Cement News tagged under: cement prices

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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.

Coronavirus uncertainty likely to flatline Indian cement prices

23 March 2020, Published under Cement News

Due to the uncertainty caused by the coronavirus in the Indian construction industry, cement prices are likely to stagnate in the country, according to industry sources and sector analysts. “Coronavirus’ impact is not felt as yet in construction activity. It is unlikely to be affected in the near term unless there is a major economic slowdown all across," Sandip Ghose, chief operating officer at Birla Corp told Business Standard. “There may not be an increase but prices are expected to rem...

Cambodia has not yet seen a slowdown in cement sales over COVID-19

19 March 2020, Published under Cement News

The coronavirus has not had a significant impact on the cement and other construction material markets in Cambodia, which are retaining strong demand at present. The Cambodian construction sector reports no slowdown in demand because of the COVID-19 pandemic, while cement prices are holding up. "Demand remains strong for cement and building materials due to infrastructure development, urbanisation, long-term investment, and family and population growth. We believe the Cambodian economy wil...

PPC sees volumes improve and price rises stick

19 March 2020, Published under Cement News

Cement-maker PPC said lower levels of capital expenditure has helped offset lower earnings during the 11 months to end-February, with its southern African business starting to show signs of stabilisation even as it continues to face price pressures from increasing exports. The South African coastal business is experiencing a downturn in volumes affected by imports, while inland volumes are showing signs of improvement, the group said in a trading update. It has experienced average price inc...

Andhra Pradesh producers to reduce prices for government projects

18 March 2020, Published under Cement News

Cement companies based in Andhra Pradesh, India, have decided to reduce cement prices for government projects following a request from the state’s Chief Minister, YS Jagan Mohan Reddy. PPC has been priced at INR225 (US$3.03), while OPC is around INR235. These prices are the lowest compared to that of any year between FY15-16 and FY19-20, according to The Hans India. The estimated requirement of cement for the Department of Housing alone is 4Mt for the year. Representatives from compani...

Cement price hike claims investigated in Malaysia

14 February 2020, Published under Cement News

Following claims of price hikes, Malaysia’s Domestic Trade and Consumer Affairs Ministry has investigated cement prices and found no price hikes at the manufacturing level. Its minister, Datuk Seri Saifuddin Nasution Ismail, has said the inspections were made after the Johor Master Builders Association (JMBA) alleged a cement price hike of around 20-50 per cent. Mr Saifuddin added that following a YoY price comparison of the four main cement manufacturers from 2017 until now, there has ac...