Cement News tagged under: cement prices

RSS feed

UltraTech Cement reduces cement price in Jammu and Kashmir

03 January 2020, Published under Cement News

India’s UltraTech Cement has reduced the price of cement in Jammu and Kashmir following the abolition of a toll tax in Lakhanpur, according to the region’s Department of Information and Public Relations. As a result, the price is reportedly decreasing to INR380/bag (US$5.29) from INR445/bag. The goods toll, previously being enforced under the Jammu and Kashmir Levy of Tolls Act 1995, has ceased to operate with effect from 1 January 2020.

Cement prices are fluctuating in Pakistan

02 January 2020, Published under Cement News

According to a local research house, cement prices in north of Pakistan have declined from the recent peak of PKR550/bag (US$3.55/bag) (October 2019) and now they have fallen below PKR490/bag in some areas of north Pakistan. An analyst of Intermarket Securities Ltd attributes this fall to a drop in demand during the winter season as well as reportedly aggravated price competition by Cherat Cement (CHCC), which is trying to sell in other markets than its allocated areas. According to the r...

China sees strong cement demand at the end of 2019

12 December 2019, Published under Cement News

A financial data provider has reported that average prices of cement in big Chinese cities have picked up 15 per cent since September, ending eight months of decline. The central government also lowered capital requirements for infrastructure projects such as railways, ports and toll roads. Cement consumption in the fourth quarter in China exceeded expectations . "There is a pronounced rebound in infrastructure construction towards the end of the year," said Chen Bolin, China Cement Associa...

Ghacem to raise cement prices

11 December 2019, Published under Cement News

Ghacem has announced that the price of its bagged products will increase from Wednesday, 11 December, on the back of an increased cost of production. "Management wishes to inform customers that our cost of production has increased significantly due to the depreciation of the Ghana cedi against the major international currencies, increased utility tariffs, and fuel and port duties among others," said Nana Phillip Archer, commercial director for the Ghana-based company. "In view of this, w...

All-India cement prices fall in November

04 December 2019, Published under Cement News

All-India cement prices have reportedly fallen two per cent MoM in November on the back of reduced demand, according to Centrum Broking. The all-India average cement price in October-November was around INR303/50kg bag (US$4.23/50kg bag), down from around INR309 in the July-September quarter and a considerable decline from around INR360 in the 1QFY19-20.

Saudi Arabia set for recovery?

27 November 2019, Published under Cement News

While the latest data of the Saudi cement market has provided some reassurance in terms of the sector’s recovery, the reality on the ground urges more caution going forward as spending on megaprojects is only gradually picking up. However, there are positive signs such as emerging export opportunities and improving cement prices. By Pritish K Devassy, Al-Rajhi Capital Research, Saudi Arabia. Yanbu Cement, awarded Cement Plant of the Year in the recent ICR Cement Industry Awards 2019, ...

Malayan Cement Bhd on course for profits in 2020

07 November 2019, Published under Cement News

Malayan Cement Bhd is likely to turn a profit from 2020 onwards by reducing operating costs and implementing a cost rationalisation  initiative which began in 1H19, according to a research house. In the 1H19 Malayan Cement's net loss fell by 45 per cent YoY to MYR80.5m (US$19.4m) and while revenue was  down six per cent, operating costs declined by 12 per cent. The company has since benefitted from improved cement prices, up from MYR210 to MYR230/t in October. Analyst Affin Hwang Capit...

Uganda sees big drop in cement prices

17 October 2019, Published under Cement News

Uganda has seen increased competition and lower cement prices with the entry of Simba Cement (National Cement – Devki Group) and Kampala Cement. A 50kg bag now retails at an average price of UGX28,000 (US$5.70), down from UGX39,000 (US$10.80). While Hima Cement (LafargeHolcim)and Tororo Cement remain the dominant players, competition has been accelerated by the Ministry of Trade, Industry and Co-operatives' measures to fast-track licensing of new cement manufacturers.

Cement prices fall in Bangladesh

11 October 2019, Published under Cement News

Key building materials such as cement and steel rods have recorded a price decline in Bangladesh over the last three months on the back of sluggish demand, according to local traders. The demand for construction work has been negatively impacted by the monsoon season. As such, the price of cement has fallen by BDT40-50/50kg bag (US$0.47-0.59/50kg bag) when compared to prices in July. "Each 50kg bag of cement is now selling at between BDT420 and BDT460, depending on the brands," said Kh...

India's average cement prices rise in September

09 October 2019, Published under Cement News

All-India average cement prices increased around 3.2 per cent YoY to INR305-310/50kg bag (US$4.29-4.36/50kg bag) in September 2019. In particular, the improvement was led by a recovery in southern India which saw prices rise by 1.9 per cent YoY and 4.8 per cent MoM. While average cement prices in the trade segment remained broadly resilient in September 2019, demand momentum was negatively impacted by a protracted monsoon season and a slowdown in government spending, according to Business...