Cement News tagged under: Pricing
Vietnam cement prices drop on weak demand23 July 2012, Published under Cement NewsThe price of cement in Vietnam has dropped to VND100,000/t (US$4.8) in the first half of 2012 due to low demand and high stockpiles, according to the Vietnam Cement Association. For the six months to June 2012, cement production and consumption fell 10 per cent YoY to 24.3Mt and 23.6Mt, respectively. Local producers have exported 3Mt of clinker and 700,000t of cement in the first half of the year. (Source: Vietnam News Agency Bulletin) |
Dominican Republic cement prices rise20 July 2012, Published under Cement NewsThe president of the Dominican Republic’s housing builders and developers grouped in Acoprovi expressed surprise at the rising price for a bag of cement charged by some producers, Dominican Today reports. Fermin Acosta’s reaction comes just days after the price of a bag of cement increased by 30 pesos. "We weren’t expecting an increase, on the contrary, considering that there’s been lower prices for a barrel of oil in international markets for several weeks, leaves us with no reasonable cau... |
ACC seen posting 12 per cent rise in 1QFY13 net profit19 July 2012, Published under Cement NewsACC is likely to post a 12 per cent YoY rise in net profit at INR3.78bn for the first quarter of the current fiscal (FY12-13), according to the average of 22 brokerages' estimates, Moneywire reports. India’s second-largest producer, in which Holcim holds a 50.3 per cent stake, is expected to post a 13 per cent rise in net sales for the quarter at INR27.25bn. On a QoQ basis, net sales are seen declining five per cent. However, net profit Apr-June is not strictly comparable with the previou... |
Assam cement producers cut prices, India17 July 2012, Published under Cement NewsCement producers in the northeastern Indian state of Assam have cut prices by 7-8 per cent per bag, according to reports in the Economic Times of India. The newspaper writes that manufacturers based in Assam have been criticized for not lowering prices despite enjoying subsidies under the North East Industrial and Investment Promotion Policiy (NEIIPP) 2007. Cement prices have now dropped in the range of INR25-30/bag. Leading cement companies – which have been selling cement at INR370 /... |
Cemex to increase Mexican cement prices16 July 2012, Published under Cement NewsCemex announced that it is to increase cement prices in Mexico by an average of six per cent per bag as of today. The company said the hike, which was announced last week, is due to rising input costs. "In order to compensate for the constant increase in rates and prices of major inputs, Cemex announced its dealers an average price increase of MXP120 /t (US$9) of grey cement, equivalent to an increase of six pesos per bag, from next Monday 16 July." Increases in petcoke, fuel oil and ... |
Steppe Cement first-half sales edge ahead, Kazakhstan16 July 2012, Published under Cement NewsKazakhstan-based cement producer Steppe Cement has reported a rise in cement sales for the first half of 2012 and sees domestic demand increasing by low double-digits for the full year. For the six months to June 2012, Steppe Cement sold 615,838t, a rise of two per cent compared to the same period of last year. Sales revenue during the period rose 23 per cent to KZT7728m (US51m). The average price for the current period for delivered cement, exculding VAT, was KZT12,549/t (US$84) compa... |
Court puts industry fine on hold, Argentina13 July 2012, Published under Cement NewsArgentina’s Supreme Court has put on hold a ARS$300m (US$66m) fine imposed on cement companies in 2005 by the competition authority CNDC based on evidence of alleged collusion and dividing the market between them. The cement companies listed are Loma Negra, Cemento San Martin, Juan Minetti, Cementos Avellaneda and Petroquimica Comodoro Rivadavia that have been contesting the ruling since. |
Pakistan cuts Indian cement export prices10 July 2012, Published under Cement NewsPakistan cement producers have cut export prices for India by 13 per cent due to currency movements. The Business Recorder of Pakistan reports that due to the depreciation of the Pakistan rupee, cement producers have reduced export prices by US$/9/t. As such, cement is now being exported to India at an average price of US$60/t compared to US$69/t previously. Market sources said this will help capture the Indian export market which holds much potential despite challenges such as transpo... |
Ghacem responds to World Bank comments28 June 2012, Published under Cement NewsGhana’s leading cement producer, Ghacem, has refuted a report by the World Bank that the company is enjoying dominance over the domestic construction sector. The World Bank is reported to have expressed concerns over the control of Ghacem and Diamond Cement over the local building sector, thus suppressing competition which is having a negative impact on cement prices and supply. However, Ghacem’s strategy and corporate affairs director, Dr George Dawson-Ahmoah has denied these criticis... |
Argentinian Court of Appeal rejects cartelisation appeal25 June 2012, Published under Cement NewsArgentina’s Court of Appeal has rejected the appeal made by Loma Negra, Juan Minetti, Cementos Avellaneda, Petroquímica Comodoro Rivadavia and Cemento San Martín, upholding the previous price-fixing ruling and the multi-million peso fines attached. The companies were awarded fines of ARS300m (US$66.5m) as penalty for anti-competitive practices between 1981-99. Loma Negra will be expected to pay ARS138.7m, Juan Minetti ARS100.1m, Cementos Avellaneda ARS34.6m, Cementos San Martín ARS28.5m... |