Cement News tagged under: cement price
INC drops Paraguayan cement prices17 October 2023, Published under Cement NewsThe 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 Malawi08 August 2023, Published under Cement NewsMalawi’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 Korea01 June 2023, Published under Cement NewsSouth 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 fall11 May 2023, Published under Cement NewsFijian 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 price20 March 2023, Published under Cement NewsTrinidad 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 authorities06 March 2023, Published under Cement NewsIn 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 price16 February 2023, Published under Cement NewsAverage 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 hike27 October 2022, Published under Cement NewsThe 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... |
Cement price in Ziguinchor falls to XOF88,00027 September 2022, Published under Cement NewsThe Regional Consumer Council (CRC) of Ziguinchor (South), Senegal, set the sale price of cement at XOF88,000 (US$129.81)/t following a meeting with stakeholders. A bag of cement will be sold at XOF4400/t. The new price, which represents a XOF2000 decrease, will be applied through the Ziguinchor region and first displayed in the various cement distribution locations, according to Ousmane Ka, head of the regional trade department. |
Dzata Cement calls for raw material VAT waiver06 September 2022, Published under Cement NewsGhana-based Dzata Cement has urged the government to grant waivers on VAT charged on cement raw materials. According to the Managing Director of Dzata Cement, Nana Phillip Archer, instability in the local currency had significantly pushed up cement producers’ operating costs and this would result in cement producers passing on the cost to consumers as higher cement prices. Nana Archer said the company also paid fumigation levy on its imports, whereas vessels that brought in the semi-fi... |