Cement News tagged under: cement prices

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Ghana cement prices rise again

25 October 2022, Published under Cement News

Cement prices is Ghana have risen to over GHC80(US$5.91)/50kg bag of cement on the back of rapid depreciation of the cedi against the dollar. The depreciation has triggered massive inflation, causing the price of cement to increase by up to 10 per cent in a matter of weeks. The increase is expected to push up the cost of construction in the country, leading to a rise in real estate prices, according to YEN. With some of the raw materials used to make cement imported in dollars, Ghanaian pr...

Indian cement sector profitability to reach new highs in FY25

11 October 2022, Published under Cement News

India's cement sector profitability (EBITDA/t) may bottom out by the 2QFY23 before reaching new highs by FY25, according to Antique Research (AR).  The Indian stockbroking company cites in its latest report that companies in its coverage will see EBITDA/t rise from INR970/t (US$11.77/t) in FY23e to INR1320/t in the FY25e. Declining fuel costs by around 30 per cent from the peak, improved demand led by urban housing, and higher government infrastructure spending (up by eight per cent CAGR ...

Indian cement prices on the up

11 October 2022, Published under Cement News

September 2022 saw the all-India average cement price go up by INR6/50kg bag (US$0.07), or 1.7 per cent, compared to the previous month. The highest price increase was seen in the east of the country where prices advanced by 6.6 per cent, followed by a 1.9 per cent rise in the south, 1.3 per cent increase in the west, and a flat-to-marginal decline in north and central India, according to India Infoline News Service. The price rises follow four consecutive months of price cuts. Further pr...

Ghana raises cement prices

05 September 2022, Published under Cement News

Cement prices in Ghana have risen to GHS73/50kg bag (US$7.30/50kg bag) as producers are forced to hike up prices due to the depreciation of the cedi. The resulting increase in raw material costs has caused a sudden rise in production costs, particularly from July this year, leading to the price increase, reports Pulse. According to Joy News, Ghacem ’s Extra brand is now selling at GHS72.9/50kg bag.

Nepali cement producers raise prices

17 August 2022, Published under Cement News

Nepali cement manufacturers have increased the price of their products by NPR50/bag (US$0.39/bag), due to soaring raw materials prices. Cement manufacturers said demand at present has fallen by a notable quantity due to slow development work and low capital expenditure of the government. Increasing prices of coal and petroleum products, higher transport costs and the hike in bank interest rates have also raised production costs.  Despite raising the price by a notable amount, cement ma...

Malaysian raw material costs push up cement prices

23 March 2022, Published under Cement News

The current cement price in Malaysia has been hiked due to increases in the cost of raw materials, especially coal in   the international market, says Sharuddin Omar Hashim, Cement Industries of Malaysia Berhad (CIMA) . Coal prices have escalated by 30-40 per cent of the cost of cement production, which has necessitated the final product price rises. "Coal prices were previously in the range of US$60/t to US$70/t, but have now increased to US$200/t and could possibly reach up to US$400/...

Cement producers raise prices in Vietnam

18 March 2022, Published under Cement News

Cement manufacturers have raised prices by VND100,000-150,000 (US$4.40-6.60) /t, or by 5.5-8.3 per cent, in Vietnam, claiming production costs have risen.   Ha Tien 1 Cement JSC, a subsidiary of the Vietnam National Cement Corporation ( VICEM ), announced a hike of VND100,000/t to VND1,800,000/t for its Vicem Ha Tien brand of packed cement with effect from 23 March. Hoang Long Cement JSC has increased its prices by VND120,000 and Thanh Thang Group Cement JSC has hiked the pri...

Honduran price hike cancelled

13 January 2022, Published under Cement News

The HNL10 (US$0.41) increase in the price of cement in Honduras, effective from 1 January 2022, has been cancelled following an agreement between private firms committee, Cohep, construction companies, cement firms and the Honduran government. ANDI, CHICO, Cementos del Norte, Cementos Wang Peng and Ultracem agreed to maintain the price of cement to its pre-2022 level.

Pan-Indian cement prices fall by 5% in December

10 January 2022, Published under Cement News

Cement prices declined by an average pan-Indian rate of five per cent MoM in December 2021, according to Emkay Global Financial Services. Prices declined 6-7 per cent MoM in the east and south, while prices in other regions fell by 3-4 per cent, according to the report, while industry volumes likely increased by 25 per cent MoM. Emkay Global Financial Services said all regions are likely to have witnessed 20-30 per cent MoM volume growth. There should be a YoY demand improvement in Dec...

Honduran cement price rise alarms construction industry

10 January 2022, Published under Cement News

Members of the Honduran Chamber of the Construction Industry (CHICO) have demanded that the cement industry explains the reasons for a HNL10 (US$0.41) price increase for a bag of cement in the domestic market. "We hope to see what solid substantive arguments will be presented by the cement companies when I understand that an agreement had been reached to leave said increase on stand-by, taking into account what the Honduran people are experiencing," said Osmín Bautista, who heads up the ch...