Cement News tagged under: cement prices

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Steppe Cement sees revenue up 1% in 2020

12 January 2021, Published under Cement News

Kazakhstan’s Steppe Cement has reported a one per cent increase in revenue to KZT30.96bn (US$73.59m) in its preliminary update for 2020. However, cement sales volumes declined 4.1 per cent YoY to 1.645Mt from 1.715Mt in 2019. The average ex-factory price in 2020 reached KZT15,760/t, compared with KZT14,885/t in the previous year. "In 2020, cement market consumption in Kazakhstan increased by six per cent to 9.4Mt from 8.9Mt in 2019," said the board. Steppe Cement's local market share wa...

Coal prices force up cement hikes in northern Pakistan

04 January 2021, Published under Cement News

Persistent price hikes for cement in nothern Pakistan have resulted from higher coal prices. Cement prices in north Pakistan rose by PKR10 (US$0.062), to reach retail prices of PKR565-570/bag from 31 December 2020.  “The increase in cement prices comes on the back of a significant rise in international coal prices over the past two months, as per our channel checks,” said Shankar Talreja, Topline Securities deputy head of research.  Between October 2020 and January 2021, coal prices ha...

Manufacturers to offer discounted cement for Nigerian housing project

04 January 2021, Published under Cement News

Nigeria’s cement manufacturers have agreed to discount cement prices for the construction of houses under the federal government’s Economic Sustainability Plan (ESP). "They have agreed to give cement for this project at a considerable discount which is a very helpful thing to do and we really commend and thank them for the contributions they are making, it is a very patriotic thing on their part. They also see the importance of this Mass Housing Programme," said Yemi Osinbajo, the country's...

Nigerian cement price hike causes concern for building standards

16 December 2020, Published under Cement News

The Nigerian Institute of Building (NIOB) has said the significant rise in cement prices in the country and the low purchasing power of Nigerians may result in a danger to building construction standards, according to This Day. The institute has therefore called upon the government's intervention. Cement prices recently increased from around NGN2600/50kg (US$6.86) to NGN3500/50kg. The NIOB has stated that the price increase could exacerbate an already volatile and precarious situation. Th...

Southern India sees boost in cement prices

04 December 2020, Published under Cement News

Cement prices in southern India have advanced around 18 per cent YoY to INR393/bag (US$5.3) in the 3QFY20-21, according to Motilal Oswal. On a QoQ basis, prices are flat as hikes in November 2020 have offset the decline seen in the September-October period. The strong prices in the region have been attributed to strong production discipline in the face of weak volumes. Prices in the north, west and central India are up seven, six and five per cent YoY, respectively. In the 3QFY21, the ave...

Saudi: a belief in brighter days

17 November 2020, Published under Cement News

Some of the shine has been taken off Saudi Arabia’s cement market as a result of the COVID-19 pandemic and lower oil prices. However, the sector remains relatively healthy and the housing market is expected to continue driving demand, while the implementation of mega projects could be a game-changing catalyst. By EFG Hermes, Saudi Arabia. Saudi Arabia’s long-term potential trumps short-term challenges Despite the COVID-19 shock, cement demand in Saudi Arabia is expected to grow ...

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.