Cement News tagged under: price

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DR Congo cement demand up 2% at end June 2018

14 December 2018, Published under Cement News

Cement production in the Democratic Republic of Congo (DRC) at the end of June reached 377,980t, according to the country’s statistics office. This compares with an output of 376,342t in the same period of 2017. Demand for cement in the DRC at the end of June rose 1.6 per cent YoY to 539,474t from 530,820t in 2017. Consumption is entirely being met by local production following a import ban. Any surplus of domestic output is exported to neighbouring countries. The price of cement in the ...

Cement prices fall 25% in Uganda

29 November 2018, Published under Cement News

Cement prices in Uganda have fallen 25 per cent in the last six months, dropping to UGX28,000/50kg bag (US$7.5/50kg bag) from UGX38,000/50kg bag. The drop in prices follows the recent boost in production capacity in the country, with a number of plant expansions and greenfield projects commissioned within the past year. As a result, the country's total cement capacity stands at 7Mta compared to a 2.4Mt demand. However, the country's largest producers, Hima and Tororo, have stated that pr...

Not out of the woods yet

21 May 2018, Published under Cement News

As India’s cement industry recovers from demonetisation, the October-December 2017 quarter brought new tests of strength. While demand showed unusually-high growth, increased fuel and raw material prices combined with muted growth forecasts took the shine off positive expectations for the year ahead. While Indian cement consumption saw an 11 per cent hike in the Oct-Dec 2017 quarter, the Indian cement sector is not out of the woods yet While the impact of the government’s dem...

Uganda cement prices rise due to cement shortage

06 April 2018, Published under Cement News

Cement prices in Uganda have increased by UGX5000-11,000 (US$1.35-2.98) within a month, sparking a country-wide crisis in the building sector, according to the Daily Monitor. Pader District, some 411km from the capital Kampala, reported the highest price at UGX50,000 for a 50kg bag of cement. The country’s two largest cement producers, Tororo Cement and Hima Cement, which supply 80 per cent of the domestic market, said the fall in output was attributable to a reduced power supply. ...

Industry sales in Pakistan grow by 4% in 1HFY18

05 March 2018, Published under Cement News

The profitability of the cement sector in Pakistan has contracted in the 1HFY18, falling 13 per cent YoY to PKR26.85bn (US$258.4m). This has been attributed to both an increase in the international coal prices and a lower cement retention cost. In the 1HFY18, industry sales grew by four per cent YoY to PKR134.03bn, while cement dispatches recorded a growth of 12 per cent to 19.6Mt. However, this did not result in the topline growth of the sector due to a lower retention price in the north...

Cement retails above government price in Côte d’Ivoire

09 February 2018, Published under Cement News

Cement currently retails at XOF5000 (US$9.32)/50kg bag in most stores in Abidjan, Côte d’Ivoire, according to Alerte info. The higher price, which contravenes the government-set price of XOF4500/bag, has been charged to customers since July 2017, reports the newspaper.

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...