Cement News tagged under: cement prices

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Has Egypt's cement sector turned the corner?

24 September 2021, Published under Cement News

Egypt's cement sector has been battling against the economic tide for a considerable time as overcapacity, the end of energy subsidies and low cement demand has pushed some producers to the edge of existence, while others have become too debt-ridden to survive. However, this week saw better news as the country is launching a significant infrastructure drive and prices of construction materials have risen. Is it this simple to fix Egypt's long-suffering cement sector? It will take a prolonge...

Iraq's cement association calls for reversal of fuel subsidy decision

22 September 2021, Published under Cement News

Iraq's association of cement manufacturers has called on authorities to reverse a decision which has seen a reduction in fuel subsidies for the sector, according to Agence France-Presse. Earlier this month, the oil ministry raised the price of fuel sold to cement manufacturers from IQD150/l (US$0.10) to IQD250, in addition to a previous increase this year. The association has warned that the move risks factory closures or a hike in cement prices by at least US$10/t. "The decision will ...

Cement prices rise in Zimbabwe

14 September 2021, Published under Cement News

Zimbabwe's construction sector appears to be on course for a revival, driven by public spending on infrastructure and private development. However, a recent increase in cement prices could restrict the recovery. On average, a 50kg bag, which ordinarily costs around US$10.50, is now around US$13. An intermittent supply of cement on the local market looks to be behind the high cement prices, according to The Herald. The price hike has resulted in a rise in cheap imports from the region, par...

Salvadoran cement prices up 4% in August

03 September 2021, Published under Cement News

Cement prices in El Salvador have increased four per cent YoY to US$7.87/42.5kg bag in August 2021 from US$7.57/bag, delivered ex-works. Retail prices rose by 3.6 per cent YoY to US$8.68/bag from US$8.38/bag over the same period.

Fears Ghana's cement price will climb above GHS60/bag

02 September 2021, Published under Cement News

Ghana's cement price is likely to continue rising and could surpass GHS60/bag (US$9.94) by the end of the year if some taxes and levies are not scrapped, say cement producers. In the last seven months cement prices in the country have risen three times, amounting to a 27 per cent rise and pushing retail prices to GHS50/bag.Manufacturers have had no choice but to absorb a lot of the costs to keep cement prices at their current level.   Raw material prices continue to rise and the scarc...

Indian cement prices down 4% MoM

24 August 2021, Published under Cement News

At an all-India level, cement prices fell four per cent MoM basis from INR369 (US$4.98)/50kg bag in July to INR356/bag in August, according to Kotak Institutional Equities. Central India was the least hit with a price correction of INR3/ bag in August, while some regions have recorded drops as steep as INR30/bag. "Dealers in large states like Madhya Pradesh and Uttar Pradesh report a strong pick-up in trade sales in August after a weak July 2021 led by the monsoon. Dealer feedback for ce...

Turkish cement prices rise 56% in July

20 August 2021, Published under Cement News

Cement prices in Turkey have officially risen by around 56 per cent YoY in July, according to the Turkish Statistical Institute's (TUIK) domestic price index. Elsewhere, Tahir Tellioglu, head of the Turkish Contractors' Federation (IMKON), has reported that cement prices surged to TRY450/t (US$53/t) from TRY160 a year ago. Alongside this, contractors in the country have committed to establish new housing projects after a decline in recent years. However, this is reportedly leading to an ...

Kyrgyzstan’s cement prices rise steeply in July

17 August 2021, Published under Cement News

Kyrgyzstan’s monthly average of consumer prices showed that retail prices for cement in the country in July 2021   amounted to KGS357.6 (US$4.22)/50kg bag, up by 26.3 per cent YoY.   The maximum retail cement prices were US$4.83 in Kara-Balta, US$4.72 in Naryn and US$4.72 in the village of Chaek. The lowest cement prices were recorded in Jalal-Abad and Uzgen (US$3.54) and in Nookat (US$3.77). The largest increase in cement prices compared to the previous month were recorded in ...

Further price hikes coming for Malaysia's cement industry

03 August 2021, Published under Cement News

Malaysia's cement sector is expected to see further cement price hikes, according to AmBank Research. AmBank Research also projects the average net cement selling price in Peninsular Malaysia to rise marginally by two per cent to MYR240/t (US$56.8/t) in 2021 against an estimated price of MYR235/t in 2020.   The research house believes that the conditions are conducive for further price hikes with the emergence of a price leader in the market (controlling close to 60 per cent of total ...

New entrants to help meet Nigeria's increasing cement demand

30 July 2021, Published under Cement News

This week Nigeria has caught attention with announcements of new cement capacity. Not only has Dangote Cement cut the tape on its US$1bn cement plant near Okpella in Edo State, but there has also been an announcement that new entrant Madugu Cement will establish a 5Mta greenfield cement plant in Gombe State. While the country is building its cement capacity at an astonishing rate, cement demand is still outpacing output and the extra capacity is not yet being reflected in lower cement prices...