Cement News tagged under: Pricing
Cade likely to impose fine on Brazil producers24 January 2014, Published under Cement NewsBrazil's antitrust watchdog Cade is likely to impose fines totalling BRL3.1bn (US$1.3bn) on six cement producers for alleged market collusion. Late Wednesday, four of five members of the board of Brazil's Administrative Council for Economic Defense, or Cade, voted for the penalties, while the remaining member requested a review of the process. Under the regulator's rules, during the review period Cade members can change their votes. Cade didn't offer a timetable for a final decision. Ac... |
China prices, inventories stable in January23 January 2014, Published under Cement NewsChina's cement prices and inventories were stable in January due to favourable weather conditions, a Deutsche Bank report has said. Cement supply and demand have been balanced in southern and eastern China, where producers aimed to keep prices steady. Deutsche Bank forecast cement prices to drop less than usual during the upcoming Chinese New Year. China's cement output rose 10.8 per cent YoY to 205.29Mt in December, the National Bureau of Statistics said. For the full year, cement out... |
UltraTech quarterly profit hit by subdued demand20 January 2014, Published under Cement NewsUltraTech Cement, the leading cement producer in India, reported a 38.43 per cent decline in net profit for the last three months of 2013 as sluggish demand leads to a weaker pricing environment. Net profit during the October-December quarter fell to INR370 crore compared to INR601 crore in the same period of 2012. Net sales in the three month period also declined marginally to INR4786 crores compared to INR4857 crore in the comparative quarter the year before. Domestic cement and cl... |
Kenyan prices hiked on new mining levy16 January 2014, Published under Cement NewsKenyan producers have raised cement prices following a new levy imposed by the Ministry of Mining. Najib Balala, the Cabinet Secretary for Mining, announced a KES140/t mining levy on cement on 18 December 2013, which translates to KES7/50kg bag. The decision has come much to the displeasure of some producers who have called the levy ‘unfair’ and ‘illegal.’ Due to the new levy, National Cement has increased its ex-factory prices from KES600 to KES625/50kg – after having reduced pri... |
Kenyan prices expected to rise10 January 2014, Published under Cement NewsA decision by Kenya's ministry of Mining to impose a levy on cement manufacturers is likely to see cement prices rise by KES10/50kg bag next week. “This new levy is a result of a negotiated settlement between the Government and cement makers for purposes of creating a level playing field between those who import finished products and those who have clinker,” said Pradeep Paurana, Chief Executive Officer, Athi River Mining (ARM) told local news. The new 1.5 per cent per tonne levy for ... |
Pakistan November dispatches decline, prices hold firm05 December 2013, Published under Cement NewsPakistan cement dispatches in November fell six per cent compared to the previous month but cement prices have risen by four per cent since the start of the current fiscal. Preliminary data shows that dispatches declined to 2.6Mt in November 2013 as the onset of winter hampers sales. However, on a YoY basis, sales were down by only two per cent. Domestic demand is expected to have reached 2Mt, down three per cent MoM but up by three per cent on an annual comparative basis. Exports, howeve... |
Vietnam’s balancing act04 December 2013, Published under Cement NewsThe economic slowdown and the real estate bubble in Vietnam have resulted in a sharp decrease in cement demand in the past few years and an oversupply is envisaged in the years to come. However, the overall surplus situation barely scratches the surface, as balancing regional supply and shortages poses a far more complicated issue that must quickly be addressed. By Huong Thieu and Duy Nguyen, StoxPlus Corp, Vietnam. While the north and central Vietnam faces a surplus cement supply sce... |
Uganda building materials prices decline27 November 2013, Published under Cement NewsUganda has seen a decline in building materials prices, including cement, due to a slowdown in construction activity as well as increased competition. The latest Uganda Bureau of Statistics Construction Sector Indices indicate that prices for cement, lime, diesel, iron sheets and other metal products dropped in the third quarter to September 2013 due to a contraction in demand and high competition between local imported products. A bag of cement now costs UGX26,000 (US$10.28) , down from... |
Lower pricing hits July-September profits, India15 November 2013, Published under Cement NewsIndian cement companies saw their profits drop over the July-September period due to higher cement prices and freight expenses. Average dispatches across the country were estimated to have increased by 3.5 per cent, according to Business Line. Meanwhile, coal expenses were also lower as the international market price was down 11 per cent YoY to US$78/t. However, the average cement prices were at INR279/50kg bag during the quarter, down seven per cent from INR300/50kg bag. In South Ind... |
Zambia watchdog to examine pricing factors06 November 2013, Published under Cement NewsZambia’s Competition and Consumer Protection Commission (CCPC) is to examine the upward adjustment is cement prices across four countries in sub-Saharan Africa. CCPC public relations officer Hanford Chaaba said in an interview with the Times of Zambia that the study being conducted with the support of the African Competition Forum (ACF) to determine the causes of cement prices rises in South Africa, Botswana, Tanzania and Zambia. “We have been monitoring this situation concerning price cha... |