Cement News tagged under: cement price

RSS feed

Dominican cement price rise affects housing construction

01 July 2024, Published under Cement News

In the Dominican Republic, cement prices, as represented in the Direct Cost of Housing Construction (ICDV), have increased by 49.3 per cent between January 2020-April 2024, according to the Dominican Association of Housing Builders and Developers (Acoprovi). This is causing inflationary pressures and increasing the cost of housing construction as cement represents 18 per cent of construction costs. In 2024 to date cement prices have advanced by eight per cent with an extra six per cent ant...

Ghana sees cement price hike

07 May 2024, Published under Cement News

Cement traders are seeing price hikes despite stable fuel prices, according to Ghana Business News. All three grades of cement produced by Ghana Cement (Ghacem) have seen an upward trend. A bag of Super Cool cement increased from GHS82 (US$5.95) to GHS88 while Super Rapid now sells at GHS95, up from GHS87. Super Strong cement is now supplied at GHS105 from GHS95. The price of iron rods has also been reported to have increased from GHS6500/t to GHS700/t or more. Meanwhile, Ghana's stat...

INC drops Paraguayan cement prices

17 October 2023, Published under Cement News

The price of cement produced by Paraguay’s Industria Nacional del Cemento (INC) will be reduced by PYG2000/bag (US$0.27/bag) and by up to PYG40,000/t for bulk cement, according to the country’s president Santiago Peña. “The construction sector is key to generating jobs, that is why we achieved a reduction of PYG2000/bag of cement produced by the INC, in all types and up to PYG40,000 less in bulk,” said Mr Peña. Composite Portland cement (CPII-C40) will be sold at PYG55,000/bag, while the ...

Forex shortage leads to cement scarcity in Malawi

08 August 2023, Published under Cement News

Malawi’s Minister of Finance and Economic Planning, Sosten Gwengwe, has attributed the scarcity of cement in the country to a shortage of foreign currency. He was responding to a question in parliament of Rumphi West Member Yona Adadawiza Mkandawire who suggested that the government should encourage cement imports. He said that the ministry has engaged the Reserve Bank to support local producers of cement and other key products. “It is these local producers who are generating forex, theref...

New cement price rises expected in South Korea

01 June 2023, Published under Cement News

South Korea’s cement industry is likely to increase cement prices by 14 per cent from July, citing the impact of sharply rising electricity prices and currency exchange rate as the main drivers. Ssangyong C&E Co , one of South Korea’s key cement producers, recently sent a letter to concrete suppliers stating its intention to increase bulk prices by 14.1 per cent to KRW119,600/t (US$90.36/t )from KRW104,800/t, according to local reports. The country’s other six cement producers are now e...

Fijian cement prices fall

11 May 2023, Published under Cement News

Fijian cement prices are set to fall following the decline in prices for imported clinker.  Pacific Cement PTE Ltd will implement new prices for its general blended bag cement and general-purpose bulk cement in Fiji this week, said the Fijian Competition and Consumer Commission (FCCC). “FCC has issued an Authorisation to Pacific Cement PTE Ltd, authorising General Blended Cement and General Purpose Bulk Cement, decreasing by 11.29 and 14.23 per cent respectively,” said the FCCC. “The ...

TCL raises cement price

20 March 2023, Published under Cement News

Trinidad Cement Ltd (TCL), part of CEMEX, will increase its cement prices by 20 March 2023. TCL TTD43.65 (US$6.44)/42.5kg bag and by eight per cent for Premium Plus to TTD47.83/bag. “Cement prices are in fact set to be marginally adjusted, taking into consideration some of the rising cost factors with which TCL is faced,” said the company. While cement is locally produced and had not been affected by the same price volatility as lumber and steel, the cost of local inputs, which account f...

Cement price in Mauritius now set by authorities

06 March 2023, Published under Cement News

In Mauritius a 25kg bag of cement will now cost between MUR158-175 (US$3.39-3.76), depending on the location on the island, following an amendment to the Consumer Protection Regulation (Control of Price of Taxable and Non-Taxable Goods) 1998 legislation. The act allows the Ministry of Commerce to determine the maximum selling price for cement to prevent any potential increase affecting consumers, according to Le Mauricien. In addition, the State Trading Corp is also considering ways to int...

El Salvador sees increase in Portland cement price

16 February 2023, Published under Cement News

Average bagged cement prices in El Salvador saw YoY increases in January 2023, according to the country’s construction chamber, CASALCO. The price of a 42.5kg bag of Portland cement for ex-works delivery  increased 6.1 per cent US$8.58 in January 2023 from US$8.09 in January 2022. At retail level, the price of the same bag increased by 3.7 per cent YoY to US$9.16 from US$8.83 in January 2022.

Spain’s cement price sees record hike

27 October 2022, Published under Cement News

The price of cement in Spain hit a record high as it increased by 18 per cent in September, the highest increase since the historical series started in 2002, according to the country’s National Institute of Statistics (INE). In May the cement price increased by 14.3 per cent YoY and increases accelerated further in June to 16.5 per cent, followed by further increases in July and August, when the price saw a 16.8 per cent advance, noting new records. Prior to May, the largest increase in ce...