Cement News tagged under: price

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Mexico: cement price up 8%

24 July 2015, Published under Cement News

In the year to date, the price of cement in Mexico has increased by just over eight per cent. This follows a price rise of nine per cent in 2014, said Juan Francisco Sanchez Kramer, investor relations director of Elementia. The price movement is on the back of an expected rise in demand due to private and public infrastructure projects. He added that the Mexican construction sector has large potential. Significant population growth, an expanding middle class and more than 120m people witho...

Tunisia: Bizerte cuts cement price

04 March 2015, Published under Cement News

Ciment de Bizerte is lowering its whole-sale cement price from MAD149.9/t to MAD147.9/t for bagged cement while bulk cement will cost MAD127.4/t to MAD130.4/t. Earlier Carthage Cement had announced a drop in its prices. Ciment de Bizerte forecasts a production of 1Mt in 2015 as the producer noted it was running at full capacity since the start of the year after the renovation of one of its kilns to increase capacity to 1.2Mta.

US natural gas price to soften before recovery in 2016

24 February 2015, Published under Cement News

As the US faces ample natural gas inventories and high production, US gas prices are expected to further soften this year. “We introduce an end of 2Q15 target of US$2.25/mBtu and lower our 2015 US nat gas price forecast to US$2.85, from US$3.90 prior,” say analysts at BofA Merrill Lynch Global Research. High production, especially in the US northeast where new pipeline capacity has come online, has helped to raise annual output growth from 1.9 to 5.7bcf/d through 2014, bringing total US ga...

Honduran cement price to hold

16 January 2015, Published under Cement News

Following a suggestion by Silvio Larios, general manager of the Honduran Chamber of the Construction Industry (Chico), to revise the price of cement, representatives of the cement industry announced that the price of a bag of grey cement will not fall. The manager of Cementos del Norte, Juan Carlos Sikaffy, said most cement producers use coal in the firing of their kilns and not fuel oil. "In the international market these fuels have not dropped in price (coal), because the oil war is am...

Dangote raises cement price

23 December 2014, Published under Cement News

Reversing a November price cut, Dangote Cement increased the price of its product to NGN2200/50kg bag. The new VAT-exclusive prices will see distributors pay NGN1645-1655/bag for ex-works orders and NGN1745 for orders delivered from the Ibese plant. Ex-works prices from Isolo hovered around the NGN1700 mark, according to one local source. The changes, which were not formally announced by the cement producer, are effective 15 December 2014 and distributors have said that the rapid reversal...

India: a new dawn arises

17 December 2014, Published under Cement News

After five long years of limited demand growth, India’s cement producers are poised to make the most of the domestic market recovery underway. There have also been cement pricing improvements which are expected to lead to better profitability. While regional variations exist in terms of supply and demand as well as on the pricing front, a generally more positive mood now prevails. An improved demand outlook is on the horizon for the Indian cement industry with growth of almost nine...

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...