Cement News tagged under: cement prices

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Cambodian cement demand expected to rise

15 July 2019, Published under Cement News

Cambodia's construction sector is seeing demand for cement and brick rise by some 10 per cent in 1H19 and cement producers are forecasting a strong 2H19. Chip Mong INSEE Cement Corp has increased its cement supply by 10 per cent compared to the 1H18 said Tieng Vichea, the company's public and government relations manager. However, cement producers have not driven through large price increases. "Our selling prices in the first half of this year changes very similarly to production costs ove...

Association calls for lower cement prices in Nigeria

12 July 2019, Published under Cement News

Oyebamiji Dauda, chairman of the Lagos State Bricklayers’ Association, has urged the federal government of Nigeria to address the rising cement prices and as a result, increase access to affordable housing. In an interview with the News Agency of Nigeria, Mr Dauda stated that allowing more producers to operate in the market would make it more competitive. "There is the need for establishment of more cement manufacturing firms to help crash the price. Our observation is that high cost of c...

Increase in gas price impacts cement cost in Bangladesh

08 July 2019, Published under Cement News

Bangladesh's government has increased gas prices for the industrial sector including the cement industry, effective from 1 July 2019. The new price hike came in response to the demands of different gas utility companies. The Bangladesh Energy Regulatory Commission (BERC) declared an average price hike of 32.8 per cent for all users. The increase in gas prices, coupled with some tax measures in the budget 2019-20, have started to impact the manufacturing costs of cement in Bangladesh, says...

Russia sees record cement prices in May

01 July 2019, Published under Cement News

In Russia the average selling price for cement in the domestic market in May 2019 reached RUB3730/t (US$56/t) and RUB3740 for cement with additives, according to the Russian Federal State Statistics Service. This is reportedly a record figure for cement prices. When compared to the previous month, the overall price growth rate stood at one per cent. Prices increased 4.9 per cent in the Far Eastern federal district (FD) but fell in the Southern FD.

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...