Cement News tagged under: price

RSS feed

Coal prices expected to firm up in 2016

31 October 2014, Published under Cement News

Coal prices are expected to remain subdued into 2015 as supply outpaces demand. Soft demand in China combines with strong mine ramp-ups around the world, which force additional cuts in output in the USA, according to Bank of America Merrill Lynch (BoAML). BoAML recently lowered its 2015 average Newcastle thermal price from US$73/t to US$65/t, but a new six per cent import tax for Australian coal into China may further depress this level. Further protectionist policies from China or subd...

CIMAT to invest in new kiln and grinding plant

28 October 2014, Published under Cement News

Following the strong demand in the Gabon cement market, domestic producer CIMAT will install “a latest-generation kiln with a production capacity between 3600-4000tpd. The installation will be in line with international European standards, necessary to produce high-quality cement,” said the company in a statement. The Gabon cement producer is also investing XAF23bn (US$44.5m) in the construction of a new grinding centre and bagging plant in Owendo. It is expected that the additio...

Taiwan Cement hikes prices 3.2%

22 August 2014, Published under Cement News

Taiwan Cement announced a rise of cement prices in Guangdong and Guangxi, China, by CNY10 (US$1.63)/t or 3.2 per cent to CNY320/t. The company said that as the China market has entered peak season, cement stocks in the Pearl River Delta have been falling, enabling price rises to go ahead. Taiwan Cement said it would keep a close eye on the market's reaction and does not rule out a further price hike next month. The two provinces account for almost half of the company's Chinese prod...

China: consolidating supply

17 March 2014, Published under Cement News

China’s cement industry growth is likely to moderate as pressure on local government finances drives a shift away from investment-led growth. Meanwhile, the cement industry faces stricter environmental controls, inefficient capacity elimination and restrictions on new projects. Against this backdrop, consolidation of supply is likely to accelerate. By Ben Hartwright, Standard Chartered Bank, Hong Kong. The 15th China International Cement Industry Exhibition is being held 28-30 April 2...

UltraTech Cement

02 December 2013, Published under Cement News

Indian market leader, UltraTech Cement Ltd, is bracing itself for increased pressure on margins as the cost of raw materials and coal continues to rise while demand remains subdued. Further rises in diesel prices and an ongoing weakening of the rupee have added to the torment. As a result, cement prices have been increasing since the end of the monsoon season in September, with wholesale prices up by between INR5 (US$0.08) and INR40 (US$0.64) per bag in the north, west and east regions. ...

China’s transition underway

27 March 2013, Published under Cement News

The speed of China’s cement industry restructuring was always going to be a drawn-out affair. The scale of the market and ambitious modernisation plans of a government intent on reshaping the industry in a relatively short space of time have presented challenges, but there is no turning back and reform is well underway as the country’s legendary cement market matures. ICR looks forward to meeting delegates at the China International Cement Conference, 24-26 April 2013, Beijing Exhi...

Paraguay’ INC plans to increase cement prices

20 November 2012, Published under Cement News

Industria Nacional del Cemento intends to raise the price of cement to offset its high production costs. While no official figure has been released yet, data indicate that the company is currently suffering a PYG6000 loss for each bag it produces. Carlos Kruessel Llano, INC president, said that a detailed study of cost composition would be made before a new price level would be announced.