Cement News tagged under: cement price

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Cuban cement market sees 47% cement price hike

25 August 2017, Published under Cement News

Cement prices have increased 47 per cent from CUP112 (US$4.23)/42.5kg bag of P350 cement to CUP165. Lower-quality cement has seen its price jump from CUP89/bag to CUP109.20. Cuba’s cement industry is operating at only 58 per cent of its installed capacity due to logistic and power supply issues, according to Esmerk Latin American News. 

Paraguay: INC reduces cement price as output increases

08 August 2017, Published under Cement News

Paraguay-based Industria Nacional del Cemento (INC) has reduced cement prices to PYG36,500/bag from PYG39,800/bag - the third price reduction in the past four years. Production costs at the Vallemi plant are falling. The switch from fuel oil to petcoke has enabled the company to save US$20m. In addition, cement production increased to 180tpd from 80tpd during the same time frame. “From 1 January to Friday, 4 July 2017, 7246,884 bags were dispatched,” according to INC.

Cuban cement price sees 47% hike

20 July 2017, Published under Cement News

Cement prices in Cuba rose substantially at the end of last week with a bag of P350 cement now priced at CUP165, up from CUP112, at retail level. Lower-grade cement has increased in price from CUP89 to CUP109.20/bag. The price rise has affected many Cubans who are repairing or building homes.

Cement price increases to HNL216 in Tegucigalpa

12 May 2017, Published under Cement News

The retail price of cement in Tegucigalpa, Honduras, has increased to HNL216/bag (US$9.21/42.5kg) in the last few weeks, reports El Heraldo. In other parts of the country cement is cheaper with prices ranging between HNL197-205/bag. Domestic cement production has risen in the last two years, according to a report by the Central Bank of Honduras (BCH). Output increased from 35.8m bags in 2014 to 40.2m bags in 2015 and continued this trend the following year when Honduras cement produce...

Canacem: Mexico’s cement sector to grow 3% in 2017

12 May 2017, Published under Cement News

The Mexican cement sector is expected to grow by three per cent in 2017, as housing construction contracts, according to Osmín Rendón, president of the national construction chamber, Canacem. He said the cement price will continue to rise as in the last 5-7 years, but that the decision depends on individual companies and the pricing strategies they pursue. "Cement prices are diverse, there is no single price and this depends on the area and the brand. Each company will determine whether t...

Northern Indian producers implement second March price hike

22 March 2017, Published under Cement News

Cement price rises at the end of the financial year are generally avoided in India as they slow down sales, but this year cement producers in the north are breaking with “tradition”. They have decided to raise cement prices for a second time in March. Northern producers are raising cement prices by INR10 (US$0.15), taking the price of a 50kg bag to INR300-330. This follows a INR10-15 price increase at the start of the month. The second advance is the result of rising input costs. In t...

Gas price hike to raise Bangladeshi cement prices

27 February 2017, Published under Cement News

Following a hike in gas prices by Bangladesh Energy Regulatory Commission, a rise in the production cost and sales price of cement is expected in the country. The gas price for captive power and industrial sector has been increased by 15 per cent and 15.13 per cent, respectively, to be imposed in two phases between March and June this year. Local businessmen and experts were of view that it would impact the economy and argued that it is not the permanent solution to mitigate the gas cr...

Senegal turns to exports

13 January 2017, Published under Cement News

This week it was announced that the Senegalese government would impose a new tax on the price of cement in the country of XOF3/kg or XOF3000 (US$4.84)/t. There are just three cement producers in Senegal – Sococim (Vicat group), Société Cimenterie du Sahel (SCS) and Dangote Cement Senegal – and they are expected to raise cement prices to pass on the cost of the tax to consumers. The government's move is to help recover lost income from what they view as a highly profitable commodity. Sen...

Egypt: floating pound sends cement prices skywards

11 January 2017, Published under Cement News

Building materials prices have increased sharply in Egypt since the country floated the pound, according to industry sources. They said the price rise could threaten projects, force contractors out of the market and increase property prices by 30 per cent. The Central Bank of Egypt floated the pound last November to stabilise exchange rates as part of a wider structural and financial reforms programme. The currency has since fallen by more than 50 per cent against the US dollar to EGP18-2...

Indonesia: domestic cement sales weaken in November

09 January 2017, Published under Cement News

The first 11 months of 2016 Indonesian cement sales reached a total of 56.5Mt, up 2.8 per cent YoY from domestic cement sales in the same period one year earlier. However, domestic cement sales weakened 5.4 per cent MoM to 5.7Mt in November 2016, according to Indonesian Investments. Meanwhile, in the first 11 months of 2016 Indonesia exported 1.5Mt of cement, up a massive 52.2 per cent YoY. Semen Indonesia and Holcim Indonesia  saw their market share fall more than six per cent in Nov...