories in Nacala has risen from MZN470 (US$7.50) to a maximum of MZN610 (US$9...

Uzbekistan cement manufacturers to sell at fixed prices

29 January 2018, Published under Cement News

Uzbekistan’s cement manufacturers plan to open points of sale at fixed prices to customers, in the hope that this will prevent speculation in the market. Qizilqumsement JSC and Bekabadcement JSC have already begun this initiative, according to Trend News. The points of sale are expected to open in all major cities and districts of the country. The cost of cement in the country varies between UZS430,000-490,000/t (US$52-60/t), depending on region. Uzbekistan has a total capacity of 8.5Mta ...

Vietnam cement consumption reaches 62Mt in 2017

10 January 2018, Published under Cement News

Vietnam’s demand for cement increased seven per cent YoY to 62Mt in 2017, according to the Department of Price Management, Ministry of Finance. The rise in cement sales has been attributed to a rise in construction projects, particularly in the real estate and transport sector. However, when compared with 2016, the increase was marginal as prolonged rains and storms impacted sales. Cement consumption in December advanced three per cent to 6.5Mt with prices reported as stable as inputs...

Mexican cement producers raise prices

10 January 2018, Published under Cement News

At the start of the new year, Mexican cement producers have raised the price of grey cement between 6-10 per cent, according to Ramiro Páez Cruz, president of the Mexican Association of Independent Concrete Co (AMCI). Cruz Azul and Fortaleza raised the prices of their products by five per cent while the increase by Cemex, Moctezuma and Holcim was 6.25, seven and 10 per cent, respectively. The increases in cement prices will be passed on to the customers, said Mr  Páez Cruz with concre...

Cement prices in Nepal rise sharply due to clinker shortages

29 December 2017, Published under Cement News

The tightening supply of cement amid a backdrop of increased demand has resulted in a sharp rise in cement prices in Nepal, with both cement manufacturers and retailers increasing prices in recent weeks. Cement prices in Chabahil, Kalopul, Gausala and Maitidevi have increased by NPR100 (US$0.97) per sack over the past week, according to a survey by The Himalayan Times. The price of a sack of Ordinary Portland Cement (OPC) rose by NPR100 per sack to NPR950 per sack. Meanwhile, a sack of Po...

Call to investigate recent local price hikes in China

07 December 2017, Published under Cement News

Some Chinese cement producers and suppliers were taking advantage of Beijing’s environmental crackdown to artificially hike prices, according to the Wuhan Concrete (Mortar) Association. This has led to the suspension of some construction projects. "Particularly upstream cement producers and suppliers have taken the opportunity to exaggerate the impact from the environmental crackdown and output cuts to raise prices in a disorderly way multiple times in November and make supplies artificia...

Possible power price hike to increase Vietnamese production costs by US$35m

06 December 2017, Published under Cement News

Vietnamese cement producers can expect a production cost rise by around VND800bn (US$35.2m) annually if a hike in power prices comes into effect, according to local industry sources. Vietnam’s Prime Minister, Nguyễn Xuân Phúc, recently approved a 6.08 per cent rise in retail electricity prices to VNC1720.65/kWh (excluding VAT), effective from 1 December. If the price hike is extended to industrial power prices and given the country’s current cement output of 86Mta, the industry will s...