Cement News tagged under: cement prices

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Pakistani cement prices to rise from July

17 June 2019, Published under Cement News

Following the Pakistani government’s increase of the Federal Excise Duty (FED) on cement to PKR100 (US$0.64)/50kg bag from PKR75 in the FY29-10 budget, cement prices are forecast to rise further from July by PRK25-35/bag. The price of other construction materials is also expected to rise. Going forward, the cement price will also be affected by a hike in fuel prices and higher customs duty on the import of coal.

Cement prices rise in Vietnam

13 June 2019, Published under Cement News

Cement producers in Vietnam have reportedly begun to hike prices due to rising electricity prices at the peak time for construction, according to Vietnam News. SCG Vietnam has announced to its distributors that its cement prices would increase by VND29,700/t (US$1.27/t) including VAT, starting this Sunday. Vicem Hoàng Mai Cement also increased prices by VND30,000/t from the start of June. Nguyen Van Sua, vice chairman of the Vietnam Steel Association, has stated that the cost of power has...

BAI calls for regulatory authority to investigate cement price hikes

03 June 2019, Published under Cement News

Mr V Sivarajan, president of the Builders' Association of India (BAI)'s Coimbatore branch, has hit out against recent price rises established by India's cement sector. The retail price of a 50kg bag of cement was INR270 (US$3.88) two months ago but now it is INR400 (US$5.76). "The prices of raw materials, transport or labour did not go up for the cement industry," Mr Sivarajan said. "So there is no reason for the price rise." Mr Sivarajan announced that the BAI would appeal to the Union ...

Cement prices increase in northern Pakistan

30 May 2019, Published under Cement News

Cement manufacturers in the northern region of Pakistan have reportedly increased the price of cement to rationalise their profit margin. As per BMA Capital channel checks, cement prices in the country's northern region have increased by PKR20‐25/bag (US$0.13-0.17), varying between cities. The new price range stands between PKR450‐ 550/bag (US$2.97-3.64). According to analysts at research house BMA, the price improvement came on the back of a supply adjustment following almost a month ...

Philippines sees 64% increase in cement imports for 1Q19

23 May 2019, Published under Cement News

The domestic cement industry of the Philippines has reported a 64 per cent increase in imports during the first quarter of 2019. Data presented during the first public hearing conducted by the Tariff Commission on the cement import safeguard measure showed total cement imports of 1.74Mt from 1.06Mt in the 1Q18, according to The Manilla Bulletin. Imports reportedly continued to rise despite the imposition of the provisional PHP8.40/bag (US$0.16/bag) safeguard duty imposed in February this ...

India’s return to stability

22 May 2019, Published under Cement News

While India’s cement consumption saw a strong double-digit advance in 2018, such rates are unlikely to be sustainable and expectations are that consumption growth will moderate to more stable levels in 2019. Gradual improvements in capacity utilisation rates and input costs are also on the cards, while the outlook for prices still remains unclear despite an upswing in some regions at the start of this year. The Indian market is expected to moderate to more stable levels of growth in 2...

Cement prices rise 43% in the Dominican Republic

16 May 2019, Published under Cement News

The president of the Cibao Housing Promoters and Builders Association, Anthony Canaan, has denounced a 43 per cent price hike in cement prices in the Dominican Republic, according to the Dominican Today. Mr Canaan noted that stability in the exchange rate and prices of different raw materials means there is no justification for the increase. "In recent days we have received an unjustified increase in the raw material for construction," said Mr Canaan. "Currently the different cement distr...

Like the Big Muddy

10 May 2019, Published under Cement News

The US Central Plains area is a key US cement market with demand following a slow but steady course, much like the Mississippi River that flows through it. However, recent years have seen dramatic shifts in the ownership of several cement producers and the modernisation of the industry. By Rob Roy, ROI Economic Consulting, USA. The Mississippi River system provides the domestic cement industry with an efficient transportation system to ship its final product to some of the country’...

Cement prices in Pakistan's northern region to advance

26 April 2019, Published under Cement News

According to BMA Capital Management Ltd, cement prices in northern Pakistan are expected to increase by PKR15‐20/bag (US$0.10-US$0.14/bag), effective from 1 May 2019, supported by supply adjustments. An analyst's market assessment suggests that the price jump, if sustained, will be followed by another PKR20‐25/bag increase in a phased manner later in May 2019. The current price range hovers around PKR490‐535/bag (US$3.46-3.78/bag) in the north region, where the 3‐4 per cent increase in pri...

Dangote Cement

24 April 2019, Published under Cement News

Cement prices in Ghana have risen for the second time in two months with producers in the country blaming the latest increase in the depreciation of the Ghanaian cedi. Dangote Cement has increased its 42.5 grade product from GHS32.55 (US$6.36)/bag to GHS35.55/bag. The currency crisis is also being blamed for a 20 per cent rise in the price of bread in the country and an uptick in fuel prices at filling stations across Ghana.  Meanwhile, construction of Dangote’s 3Mta cement plant near Abi...