Cement News tagged under: Prices
Uzbekistan cement manufacturers to sell at fixed prices29 January 2018, Published under Cement NewsUzbekistan’s cement manufacturers plan to open points of sale at fixed prices to customers, in the hope that this will prevent speculation in the market. Qizilqumsement JSC and Bekabadcement JSC have already begun this initiative, according to Trend News. The points of sale are expected to open in all major cities and districts of the country. The cost of cement in the country varies between UZS430,000-490,000/t (US$52-60/t), depending on region. Uzbekistan has a total capacity of 8.5Mta ... |
Vietnam cement consumption reaches 62Mt in 201710 January 2018, Published under Cement NewsVietnam’s demand for cement increased seven per cent YoY to 62Mt in 2017, according to the Department of Price Management, Ministry of Finance. The rise in cement sales has been attributed to a rise in construction projects, particularly in the real estate and transport sector. However, when compared with 2016, the increase was marginal as prolonged rains and storms impacted sales. Cement consumption in December advanced three per cent to 6.5Mt with prices reported as stable as inputs... |
Mexican cement producers raise prices10 January 2018, Published under Cement NewsAt the start of the new year, Mexican cement producers have raised the price of grey cement between 6-10 per cent, according to Ramiro Páez Cruz, president of the Mexican Association of Independent Concrete Co (AMCI). Cruz Azul and Fortaleza raised the prices of their products by five per cent while the increase by Cemex, Moctezuma and Holcim was 6.25, seven and 10 per cent, respectively. The increases in cement prices will be passed on to the customers, said Mr Páez Cruz with concre... |
Cement prices in Nepal rise sharply due to clinker shortages29 December 2017, Published under Cement NewsThe tightening supply of cement amid a backdrop of increased demand has resulted in a sharp rise in cement prices in Nepal, with both cement manufacturers and retailers increasing prices in recent weeks. Cement prices in Chabahil, Kalopul, Gausala and Maitidevi have increased by NPR100 (US$0.97) per sack over the past week, according to a survey by The Himalayan Times. The price of a sack of Ordinary Portland Cement (OPC) rose by NPR100 per sack to NPR950 per sack. Meanwhile, a sack of Po... |
Call to investigate recent local price hikes in China07 December 2017, Published under Cement NewsSome Chinese cement producers and suppliers were taking advantage of Beijing’s environmental crackdown to artificially hike prices, according to the Wuhan Concrete (Mortar) Association. This has led to the suspension of some construction projects. "Particularly upstream cement producers and suppliers have taken the opportunity to exaggerate the impact from the environmental crackdown and output cuts to raise prices in a disorderly way multiple times in November and make supplies artificia... |
Possible power price hike to increase Vietnamese production costs by US$35m06 December 2017, Published under Cement NewsVietnamese cement producers can expect a production cost rise by around VND800bn (US$35.2m) annually if a hike in power prices comes into effect, according to local industry sources. Vietnam’s Prime Minister, Nguyễn Xuân Phúc, recently approved a 6.08 per cent rise in retail electricity prices to VNC1720.65/kWh (excluding VAT), effective from 1 December. If the price hike is extended to industrial power prices and given the country’s current cement output of 86Mta, the industry will s... |
India: glimmers of hope26 October 2017, Published under Cement NewsThe Indian cement sector appears to have shrugged off the impact of demonetisation but 1QFY18 figures suggest recovery will be slow. However, confidence is starting to build on the back of a pick-up in demand from rural and semi-urban regions, while pricing improvements have led to improved profitability for the country’s leading producers. Will the glimmers of improvement starting to be seen translate into a better year for the Indian cement sector? With the effect of demonetis... |
Urgent action required on Ghana's imported clinker valuation04 October 2017, Published under Cement NewsDr George Dawson-Ahmoah, the Chairman of the Cement Manufacturers Association of Ghana, has appealed to the Ag Commissioner to intervene in the valuation on the importation of clinker by the Customs Division of Ghana Revenue Authority (GRA). Dr Dawson-Ahmoah who is also the Strategy and Corporate Affairs Director of Ghacem and the Chairman of the Tema Branch of the Association of Ghana Industries, stressed that the unfavorable economic environment was making business difficult in Gh... |
Cemex leads the Caribbean21 August 2017, Published under Cement NewsWith varying levels of economic growth across the region and reliant on overseas investment and trade with the UK and USA, these are uncertain times for the Caribbean. As a new player emerges in the regional cement market and prices fall, existing producers such as Cemex and Argos are strengthening their hand. The Dominican Republic is the hub of Caribbean cement production with over 7Mta of capacity Economic activity in the Caribbean eased in 2016 with growth dropping to 3.43 ... |
GCC achieves 23% YoY rise in 2Q sales26 July 2017, Published under Cement NewsMexican cement producer Grupo Cementos Chihuahua (GCC) announced a 22.6 per cent YoY rise in consolidated net sales to MXN4497m in 2Q17 from MXN3669m (US$242.4m). The company derives the majority of its sales in the US, where net sales advanced 28.9 per cent YoY to MXN3455m in 2Q17. In its home market of Mexico, sales expanded by 5.5 per cent YoY to MXN1042m in 2Q17 when compared with 2Q16. Cement price realisation in the second quarter improved 16.9 per cent in Mexico but was more ... |