Cement News tagged under: cement prices

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Bangladesh cement prices remain stable

24 August 2020, Published under Cement News

The price of a 50kg bag of cement in Bangladesh is remaining stable after a sudden hike in 2019, according to The Financial Express. "Currently, we are selling a bag of cement at BDT400-440 (US$4.7-5.2) varying from one manufacturer to others," said Wahid Uz Zaman, a dealer in the city's green road. "People are now investing less on construction works, considering the disruptions in economic activities caused by the coronavirus pandemic," he said. "Our sales volume has dropped to one-t...

Two cement shipments set to arrive in Libya

14 August 2020, Published under Cement News

A ship transporting 4400t of bulk cement has arrived at Tobruk port, Libya, according to the country’s state news agency, LANA. Another shipment of around 3850t of cement is also expected to enter the port in the coming days. The Libya Herald also reported that domestic cement prices climbed to LYD75/t (US$53/t) at the start of August, compared to around LYD30/t in the same month of 2019.

Indian cement prices struggle in July

20 July 2020, Published under Cement News

All-India cement prices declined by one per cent to INR366/50kg bag (US$4.88/50kg bag) in July, according to Kotak Institutional Equities. Prices in southern India also declined one per cent MoM in July. In the northern and eastern markets prices fell by two per cent and one per cent, respectively, while prices in the west and central India remained resilient. The price difficulty has been attributed to a range of reasons, with northern dealers reporting a lack of new construction acti...

Ethiopia's cement prices begin to stabilise

22 June 2020, Published under Cement News

Ethiopia’s Ministry of Trade and Industry has confirmed that cement prices have been stabilising in the country, as a result of regulatory measures taken by the Ministry, according to New Business Ethiopia. Cement prices had almost doubled to around ETB450/50kg bag (US$13) recently, reportedly due to some major suppliers not producing at full capacity and issues with hoarding of the product. Since a shortage of imported material was the reason for the fall in production, the Ministry h...

Indian cement prices may increase this week

04 May 2020, Published under Cement News

An INR20 (US$0.26) price hike on all grades of cement in India could take place on Friday, according to The New Indian Express. Before the increase, the price of a 50kg cement bag rests between INR300-80 depending on the grade. Some producers are reporting that, following the permission to start-up operations again, it will take time to scale up production because of the lack of the required workforce, raw materials and transportation, amongst other reasons. However, since wages and other...

Cement scripts financial results season at PSX

23 April 2020, Published under Cement News

According to a report issued by Al Habib Capital Markets (Pvt) Ltd, Pakistan's leading cement companies, including Maple Leaf Cement, Lucky Cement, DG Khan Cement and Kohat Cement Co, are all set to announce their 3QFY20 financial results on 23 April 2020, while Cherat Cement Co is scheduled to declare its 3QFY20 financial result on 28 April 2020.   Cement sector earnings are expected to fall in 3QFY20when compared with the year-ago period, according to Al Habib analysts. The research house...

Chinese infrastructure construction sees boost

14 April 2020, Published under Cement News

Chinese infrastructure construction has reportedly been stepped up across the country as the government increases funding in the sector, states Xinhua News Agency. The production and prices of construction materials, including cement and steel, have also seen an increase. The work resumption rate of the cement industry reached 94 per cent as of 6 April, according to data from the Ministry of Industry and Information Technology.

Egyptian cement prices fall 3% in March

01 April 2020, Published under Cement News

The price of Portland cement in Egypt fell 2.5 per cent MoM to EGP780/t (US$49.4/t) in March 2020, compared to EGP800/t in February, according to the Central Administration of Needs and Building Materials. White cement prices remained stable at EGP2400/t during the first three months of 2020, the report added. Elsewhere, ready-mixed concrete prices remained stable YoY at around EGP725/m 3 in the 1Q20.

Coronavirus uncertainty likely to flatline Indian cement prices

23 March 2020, Published under Cement News

Due to the uncertainty caused by the coronavirus in the Indian construction industry, cement prices are likely to stagnate in the country, according to industry sources and sector analysts. “Coronavirus’ impact is not felt as yet in construction activity. It is unlikely to be affected in the near term unless there is a major economic slowdown all across," Sandip Ghose, chief operating officer at Birla Corp told Business Standard. “There may not be an increase but prices are expected to rem...

Cambodia has not yet seen a slowdown in cement sales over COVID-19

19 March 2020, Published under Cement News

The coronavirus has not had a significant impact on the cement and other construction material markets in Cambodia, which are retaining strong demand at present. The Cambodian construction sector reports no slowdown in demand because of the COVID-19 pandemic, while cement prices are holding up. "Demand remains strong for cement and building materials due to infrastructure development, urbanisation, long-term investment, and family and population growth. We believe the Cambodian economy wil...