Cement News tagged under: price

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Azerbaijani cement producers raise prices

09 January 2018, Published under Cement News

Norm and Holcim Azerbaijan have raised the price of their cement by 5-6 per cent from 25 December, according to AF Euro Home. The cost of grade 300 cement increased from AZN5 (US$2.96) to AZN5.30. Grade 400 cement is now priced at AZN6.30, up from AZN6. No reasons for the price hike were disclosed.

Cemex hikes cement price 20% in Mexico

02 May 2017, Published under Cement News

Cemex increased its price for grey cement in Mexico by 20 per cent YoY in 1Q17. It represents the largest first-quarter increase in at least a decade and twice the seven per cent rate of inflation. No reasons were disclosed for the rise in prices. In addition, the company also announced a 4.3 per cent increase in investments to US$730m this year.  "One of our highest priorities is to recover our investment grade, so we continue to make significant progress in this quarter, from our 20...

India: higher petcoke prices will hit cement companies

04 January 2017, Published under Cement News

A near 75 per cent jump in the prices of petcoke, plus a similar rise in diesel costs combined with the policy of demonetisation, is likely to squeeze the margins of cement sector companies in the current financial year, says research firm Indian Ratings. Petcoke has shown an upward movement in prices to around US$60-70/t from US$40/t at the beginning of the financial year. “The rise in petcoke prices coupled with increase in diesel prices is likely to increase power, fuel and freight c...

Average oil price in 2017 to hover around US$61/bbl, gas at US$3.50/mBtu

13 December 2016, Published under Cement News

Brent oil is expected to average US$61/bbl in 2017, peaking at US$70/bbl during the US driving season while WTI’s average is forecast at around US$59/bbl, according to the latest report by Bank of America Merrill Lynch (BoAML). This follows last week’s OPEC announcement to cut crude production by 1.2Mbpd with non-OPEC producers supplying an extra 0.6Mbpd. “This joint curb is a first since 1998 and in our view marks a clear turning point. It will likely tighten global oil market balances a...

Cimentos de Moçambique increases prices 5-10%

08 November 2016, Published under Cement News

Cimentos de Moçambique, Mozambique’s largest cement producer, has raised its prices by 5-10 per cent. The lowest price rise recorded in the company’s two plants in Matola, southern Mozambique. The price of a 50kg bag of cement rose from MZN347 (US$4.49) to MZN364. In the northern port of Nacala, price increases were higher, from MZN390 to MZN429/50kg bag, while at the central Mozambican town of Dondo a similar price hike of 10 per cent was carried out. The company has attributed the...

DR Congo: Matadi cement price falls

20 October 2016, Published under Cement News

For the first time in a month, the price of a 50kg bag of cement has fallen in Matadi from CDF12,500 (US$12.16) to CDF8500, according to domestic news reports. The drop in price comes as a result of increased supply of cement imported from Angola. However, sales remain subdued and the Association of Independent Cement Consumers of Kongo-Central has recommended that the government removes the import tax charged at the border post of Lufu.

Central Congo cuts import tax by 50%

10 August 2016, Published under Cement News

The provincial government of Central Congo, Democratic Republic of Congo, has lowered import taxes for grey cement by 50 per cent from CDF3000 (US$3.15) to CDF1500 per 50kg bag. The step has been welcomed by importers who bring in Angolan product via the border post of Lufu. However, cement users have complained that the cut is not filtering through to end-users as they still pay CDF12,500 for a bag of cement. They have called for the government to revise the cement price, and are support...

Dem Rep Congo: cement price notes 10.6% drop in Kinshasa

25 January 2016, Published under Cement News

The price of cement in the Kinshasa market experienced a -10.6 per cent fall. The price of a 50kg bag fell from CDF12,300 (US$13.34) to CDF11,000. The price fall is due to a combination of factors including the low activity on building sites, particularly following Christmas and New Year as well as a scarcity of bank notes in circulation. Normal sales of cement reach around 50-100 bags per day.

Paraguay: demand up 8%, prices to fall 15%

08 January 2016, Published under Cement News

In 2015 Paraguayan cement producer Industria Nacional del Cemento (INC) sold 12.4m bags of cement, an increase of eight per cent YoY, according to Jorge Méndez, CEO of INC. Mr Méndez also said that the previously-loss-making company had racked up 28 consecutive months of profits and saw its profit reach around PYG42bn during this time. Since March the company has been able to reduce the cost of cement and a further US$22m in savings are expected as a new fuel system is expected to drop cos...

Egypt's new-found energy

09 November 2015, Published under Cement News

Following its successful navigation of turbulent social and political waters, the Egyptian cement industry has more recently had to face the challenge of overcoming gas shortages and a phase-out of power subsidies. Diversifying energy and power sources has now become a key priority as producers look to secure supplies, stabilise production and serve growing demand. By Shady Sharaf, Aboubakr Emam, CFA & Kamal El-Sheikh, Cairo Financial Holding, Egypt. Arabian Cement Co converted its pl...