Cement News tagged under: cement prices
All-India cement prices fall in November04 December 2019, Published under Cement NewsAll-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 NewsWhile 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 202007 November 2019, Published under Cement NewsMalayan 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 prices17 October 2019, Published under Cement NewsUganda 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 Bangladesh11 October 2019, Published under Cement NewsKey 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 September09 October 2019, Published under Cement NewsAll-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... |
Sri Lankan minister deplores political border tax policy on cement18 September 2019, Published under Cement NewsSri Lanka's finance minister, Mangala Samaraweera, has spoken out against the country's cement prices being higher than more developed markets in south Asia, requesting that the border tax policy needs to be depoliticised to benefit consumers. "Our export sector has been crippled by para-tariffs caused by businessmen influencing politicians," Mr Samaraweera told the opening of the Ceylon Chamber of Commerce Economic Summit. "This has also led to large increases in prices. For example, last... |
Retail cement price in El Salvador fell in August12 September 2019, Published under Cement NewsThe price for a 42.5kg bag of cement sold by retailers in San Salvador, El Salvador, fell to US$8.32/bag in August, according to Casalco, the country’s construction chamber. The drop represents the second-consecutive month of declining cement prices. In July and June, the price for a bag of cement was US$8.39 and US$8.45, respectively, after edging up from US$8.42 in May. Meanwhile, the ex-works cement price has remained stable at US$7.57/bag. |
Cement prices rise in China due to demand from construction sector12 September 2019, Published under Cement NewsOn 9 September, the construction of 10 major projects started in southwest China's Guizhou province, representing a total investment of CNY68.53bn (US$9.62bn). As a result, cement prices in some areas of Guizhou have seen an average increase of CNY60/t since August. Elsewhere, Zhejiang, Jiangxi, Hubei, Hunan, Henan and Shandong provinces, as well as the autonomous region of Guangxi, have recorded a price increase of around CNY20-40/t. "The country's cement prices have maintained at mor... |
Malaysian infrastructure demand to escalate cement price rises11 September 2019, Published under Cement NewsMalaysia's building materials are expected to se a price rise in the 3Q19 as large construction projects hike up demand for products such as cement. The construction industry is expected to pick up this quarter on infrastructure projects, including the East Coast Rail Link, brokerage analyst Abdul Hadi Manaf noted. "As such, we believe that demand for cement and steel should also recover at a gradual pace," he said. Cement costs could go up by 10 per cent to MYR220/t (US$52/t) in the four... |