Cement News tagged under: Pricing

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Manaus cement plants face watchdog warning

03 September 2020, Published under Cement News

Two cement plants in Manaus, Brazil, have received warnings from Procon, the consumer watchdog in the state of Amazonas. The organisation has requested clarification regarding prices charged since March 2020. Both plants have been given five days to present a defence and receipts to Procon, according to Esmerk Latin American News. The warnings follow the publication of studies that the price of cement in Manaus is higher than in seven other  state capitals at BRL45 (US$11.73)/bag, compared...

Cement prices in Punjab rise after trade suspension

03 September 2019, Published under Cement News

After the suspension of trade between India and Pakistan on 10 August, the price of cement in Punjab has increased by almost INR100/bag (US$1.38/bag), according to the Hindustan Times. Therefore, the price of a cement bag has risen from INR260-275 to INR360-375. "Since Pakistan suspended trade with India, comparatively cheaper Pakistani cement has triggered a price rise in the domestically manufactured cement," said MPS Chatha, president of the All India Cement Importers Association. Befo...

Rise in India's cement prices falters

18 June 2019, Published under Cement News

Cement price rises in India, which started in India, have started to reverse, according to LiveMint. In June average prices fell to INR361 (US$5.17)/50kg bag, down by INR7, according to Kotak Institutional Equities Ltd. Price reductions were mainly led by southern and western Indian companies, which reduced prices by INR8-11/bag MoM. The fall in prices can be attributed to a drop in demand in June. While in April volumes increased one per cent YoY to 28.7Mt, throughout the April-June q...

Producers: cement prices unsustainable in Peninsular Malaysia

17 June 2019, Published under Cement News

Cement prices in Peninsular Malaysia, which have been declining since 2016, have a reached an unsustainable level as production costs have increased, according to the country’s cement producers. While the Cement and Concrete Association of Malaysia said it cannot comment as cement prices are set by individual manufacturers independently, it highlighted the capital-intensive nature of the cement industry and the need to have a reasonable return on its investments to meet the expectations of...

Ecebol to start cement sales in August

13 June 2019, Published under Cement News

Bolivian state-owned producer Empresa Pública Productiva de Cementos de Bolivia (Ecebol) will start selling cement from its new Oruro works in August. According to the manager of the Development Service of Public Productive Enterprises (SEDEM), Patricia Ballivián, the current cost of the cement is the most expensive in the region and the company will serve to increase competition in the domestic market and set “a fair price” for the population and construction companies. “We already have...

Namibia cement demand remains weak

02 May 2019, Published under Cement News

Competition between cement producers has brought down prices as domestic demand remains fairly low when compared with increasing supply, according to First Capital. In March 2019 domestic production capacity has more than doubled to 2.2Mta, when compared with 1Mta in March 2018 as Whale Rock entered the market. However, local demand remains at 0.6Mta. This has led to a fall in prices with First Capital highlighting a drop of 10.4 and 10.1 per cent for semi- and high-strength cement, respe...

Philippine DTI: no price cap on cement for now

01 May 2019, Published under Cement News

The Philippine Department of Trade and Industry (DTI) has rejected the call for a price cap on local cement at present, but it may take action when prevailing market prices reach PHP240 (US$4.64)/bag. “There is no need for now. I’ll look into the numbers,” Trade Secretary, Ramon Lopez, told reporters Monday when asked if the government would intervene in the market and set a price cap for cement. “Let’s say prevalent price is PHP240, then, we can come in and put it back to PHP220-225,” he ...

Lafarge Malaysia expects subdued demand, higher prices

09 April 2019, Published under Cement News

Lafarge Malaysia expects subdued domestic cement demand to continue in 2019 but prices are anticipated to increase due to higher production costs. A report in the Edge Financial Daily states that the recovery in the property market will take longer as the oversupply overhang and affordability issue continues to plague the industry. The potential revival of the East Coast Rail Link (ECRL) project is positive for the group as it had secured a cement supply contract previously, the report ad...

UltraTech

01 April 2019, Published under Cement News

UltraTech Cement met with the Indian state government earlier this month to discuss spiralling cement prices in the southern state of Andhra Pradesh. Some cement companies have increased prices by INR40-60 (US$0.58-0.87)/50kg bag on the back of rising demand. Andhra Pradesh is seeing huge infrastructure construction activity, along with the building of a new capital city in Amaravati, near Vijayawada. Cement consumption in Andhra Pradesh and the neighbouring state of Telangana hit a combi...

Wagners suspends cement supply to Boral

19 March 2019, Published under Cement News

Wagners Holding Co Ltd has suspended the supply of cement to Boral Ltd for six months after Boral had issued a third-party pricing notice to Wagners under their cement supply agreement. Boral has seen that it can obtain cement supplies cheaper than the price Wagners is offering. Boral's market price is in the form of an unsigned offer and Wagner's believe it may not be genuine. Wagners has commenced a formal process to disrupt the validity of the action, says Proactive Investors. Wagners...