Cement News tagged under: cement prices

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INC raises cement price

16 October 2020, Published under Cement News

Paraguayan cement producer INC has increased the price of a bag of cement by PYG2500 (US$0.42). The company is now selling cement for PYG39,800/bag. The company has attributed the need to increase cement prices due to higher transport costs. The low water level in the Paraguay river has led to the need to use trucks to move raw materials and has also resulted in cement shortages in the country. INC is aiming to maintain supply at 35,000-40,000 bags/day.

Cement prices rise in Malawi

27 August 2020, Published under Cement News

Cement prices in Malawi have reportedly increased by 33 per cent in the past two weeks to MWK8000 (US$10.79) per 50kg bag, with the hike attributed to a shortage, according to The Business Times (Malawi). Cement Products Ltd (CPL) has condemned traders for raising the prices saying the wholesale price has not changed. Meanwhile, the country’s Ministry of Trade has reported that the increase is due to a rise in the price of imported cement from Zambia. "We are in talks with the local ma...

Bangladesh cement prices remain stable

24 August 2020, Published under Cement News

The price of a 50kg bag of cement in Bangladesh is remaining stable after a sudden hike in 2019, according to The Financial Express. "Currently, we are selling a bag of cement at BDT400-440 (US$4.7-5.2) varying from one manufacturer to others," said Wahid Uz Zaman, a dealer in the city's green road. "People are now investing less on construction works, considering the disruptions in economic activities caused by the coronavirus pandemic," he said. "Our sales volume has dropped to one-t...

Two cement shipments set to arrive in Libya

14 August 2020, Published under Cement News

A ship transporting 4400t of bulk cement has arrived at Tobruk port, Libya, according to the country’s state news agency, LANA. Another shipment of around 3850t of cement is also expected to enter the port in the coming days. The Libya Herald also reported that domestic cement prices climbed to LYD75/t (US$53/t) at the start of August, compared to around LYD30/t in the same month of 2019.

Indian cement prices struggle in July

20 July 2020, Published under Cement News

All-India cement prices declined by one per cent to INR366/50kg bag (US$4.88/50kg bag) in July, according to Kotak Institutional Equities. Prices in southern India also declined one per cent MoM in July. In the northern and eastern markets prices fell by two per cent and one per cent, respectively, while prices in the west and central India remained resilient. The price difficulty has been attributed to a range of reasons, with northern dealers reporting a lack of new construction acti...

Ethiopia's cement prices begin to stabilise

22 June 2020, Published under Cement News

Ethiopia’s Ministry of Trade and Industry has confirmed that cement prices have been stabilising in the country, as a result of regulatory measures taken by the Ministry, according to New Business Ethiopia. Cement prices had almost doubled to around ETB450/50kg bag (US$13) recently, reportedly due to some major suppliers not producing at full capacity and issues with hoarding of the product. Since a shortage of imported material was the reason for the fall in production, the Ministry h...

Indian cement prices may increase this week

04 May 2020, Published under Cement News

An INR20 (US$0.26) price hike on all grades of cement in India could take place on Friday, according to The New Indian Express. Before the increase, the price of a 50kg cement bag rests between INR300-80 depending on the grade. Some producers are reporting that, following the permission to start-up operations again, it will take time to scale up production because of the lack of the required workforce, raw materials and transportation, amongst other reasons. However, since wages and other...

Cement scripts financial results season at PSX

23 April 2020, Published under Cement News

According to a report issued by Al Habib Capital Markets (Pvt) Ltd, Pakistan's leading cement companies, including Maple Leaf Cement, Lucky Cement, DG Khan Cement and Kohat Cement Co, are all set to announce their 3QFY20 financial results on 23 April 2020, while Cherat Cement Co is scheduled to declare its 3QFY20 financial result on 28 April 2020.   Cement sector earnings are expected to fall in 3QFY20when compared with the year-ago period, according to Al Habib analysts. The research house...

Chinese infrastructure construction sees boost

14 April 2020, Published under Cement News

Chinese infrastructure construction has reportedly been stepped up across the country as the government increases funding in the sector, states Xinhua News Agency. The production and prices of construction materials, including cement and steel, have also seen an increase. The work resumption rate of the cement industry reached 94 per cent as of 6 April, according to data from the Ministry of Industry and Information Technology.

Egyptian cement prices fall 3% in March

01 April 2020, Published under Cement News

The price of Portland cement in Egypt fell 2.5 per cent MoM to EGP780/t (US$49.4/t) in March 2020, compared to EGP800/t in February, according to the Central Administration of Needs and Building Materials. White cement prices remained stable at EGP2400/t during the first three months of 2020, the report added. Elsewhere, ready-mixed concrete prices remained stable YoY at around EGP725/m 3 in the 1Q20.