Cement News tagged under: cement prices

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Pakistan cement prices unlikely to rise soon

17 November 2017, Published under Cement News

Pakistan cement producers are unlikely to increase their prices for the next three months to avoid investigation by the Competition Commission of Pakistan (CCP), reports Asianet Pakistan. The gross profit of the cement sector in Pakistan has fallen by 13 per cent YoY to PKR20.9bn (US$198m) in the first quarter of FY18. Profit after taxes decreased three per cent to PKR13.74bn from PKR14.11bn of the year-ago period. The net revenue of the industry increased 11 per cent on a yearly basis...

Cement prices fall in Pakistan's northern zone

20 October 2017, Published under Cement News

Competition among the cement players, particularly in Pakistan's northern zone, and seasonal fall in demand have triggered a cement price discount. BMA Capital states that cement prices in the north have fallen by another PKR10-15/bag (US$0.09-0.14) since mid-October 2017. The new retail price range now hovers around PKR460-500/bag, while the list price still remains at PKR510-520/bag, reflecting discounts of PKR20-50/bag. On the other hand, prices in the south remain stable ranging f...

Northern Pakistan records fall in cement prices

06 October 2017, Published under Cement News

According to industry sources, cement producers in the north region of Pakistan have increased the discount on cement prices effective 2 October 2017 by PKR10-15/bag to PKR480-495/bag (US$4.55-4.69). As a result, cement prices in the North are down 11-12 per cent from the high of PKR540-560/bag seen in Jul-August 2017. However, prices in the southern region remain unchanged. Current price range of PKR570-605/bag reflects a premium of approximately PKR100/bag compared with the North (PKR4...

Anhui Conch

25 September 2017, Published under Cement News

Anhui Conch saw its shares rise by five per cent earlier this month on the back of analyst predictions of a rise in cement prices. Limited supplies and an uptick in construction activity is expected to drive up all building material prices, including cement, in the closing quarter of this year. According to some analysts, cement prices in China the 4Q17 could surpass the high seen in the second quarter of this year. China’s average cement price rose by 0.3 per cent in the opening half of ...

Tanzania is the latest price-pressured African market

22 September 2017, Published under Cement News

While South Africa's cement market is wrapped up in merger talk and oversupply, and Ghana's cement industry is crying out for protection against low imports, Tanzania is the latest African country to find that the bustle for greater market share is pushing prices down to unsustainable levels. Tanzania's price war Tanzanian cement producers are facing a sudden collapse in profitability as cement prices are falling in an increasingly competitive market. Heidelberg-owned Tanzania ...

Cement price hike to hit Modi’s affordable housing?

24 April 2017, Published under Cement News

Indian Prime Minister Narendra Modi’s 'Housing for All’ scheme could be impacted by the steep hike in cement prices, the Confederation of Real Estate Developers’ Association of India (CREDAI) argues. According to a report in the Times of India, cement prices have risen from INR250/50kg bag to INR300/bag in the past two months. Developers in Kolkata have also reportedly been informed that the price will be hiked further to INR350 before June. If this is the case, it will raise construction c...

DR Congo: cement price in Boma up 53%

04 April 2017, Published under Cement News

The price of a bag of 50kg of grey cement in Boma, Democratic Republic of Congo, has jumped from CDF7500 (US$5.51) in February to CDF11,500 at the start of April. The price increase has led several construction sites in the port city suspending work. The hike has been attributed to the deterioration of the national currency compared to the US dollar.

Germany: Karsdorfer and Sötenich plants for sale

02 March 2017, Published under Cement News

CRH confirmed with its annual 2016 results, that it will sell a large portion of its German cement assets, as part of a wider EUR400m divestment programme. The company has agreed to sell the Karsdorfer integrated cement plant (2.3Mta) and Sötenich grinding plant (0.45Mta), to an unnamed purchaser, subject to approval by the German Competition Authority (Bundeskartellamt). CRH is expected to retain its third plant at Wössingen. It is possible that an existing German cement producer would...

USA: Summit cement profits rise 45% on back of higher volumes and prices

24 February 2017, Published under Cement News

In a trading statement for 2016, Summit Materials has announced that profits at its cement business rose by 45.1 per cent YoY, with volumes rising by 37 per cent and prices increasing by 7.5 per cent. Summit’s cement segment produced revenues of US$250m in 2016, with profits reaching US$127m in the same period. The business produced 2.14Mt of cement over the year, of which 0.6Mt was produced in the 4Q16. Summit’s profitability was improved by the rising price of cement. In 2015 its ave...

Rising cement prices signal economic growth in China

24 January 2017, Published under Cement News

Rising cement prices were providing a clear signal that China's economic growth will remain stable for the year ahead, said Mo Ji, chief economist for Asia ex-Japan at Amundi in an interview with CNBC. Cement offers a more accurate gauge of China's economic activity given its short shelf life. "It can only be stored one month. If there is no on-the-ground activity, how can the cement prices go up? It's really demand," she said, adding that meant infrastructure and other construction was ...