Cement News tagged under: cement prices

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Mozambique's cement price drop down to economics

22 June 2021, Published under Cement News

The fall in the price of cement on the Mozambican market after the Chinese investment in a new factory, Dugongo Cimentos, in Matutuine district, was expected by the government, the Minister of Industry and Trade has told reporters.   "We, as a government, know what we're doing," he said. "We have our regulations and we have a responsibility to the business sector and to the Mozambican people. We have been saying, with regard to cement and to other industries, that we have to assess th...

Cement prices rise in Tamil Nadu

15 June 2021, Published under Cement News

Cement prices in India’s state of Tamil Nadu have reportedly climbed over the past few months. Builders in the state have claimed a 13 per cent price hike from INR460 (US$6.27)/bag in May to INR520/50kg bag in June, according to The Hindu. Research firm Emkay has also stated there has been a 20-22 per cent rise in prices in the state from FY20 to FY21. Real estate developers are noting that this will have an impact on the total cost of projects. "When it comes to construction there are tw...

Cement prices in El Salvador increase in May

07 June 2021, Published under Cement News

The price of a 42.5kg bag of cement in El Salvador, delivered ex-works increased by four per cent to US$7.87 in May 2021 when compared with May 2020, when the ex-work price stood at US$7.57/bag – a price level it held until April 2021. At retail level, prices rose 1.5 per cent YoY from US$8.53 per 42.5kg bag in May 2020 to US$8.66/bag in May 2021. Since the start of 2021 retail prices have steadily risen from US$8.36/bag in January to US$8.40 in April 2021.

Kazakhstan sees cement price hike

04 June 2021, Published under Cement News

Kazakhstan has seen a rise in cement prices on the back of an improvement in the country’s housing construction market. "In general, manufacturers' prices are kept at KZT20-22,000 (US$46.69), the growth is about five per cent. On the market this figure has grown by 30-40 per cent, in some places by 50 per cent," said Minister of Industry and Infrastructure Development, Beibut Atamkulov. The country’s Antimonopoly Committee has already a verification procedure, according to the Kazakhsta...

Vietnam's cement exports surge while domestic prices rise

01 June 2021, Published under Cement News

Vietnam's Department of Building Materials, Ministry of Construction, reports that in the first four months of 2021, the country’s consumption of cement products is estimated to reach 34.58Mt, up 16.5 per cent YoY.  Domestic consumption accounted for around 19.44Mt, a slight increase over the same period last year, while cement exports surged to 65 per cent over 2020 to 15.14Mt.  Besides gains in consumption, many cement companies also raised product prices. Accordingly, Vicem Hoang Ma...

Dangote maintains cement prices despite currency devaluation

01 June 2021, Published under Cement News

Nigeria’s Dangote Group has not increased the price of its cement products, despite the naira devaluation by the Central Bank of Nigeria, according to The Punch. Instead, the group’s Sales and Marketing Director, Rabiu Umar, stated that it had released 2000 trucks into the market to increase distribution and counteract the cement price hike in the country. The price increase has been attributed to a sudden 40 per cent demand increase. "We in the past had an opportunity to export our ceme...

Zambian cement prices remain high

19 May 2021, Published under Cement News

The prices of different brands of cement in Zambia are still ranging between ZMW135-145 (US$6-6.45) for a 50kg bag, over a month after Competition and Consumer Protection Commission (CCPC) directed that prices should be reduced to ZMW110. Last month, CCPC fined Lafarge Zambia Plc and Mpande Limestone Ltd for price fixing with the two cement manufacturing entities expected to each pay 20 per cent of their 2019 and 2020 turnovers while reverting to pre-cartel prices ranging between US$4.50-...

Dangote defends Nigerian cement prices

13 April 2021, Published under Cement News

Dangote Group’s Executive Director, Devakumar Edwin, has confirmed that its ex-factory price for bagged cement in Nigeria is between NGN2450 (US$6.43) in Obajana and Gboko and NGN2510 in Ibese. The clarification has been made amid reports that the company sells cement in Nigeria at higher prices than in its other markets, particularly in Ghana and Zambia, according to Vanguard. While a bag of cement sells for an equivalent of US$5.1 in Nigeria, it sells for US$7.2 in Ghana and US$5.95 in ...

Messebo Cement resumes operations

24 March 2021, Published under Cement News

Ethiopia’s Messebo Cement has now resumed production after suspending operations for four months due to fighting in the area. Melaku Alebel, Minister of Trade, has confirmed that the company has started supplying products to stabilise the cement market. While cement prices had spiked in recent weeks, following measures taken by the Ministry of Trade, the price has fallen to ETB420/100kg (US$10.14) from ETB600 in Addis Ababa.

Ghana reports cement price increase

09 March 2021, Published under Cement News

Ghana has reported a small rise in cement prices due to an increase in the cost of imported clinker in recent days. A bag of cement which was earlier sold for GHS38 (US$6.62) is now being sold for GHS41, according to GhanaWeb. "There has been a price hike because of certain challenges which industry players are facing while importing the major raw material called clinker which is used to produce cement. We don’t have it here and it is a very small quantity that we are able to get locally,"...