Cement News tagged under: cement price

RSS feed

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...

NOCIBE raises cement price

26 August 2021, Published under Cement News

Nouvelle Cimenterie du Bénin (NOCIBE) will increase the price of cement from its plants from 1 September 2021. CEM II 32.5 R cement will cost XOF64,617/t (US$115.96/t), including tax while CEM II 42.5 R cement will be sold at XOF66,997/t, including tax. NOCIBE runs a 1.5Mta integrated cement works at Massé, Benin, and is the country’s largest cement producer.

Vietnam prices up as costs increase

26 April 2021, Published under Cement News

Selling prices of cement in Vietnam have recently increased by VND30,000-40,000 (US$1.29-1.72)/t as production costs have increased, according Luong Duc Long, vice president and general secretary of the Vietnam National Cement Association. Local cement producers have considered raising the price since the end of 2020 as raw material, labour and freight costs have continuously increased. The retail price of cement in Vietnam’s northern region is VND1.2m-1.3m/t while in the south it is VND...

Argentine cement price up 5%

06 April 2021, Published under Cement News

The price of a 50kg bag of cement in Argentina saw a five per cent increase to ARS820 (US$8.90) on 3 April 2021, according to El Liberal newspaper. The latest price rise has seen prices increase cumulatively by 20 per cent since December 2019.

El Salvador market contracts 8% in 10M20

15 February 2021, Published under Cement News

Apparent cement consumption in El Salvador in the January-October 2020 period declined 8.3 per cent to 25,558,640 bags of 42.5kg, or 1.086Mt, according to the country’s construction chamber, CASALCO. In the equivalent period of 2019, apparent consumption reached 27,881,320 bags or 1.185Mt. The ex-works price of cement remained stable in December 2020 at US$7.57/42.5kg bag but at retail level the price for bagged cement edged up 1.2 per cent YoY and 0.2 per cent MoM to US$8.41/bag