Cement News tagged under: price

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Cementis expansion to lead to lower cement price and self-sufficiency

19 December 2022, Published under Cement News

The expansion of the Cementis cement plant in Ibity, near Antsirabe in Madagascar, is expected to lead to a significant drop in cement prices. Within three years, the price of a 50kg bag is forecast to fall to MGA14,000 (US$3.17), according to the country’s President, Andry Rajoelina. The project will increase the production at the cement plant to 1Mt from its current 180,000tpa, enabling the country to achieve cement self-sufficiency.

Bagged cement price sees 22% rise in Côte d’Ivoire

28 June 2022, Published under Cement News

The price of bagged cement in Niakara, Côte d’Ivoire, has increased by 22% to XOF110,000/t (US$177.53/t) from XOF90,000/t reported Agence Ivoirienne de Presse. "From now on, we are selling the 50kg bag of cement at XOF5500 against XOF4500, the usual price, so we make the tonne of cement at XOF110,000 and not at XOF90,000 as before," according to one manager of a hardware store in Niakara. He added that the suppliers attributed the price increase to the Russia-Ukraine war.

South Africa requests no cement price increases

27 June 2022, Published under Cement News

The South African government has asked the country's cement producers to commit to no price increases in return for the government approving safeguard action against cheap imports. The move has raised doubts about the success of an application made by a number of producers to the International Trade Commission back in August 2019, according to Moneyweb. The application was for a flat, non-country-specific tariff. The producers claim that the cost of doing business in South Africa is much ...

Pakistan cement market to contract by 10%

17 June 2022, Published under Cement News

Based on cement dispatches over the first 11 months, Pakistan’s cement market is expected to contract by 10 per cent in FY22 (ending 30 June), compared to FY21, according to a report in the Business Recorder. This is in stark contrast to the 10-15 per cent growth forecast by the industry. Much of that predicted growth was dependent on the country’s massive infrastructure and power projects, along with the government’s Pakistan Housing Plan. But in reality domestic demand has remained low wit...

Cement prices in India face further rise

21 April 2022, Published under Cement News

Following the price rise of imported coal, petcoke and crude oil due to the Russia-Ukraine war, cement prices in India are expected to increase by 6-13 per cent. In the last six months, coal and petcoke prices have surged by 30-50 per cent, according to industry sources. A report by Indian analysts CRISIL, domestic cement prices are expected to advance a further INR25-50/bag in April as producers start to pass on rising costs to consumers. This follows a rise to INR390/bag in the past 12 m...

Madagascar imports cement to reduce price

10 March 2022, Published under Cement News

The State Procurement of Madagascar (SPM) has imported cement at a reduced price to normalise the price of cement in the market and support the population after the passage of cyclones, reports L’Express. A 50kg bag of cement, imported by Lucky Cement via the Toamasina depot, now costs MGA25,500 (US$6.35), down from MGA26,500 previously.

CMS raises cement price due to higher costs

14 February 2022, Published under Cement News

Malaysia-based CMS is introducing a 10 per cent price hike from 17 February, the first one since 2016, according to Market Screener. The company attributes the need to raise prices to significant and sustained increase raw materials, packaging and freight costs. In the last year, cement production costs have increased by nine per cent and show no signs of abating yet. The Baltic Dry Index has shown a rate rise of 64 per cent in 2021 while the sack kraft paper index was up 33 per cent in ...

Dugongo cement prices see further rise

28 January 2022, Published under Cement News

The price of Dugongo cement in Mozambique has increased yet again, reports Club of Mozambique.  As of 24 January 2022, a 50kg bag of 32.5 cement now costs MZN360 (US$5.64). A bag of 42.5 cement now costs MZN340. Since the opening of Dugongo Cimentos in May 2020, the price of its cement has increased three times although the price of cement at many other producers has fallen. In September 2021 Dugongo cement raised the price of 32.5 cement from MZN230 to MZN255 while 42.5 cement increase...

Mexico's cement market sees cement prices surge

26 January 2022, Published under Cement News

The price of grey cement in Mexico increased on average 14.5 per cent per 50kg bag and 20 per cent per tonne of bulk cement in January 2022 when compared with December 2021, according to industry sources and material distributors, reports El Norte. This is significantly above the 2.4 per cent increase between January 2021 and December 2020 as reported by INEGI, the country’s statistics office. In the case of market leader Cemex, the company reported a 14.4 per cent price rise for its bagg...

Higher freight costs and port congestion send clinker price up in Côte d’Ivoire

13 October 2021, Published under Cement News

In addition to the COVID-19 pandemic, the cement industry in Côte d’Ivoire has also faced unprecedented increases in the prices of sea freight, which has sent the price of clinker in the international market up by 80 per cent, according to Rachid Yousry, CEO of LafargeHolcim Côte d’Ivoire. Clinker has also become more expensive as a result of additional clinker storage costs due to congestion in the Autonomous Port of Abidjan. Unloading can take 25-30 days. To date the cement producer has...