Cement News tagged under: cement price

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Ghana sees cement price rise

16 June 2022, Published under Cement News

The price of a 50kg bag of cement in Ghana is to increase by more than GHS5 to reach GHS66 (US$8.30) from 15 June 2022. According to JoyBusiness, the country’s cement producers are hoping this will offset some of the costs of transporting the cement to other parts of Ghana. This comes on the back of a rise in production costs due not only to the increase in fuel prices affecting transportation costs, but also a recent depreciation of the Ghanaian Cedi. These challenges have been further c...

Benin government fixes new retail prices

25 March 2022, Published under Cement News

To avoid significant market speculation around the price of cement, the Benin government set the retail price of cement by department on 23 March 2022. The price of cement is capped at XOF74,000/t (US$123.94/t) in Porto-Novo and Ouémé- Plateau, XOF75,000/t in Cotonou and Atlantique-Littoral and XOF77,000/t in Comè and Mono-Couffo. In Parakou/Borgou and Djougou/Donga the maximum price for a tonne of cement is XOF82,000 while in Natitingo/Atacora and Kandi in Alibori the price is set at XOF8...

Honduras sees cement price increase

07 March 2022, Published under Cement News

The price of bag of cement in Honduras has edged up HNL10 in the last few days, making civil works and access to housing for the local population more expensive, according to La Tribuna. A 46kg bag of cement now costs HNL210, up from HNL200 last month, in the capital Tegucigalpa’s shops, said Silvio Larios, executive director of the Honduran construction chamber, CHICO.

Mali sees 10% cement price hike

02 March 2022, Published under Cement News

The price of cement in Mali has increased by 10 per cent from XOF100,000 (US$170.59) to XOF110,000/t in the past week. Traders have attributed the price rise to the embargo imposed on Mali by ECOWAS through the closure of borders, according to Mali Actu.

Burundi authorities request consultation in Buceco price hike

10 January 2022, Published under Cement News

Buceco has raised its price for a bag of cement from 1 January 2022, informing all its approved sales agents that prices per 50kg bag would be increased from BIF24,500 (US$12.21) to BIF27,500 for 32.5R cement and from BIF30,000 to B-F33,000 for 42.5R cement. However, Burundi’s Ministry of Commerce, Industry and Tourism has asked the cement producer to suspend the application of the price rise, which it considers unilateral and detrimental to local consumers. The Ministry of Trade has asked...

South Korea's cement producers plan 18% price rise

05 January 2022, Published under Cement News

Major cement manufacturers in South Korea will be implementing a further rise in wholesale prices as the construction industry in the Asian country gathers pace, according to Maeil Business Newspaper. This follows a 5.1 per cent price rise from KRW75,000 (US$62.63)/t in July 2021, the second rise in a year following a price freeze since 2014. Ssangyong C&E has decided to lift the price of its first-class bulk cement to KRW93,000/t from February, representing an 18 per cent hike when compare...

Cement price stabilises in Lubumbashi

22 October 2021, Published under Cement News

The price of grey cement in Lubumbashi, Democratic Republic of Congo, is stabilising at CDF15,000-16,000/bag (US$7.58-8.09), when compared with CDF20,000-25,000 in previous years, according to ACP, the Congolese press agency. The trend is due to an increase in domestic cement production from CARRILU and Grande Cimenterie du Katanga, which came online 10 months ago. In addition, the market supply is supplemented by imports from Zambia.

Iran’s Mercantile Exchange sets up separate cement trade hall

22 September 2021, Published under Cement News

The Iran Mercantile Exchange (IME) will set up a separate hall for cement trades from 25 September 2021, according to IME’s director for market operation. Following the announcement of the Ministry of Industry, Mining and Trade on banning the purchase and supply of cement outside the commodity exchange and determining the time for the presence of buyers and sellers of cement in the commodity exchange, the process of admission of cement companies and buyers to the exchange has accelerated. ...

Zambia’s cement output up 5% in 2021

22 September 2021, Published under Cement News

Cement production in Zambia in the first half of 2021 increased by five per cent to 1.2Mta, compared to 1.1Mta in 2020, according to data from the Ministry of Mines and Minerals Development. Cement prices rose to ZMW130 (US$7.89)/50kg bag from just under ZMW90 as cement companies cited a gypsum shortage as a contributing factor.

Clinker shortage result in surge in Mozambique prices

17 September 2021, Published under Cement News

Due to a shortage in clinker supply, prices of cement in Cabo Delgado, Mozambique, have surged. Retail prices of cement are now priced at MZM700-800/50kg, up from MZM500-520/bag. The lack of clinker is caused by challenges in maritime navigation, which has impacted clinker imports in Cabo Delgado and northern Mozambique, according to Club of Mozambique. The clinker shortage has led to the 30-day closure of Fabrica de Cimentos de Cabo Delgado’s 0.25Mta grinding plant in Metuge district, w...